Casey's General Stores
29 named things its latest annual report says its results depend on, each in the company's own words. 9 of them are also named by other companies we've read.
Customers
Wholesale fuel network (dealer sites)
earns from · Approximately 3% of total revenueApproximately 3% of total revenue for the year-ended April 30, 2026 relates to the wholesale fuel network.Business (Item 1)
Suppliers
Cigarette and tobacco manufacturers' retailer rebates
depends onnamed as a riskCurrently, major cigarette and tobacco and nicotine manufacturers offer significant rebates to retailers, although there can be no assurance that such rebate programs will continue.Risk factors (Item 1A)
Third-party distribution partner (Florida)
depends onCertain stores outside of that radius, in Florida for example, are supplied by a third-party distribution partner.Business (Item 1)
Partners and platforms
Credit card interchange fees
depends on · $279 millionnamed as a riskTotal credit card fees incurred in fiscal 2026 were $279 million.Risk factors (Item 1A)
Other companies
Prepared food and dispensed beverage
earns from · approximately 63% of our revenue less cost of goods soldIn the last three fiscal years, retail sales of prepared food and dispensed beverage and grocery and general merchandise items have generated about 36% of our total revenue, but they have resulted in approximately 63% of our revenue less cost of goods sold (excluding depreciation and amortization).Business (Item 1)
Places
Illinois
concentrated in · approximately halfAs of April 30, 2026, Casey’s General Stores, Inc. and its direct and indirect wholly-owned subsidiaries operate convenience stores primarily under the names "Casey's" and "Casey’s General Store" (collectively, with the stores below referenced as "GoodStop (by Casey's)" or "CEFCO", referred to as "Casey's" or the "Company") throughout 19 states, approximately half of which are located in Iowa, Missouri and Illinois.Business (Item 1)
Also named by AEE, ALL, AWK, CINF, DRVN, FPI, NNN, NRP and 4 more
Missouri
concentrated in · approximately halfAs of April 30, 2026, Casey’s General Stores, Inc. and its direct and indirect wholly-owned subsidiaries operate convenience stores primarily under the names "Casey's" and "Casey’s General Store" (collectively, with the stores below referenced as "GoodStop (by Casey's)" or "CEFCO", referred to as "Casey's" or the "Company") throughout 19 states, approximately half of which are located in Iowa, Missouri and Illinois.Business (Item 1)
Iowa
concentrated in · approximately halfAs of April 30, 2026, Casey’s General Stores, Inc. and its direct and indirect wholly-owned subsidiaries operate convenience stores primarily under the names "Casey's" and "Casey’s General Store" (collectively, with the stores below referenced as "GoodStop (by Casey's)" or "CEFCO", referred to as "Casey's" or the "Company") throughout 19 states, approximately half of which are located in Iowa, Missouri and Illinois.Business (Item 1)
Middle East, South America and Europe oil producing regions
exposed to its pricenamed as a riskGeneral political conditions, threatened or actual acts of war or terrorism, instability or other changes in oil producing regions, including the Middle East, South America and Europe, and trade, economic or other disagreements between oil producing nations, can, and recently have, significantly affected crude oil supplies and wholesale petroleum costs.Risk factors (Item 1A)
Ankeny, Iowa distribution center
operates inOne distribution center is adjacent to our corporate headquarters, which we refer to as the Store Support Center, in Ankeny, Iowa.Business (Item 1)
Terre Haute, Indiana and Joplin, Missouri distribution centers
operates inThe other two distribution centers are located in Terre Haute, Indiana and Joplin, Missouri.Business (Item 1)
Waco, Texas fuel terminal
operates inAdditionally, the Company owns and operates a fuel terminal in Waco, Texas.Business (Item 1)
Hazards
Florida hurricanes
operates innamed as a riskIn addition, certain stores are located in the South, in particular Florida, which is susceptible to hurricanes.Risk factors (Item 1A)
Midwest United States severe weather (tornadoes, flooding, ice storms, snow)
concentrated innamed as a riskThe vast majority of our stores, our distribution centers, and our corporate offices, are located in the Midwest region of the United States, which is susceptible to tornadoes, thunderstorms, extended periods of rain or unseasonably cold temperatures, flooding, ice storms, and heavy snow.Risk factors (Item 1A)
Fuel transport and storage hazards (fires, explosions, spills)
named as a riskOur operations are subject to significant hazards and risks inherent in transporting and storing motor fuel.Risk factors (Item 1A)
Commodities and inputs
Cheese
exposed to its price · largest food costnamed as a riskCheese, representing our largest food cost, and other commodities can be subject to significant cost fluctuations due to weather, availability, global demand and other factors that are beyond our control.Risk factors (Item 1A)
Wholesale petroleum / motor fuel
exposed to its price · approximately 62% of total revenuenamed as a riskOver the past three fiscal years, on average our retail fuel revenues accounted for approximately 62% of total revenue and our retail fuel revenue less cost of goods sold (excluding depreciation and amortization) accounted for approximately 34% of the total revenue less cost of goods sold (excluding depreciation and amortization).Risk factors (Item 1A)
Tobacco and nicotine products
