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     157  0 Kommentare Casey's Announces Fourth Quarter Results

    Casey’s General Stores, Inc., ("Casey's" or the "Company") (Nasdaq symbol CASY) one of the leading convenience store chains in the United States, today announced financial results for the three months and year ended April 30, 2022.

    Fourth Quarter 2022 Key Highlights

    • Diluted EPS of $1.60, up 43% from the same period a year ago.
    • Inside same-store sales up 5.2% with an inside margin of 39.4%.
    • Fuel same-store gallons sold up 1.5% with a fuel margin of 36.2 cents per gallon.
    • Casey's increased the quarterly dividend 9% to $0.38 per share, marking the 23rd consecutive annual increase.

    Fiscal Year 2022 Key Highlights

    • Diluted EPS of $9.10, an all-time high.
    • Casey's Rewards members of approximately 5 million at year-end, adding over 1.3 million in the fiscal year.
    • Total store growth of 228 stores, including 207 acquired locations, marking the largest unit growth year in the Company's history.
    • Strong performance led the Company to prepay $168 million in variable rate debt.

    “Casey's delivered another record fiscal year to its shareholders with inside sales up 6.6%," said Darren Rebelez, President and CEO. “Inside same-store sales were driven by strong prepared food and dispensed beverages, most notably pizza slices and our new breakfast offering. Private label's tremendous progress resulted in exiting the quarter at 5% sales penetration of the grocery and general merchandise category. Despite all-time high fuel costs and challenging macro-economic conditions, fuel volume and margins remained strong. We had the most acquisitive year in our Company's history, finishing the year with 2,452 stores. Thanks to the hard work and commitment of the Casey's team, we are well positioned to deliver on our long-term strategic plan commitments in fiscal 2023.”

    Earnings

     

    Three Months Ended April 30,

     

    Twelve Months Ended April 30,

     

    2022

     

    2021

     

    2022

     

    2021

    Net income (in thousands)

    $

    59,777

     

    $

    41,698

     

    $

    339,790

     

    $

    312,900

    Diluted earnings per share

    $

    1.60

     

    $

    1.12

     

    $

    9.10

     

    $

    8.38

    Adjusted EBITDA (in thousands)

    $

    165,506

     

    $

    140,556

     

    $

    800,040

     

    $

    728,924

    Fourth quarter net income, Diluted EPS, and Adjusted EBITDA (reconciled later in the document) were up compared to the same period a year ago due to higher profitability both inside the store and in fuel, partially offset by higher operating expenses. Net income and Diluted EPS were also positively affected by a lower tax rate, and negatively affected by higher interest expense and higher depreciation expense.

    Inside

     

    Three Months Ended April 30,

    Twelve Months Ended April 30,

     

    2022

     

    2021

    2022

     

    2021

    Inside sales (in thousands)

    $

    1,037,315

     

     

    $

    913,364

     

    $

    4,345,627

     

     

    $

    3,811,521

     

    Inside same-store sales

     

    5.2

    %

     

     

    12.8

    %

     

    6.6

    %

     

     

    4.0

    %

    Grocery and general merchandise same-store sales

     

    4.3

    %

     

     

    12.5

    %

     

    6.3

    %

     

     

    6.6

    %

    Prepared food and dispensed beverage same-store sales

     

    7.6

    %

     

     

    13.4

    %

     

    7.4

    %

     

     

    (2.1

    ) %

    Inside gross profit (in thousands)

    $

    409,040

     

     

    $

    364,872

     

    $

    1,739,829

     

     

    $

    1,526,262

     

    Inside margin

     

    39.4

    %

     

     

    39.9

    %

     

    40.0

    %

     

     

    40.0

    %

    Grocery and general merchandise margin

     

    32.5

    %

     

     

    31.8

    %

     

    32.7

    %

     

     

    32.0

    %

    Prepared food and dispensed beverage margin

     

    56.9

    %

     

     

    60.1

    %

     

    59.2

    %

     

     

    60.1

    %

    Total inside sales were up 14% for the quarter and total inside gross profit was up 12%. Inside same-store sales were driven by strong sales in pizza slices and breakfast sandwiches, along with non-alcoholic and alcoholic beverages. Inside margin was down 50 basis points for the quarter primarily due to inflationary pressures in the prepared food and dispensed beverage category, partially offset by pricing actions and an increase in single-serve and smaller package sized non-alcoholic and alcoholic beverages in the grocery and general merchandise category.

    Fuel1

     

    Three Months Ended April 30,

     

    Twelve Months Ended April 30,

     

    2022

     

    2021

     

    2022

     

     

    2021

    Fuel gallons sold (in thousands)

     

    621,118

     

     

     

    535,274

     

     

     

    2,579,179

     

     

     

    2,180,772

     

    Same-store gallons sold

     

    1.5

    %

     

     

    6.4

    %

     

     

    4.4

    %

     

     

    (8.1

    ) %

    Fuel gross profit (in thousands)

    $

    224,637

     

     

    $

    176,664

     

     

    $

    928,868

     

     

    $

    761,247

     

    Fuel margin (cents per gallon, excluding credit card fees)

     

    36.2

    ¢

     

     

    33.0

    ¢

     

     

    36.0

    ¢

     

    34.9

    ¢

    1 Fuel category does not include wholesale fuel activity, which is included in Other.

    Same-store gallons sold were up 1.5% for the quarter, and up 8% on a two-year stacked basis. Fuel gross profit was up 27% due to an increase of 3.2 cents per gallon in fuel margin coupled with a 16% increase in total fuel gallons sold, despite a significant increase in fuel cost experienced at the end of the quarter. The Company sold $1.1 million in renewable fuel credits (RINs) in the fourth quarter, while no RINs were sold in the same period last year.

