Segment Reporting

12 Months Ended

Apr. 30, 2025

Segment Reporting [Abstract]

Segment Reporting

SEGMENT REPORTING

As of April 30, 2025, we operated 2,904 stores in 20 states. Our convenience stores offer a broad selection of merchandise, fuel and other products and services designed to appeal to the convenience needs of our guests. We manage the business on the basis of one operating segment and therefore, have only one reportable segment. Our stores sell similar products and services, use similar processes to sell those products and services, and sell their products and services to similar classes of guests. We make specific disclosures concerning the three broad categories of fuel, grocery and general merchandise, and prepared food and dispensed beverage because it allows us to more effectively discuss trends and operational initiatives within our business and industry. Although we can separate revenues and cost of goods sold within these categories (and further sub-categories), the operating expenses associated with operating a store that sells these products are not separable by these three categories.

Casey’s chief operating decision maker (“CODM”) is the President and Chief Executive Officer. The CODM assesses performance for the segment and decides how to allocate resources and capital based on profitability metrics, such as net income, that is reported on the consolidated statements of income. The CODM considers actual-to-forecast variances on a monthly, quarterly and annual basis for this profit measure when making decisions about resource allocation and assessing company performance. Total asset information by segment is not regularly provided to our CODM or utilized for purposes of assessing performance or allocating resources and, as a result, such information has not been presented below.

The following table provides information on revenue, significant expenses, and net income related to the single reportable segment:

	Years ended April 30,
	2025		2024		2023
Revenue	$	15,940,899	$	14,862,913	$	15,094,475
Cost of goods sold (excluding depreciation and amortization)
Prepared food & dispensed beverage	674,322		603,305		574,155
Grocery & general merchandise	2,691,879		2,456,867		2,289,326
Fuel	8,539,339		8,285,400		8,952,397
Other (1)	282,956		169,430		206,191
Total cost of goods sold (excluding depreciation and amortization)	12,188,496		11,515,002		12,022,069
Operating expenses
Same-store employee expense	975,186		940,560		861,840
Same-store other expense	480,378		454,480		393,067
Same-store credit card fees expense	212,399		211,681		201,579
Non same-store operating expense	305,604		170,420		204,938
Other (2)	578,789		511,372		458,518
Total operating expenses	2,552,356		2,288,513		2,119,942
Depreciation & amortization	403,647		349,797		313,131
Interest, net	83,951		53,441		51,815
Income before income taxes	712,449		656,160		587,518
Federal and state income taxes	165,929		154,188		140,827
Net income	$	546,520	$	501,972	$	446,691

(1)Other included in total cost of goods sold (excluding depreciation and amortization) primarily includes activity related to wholesale fuel.

(2)Other included in operating expenses includes expenses for information technology, operations, merchandising, finance, human resources, legal, acquisitions, field operations and service excellence.