Segment Reporting

3 Months Ended

Jul. 31, 2025

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

As of July 31, 2025, we operated 2,895 stores in 19 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 condensed 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:

	Three Months Ended July 31,
	2025		2024
Total revenue	$	4,567,106	$	4,097,737
Cost of goods sold (exclusive of depreciation and amortization)
Prepared food & dispensed beverage	192,451		169,088
Grocery & general merchandise	785,900		690,697
Fuel	2,360,105		2,241,094
Other (1)	116,204		41,602
Total cost of goods sold (exclusive of depreciation and amortization)	3,454,660		3,142,481
Operating expenses
Same-store employee expense	276,234		252,259
Same-store other expense	134,658		124,093
Same-store credit card fees expense	62,562		58,779
Non same-store operating expense	69,243		40,725
Other (2)	155,479		133,618
Total operating expenses	698,176		609,474
Depreciation & amortization	108,963		94,409
Interest, net	26,850		14,067
Income before income taxes	278,457		237,306
Federal and state income taxes	63,102		57,108
Net income	$	215,355	$	180,198

(1)Other included in total cost of goods sold (exclusive of 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.