earns from · approximately 9% of our total revenuenamed as a riskSales of tobacco and nicotine products, including e-cigarettes and vapor products, have averaged approximately 9% of our total revenue over the past three fiscal years, and our tobacco and nicotine revenue less cost of goods sold (excluding depreciation and amortization) accounted for approximately 9% of the total revenue less cost of goods sold (excluding depreciation and amortization) for the same period.Risk factors (Item 1A)
Coffee
exposed to its pricenamed as a riskGeneral economic and political conditions, including social and political causes and movements, higher interest rates, higher fuel and other energy costs, inflation, tariffs, increases or fluctuations in commodity prices such as cheese, proteins and coffee, higher levels of unemployment, higher consumer debt levels and lower consumer discretionary spending, higher tax rates and other changes in tax laws or other economic factors may affect the operations of our stores, input costs, construction and transportation costs, consumer spending, buying habits and labor markets generally, and could adversely affect the discretionary income and spending levels of our guests, the costs of the products we sell in our stores, the consumer demand for such products and the labor costs of transporting, storing and selling those products, and the costs of building, acquiring and remodeling stores.Risk factors (Item 1A)
Also named by KHC
Proteins
exposed to its pricenamed as a riskAny increase in the cost or sustained high levels of the cost of cheese, proteins or other commodities could adversely affect the profitability of stores, particularly if we are unable, unwilling, or it is unreasonable, to increase the retail price of our products to offset such costs.Risk factors (Item 1A)
Fuel futures contracts
exposed to its priceThe Company utilizes futures contracts to economically hedge the physical products while the bulk fuel is in storage at various terminals and pipelines, until such time the underlying gallons can be delivered to the store or customer.Market risk (Item 7A)
Regulators
U.S. Food and Drug Administration (FDA)
subject tonamed as a riskCongress has given the Food and Drug Administration (“FDA”) broad authority to regulate tobacco and nicotine products, including e-cigarettes and vapor products, and the FDA has enacted numerous regulations restricting the sale of such products.Risk factors (Item 1A)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
Federal Motor Carrier Safety Administration
subject tonamed as a riskOur business is subject to extensive governmental laws and regulations that include, but are not limited to, those relating to environmental protection and remediation; the preparation, transportation, storage, sale and labeling of food and other products; consumer protection and anti-trust laws and regulations; minimum wage, overtime, immigration and other employment, labor and employee benefits-related laws and regulations; the Americans with Disabilities Act; legal restrictions on the sale of alcohol, tobacco and nicotine products, money orders, lottery/lotto and other age-restricted products; information security, privacy and artificial intelligence law and regulations and Payment Card Industry Data Security Standards and similar requirements; compliance with the Federal Motor Carriers Safety Administration regulations; and, securities laws and Nasdaq listing standards.Risk factors (Item 1A)
Also named by CVLG, ET, FDXF, HTLD, IOT, JBHT, LSTR, R and 5 more
U.S. Environmental Protection Agency (EPA) underground storage tank regulations
subject tonamed as a riskThe United States Environmental Protection Agency and several states, including Iowa, have established requirements for owners and operators of underground fuel storage tanks (USTs) with regard to (i) maintenance of leak detection, corrosion protection, and overfill/spill protection systems; (ii) upgrade of existing tanks; (iii) actions required in the event of a detected leak; (iv) prevention of leakage through tank closings; and (v) required fuel inventory record keeping.Business (Item 1)
State lottery commissions
subject toIn addition to these products, the Company is also subject to rules governing lottery and lotto sales as determined by state lottery commissions in each state in which we make such sales.Business (Item 1)
Laws and programs
State UST trust fund programs
depends on · $1,078For the years ended April 30, 2026, 2025, and 2024, we spent approximately $1,078, $1,253, and $966, respectively, for assessments and remediation.Business (Item 1)
Iowa Business Corporation Act
subject tonamed as a riskFor example, the Iowa Business Corporation Act (the “Act”) prohibits publicly held Iowa corporations to which it applies from engaging in a business combination with an interested shareholder for a period of three years after the date of the transaction in which the person became an interested shareholder unless the business combination is approved in a prescribed manner.Risk factors (Item 1A)
Payment Card Industry Data Security Standard (PCI DSS)
subject toAs a part thereof, the Company has implemented an information security program, directly overseen by our CISO, that consists of controls and processes designed to prevent, detect, and manage reasonably foreseeable cybersecurity risks and threats, and which is based on recognized best practices including the National Institute of Standards and Technology ("NIST") Cyber Security Framework ("CSF") and Payment Card Industry Data Security Standard ("PCI DSS").Cybersecurity (Item 1C)
Also named by ABNB, AZO, BJ, BKNG, CASH, COST, DOV, EBAY and 20 more
Technology
Electric and alternative fuel vehicles
named as a riskIn addition, a shift toward electric, hybrid, hydrogen, natural gas or other alternative fuel-powered vehicles, could fundamentally change the shopping and driving habits of our guests or lead to new forms of fueling destinations or new competitive pressures.Risk factors (Item 1A)