    Operating Expenses

     

    Three Months Ended April 30,

    Twelve Months Ended April 30,

     

    2022

     

    2021

    2022

     

    2021

    Operating expenses (in thousands)

    $

    490,904

     

     

    $

    426,308

     

    $

    1,961,473

     

     

    $

    1,637,191

     

    Credit card fees (in thousands)

    $

    53,208

     

     

    $

    38,981

     

    $

    202,584

     

     

    $

    147,366

     

    Same-store operating expense excluding credit card fees

     

    8.0

    %

     

     

    6.5

    %

     

    8.9

    %

     

     

    3.0

    %

    Operating expenses increased 15.2% for the fourth quarter. Approximately 9% of the increase is due to operating 209 more stores than a year ago. Additionally, approximately 4% was related to same-store employee expense. Finally, approximately 2% of the change was related to same-store credit card fees due to the higher price of retail fuel.

    Expansion

     

    Store Count

    Stores at April 30, 2021

    2,243

    New store construction

    21

    Acquisitions

    207

    Acquisitions not opened

    (3)

    Prior acquisitions opened

    4

    Closed

    (20)

    Stores at April 30, 2022

    2,452

    Liquidity

    At April 30, the Company had approximately $634 million in available liquidity, consisting of approximately $159 million in cash and cash equivalents on hand and $475 million in undrawn borrowing capacity on existing lines of credit. The Company prepaid variable rate debt by approximately $168 million in the quarter.

    Share Repurchase

    The Company has $400 million remaining under its existing share repurchase authorization. There were no repurchases made against that authorization in the fourth quarter.

    Dividend

    At its June meeting, the Board of Directors voted to increase the quarterly dividend by 9% to $0.38 per share, which is the 23rd consecutive year increasing the dividend. The dividend is payable August 15, 2022 to shareholders of record on August 1, 2022.

    Fiscal 2023 Outlook

    Casey's expects the following performance during fiscal 2023. The Company expects same-store inside sales to increase 4% to 6% and maintain an inside margin of approximately 40%. The Company expects same-store fuel gallons to be flat to 2% higher. Total operating expenses are expected to increase approximately 9% to 10%. The Company expects to add approximately 80 stores in fiscal 2023, and expects to exceed our stated three year commitment of 345 units. Interest expense is expected to be approximately $55 million. Depreciation and amortization is expected to be approximately $320 million and the purchase of property plant and equipment is expected to be approximately $450 to $500 million, including approximately $135 million in one-time store remodel costs for recently acquired stores. The tax rate is expected to be approximately 24% to 26% for the year.

    Casey’s General Stores, Inc. and Subsidiaries

    Condensed Consolidated Statements of Income

    (Dollars in thousands, except share and per share amounts)

    (Unaudited)

     

     

    Three Months Ended April 30,

    Twelve Months Ended April 30,

     

    2022

     

    2021

    2022

     

    2021

    Total revenue

    $

    3,458,942

     

    $

    2,378,236

    $

    12,952,594

     

    $

    8,707,189

    Cost of goods sold (exclusive of depreciation and amortization, shown separately below)

     

    2,802,199

     

     

    1,817,244

     

    10,189,880

     

     

    6,350,754

    Operating expenses

     

    490,904

     

     

    426,308

     

    1,961,473

     

     

    1,637,191

    Depreciation and amortization

     

    77,866

     

     

    69,897

     

    303,541

     

     

    265,195

    Interest, net

     

    15,291

     

     

    11,168

     

    56,972

     

     

    46,679

    Income before income taxes

     

    72,682

     

     

    53,619

     

    440,728

     

     

    407,370

    Federal and state income taxes

     

    12,905

     

     

    11,921

     

    100,938

     

     

    94,470

    Net income

    $

    59,777

     

    $

    41,698

    $

    339,790

     

    $

    312,900

    Net income per common share

     

     

     

     

     

     

    Basic

    $

    1.61

     

    $

    1.12

    $

    9.14

     

    $

    8.44

    Diluted

    $

    1.60

     

    $

    1.12

    $

    9.10

     

    $

    8.38

    Basic weighted average shares

     

    37,170,941

     

     

    37,117,504

     

    37,158,898

     

     

    37,092,273

    Plus effect of stock compensation

     

    197,800

     

     

    263,969

     

    197,800

     

     

    263,865

    Diluted weighted average shares

     

    37,368,741

     

     

    37,381,473

     

    37,356,698

     

     

    37,356,138

    Casey’s General Stores, Inc. and Subsidiaries

    Condensed Consolidated Balance Sheets

    (Dollars in thousands)

    (Unaudited)

     

     

    April 30, 2022

     

    April 30, 2021

    Assets

     

     

     

    Current assets

     

     

     

    Cash and cash equivalents

    $

    158,878

     

    $

    336,545

    Receivables

     

    108,028

     

     

    79,698

    Inventories

     

    396,199

     

     

    286,598

    Prepaid expenses

     

    17,859

     

     

    11,214

    Income taxes receivable

     

    44,071

     

     

    9,578

    Total current assets

     

    725,035

     

     

    723,633

    Other assets, net of amortization

     

    187,219

     

     

    82,147

    Goodwill

     

    612,934

     

     

    161,075

    Property and equipment, net of accumulated depreciation of $2,425,709 at April 30, 2022 and $2,206,405 at April 30, 2021

     

    3,980,542

     

     

    3,493,459

    Total assets

    $

    5,505,730

     

    $

    4,460,314

    Liabilities and Shareholders’ Equity

     

     

     

    Current liabilities

     

     

     

    Current maturities of long-term debt and finance lease obligations

    $

    24,466

     

    $

    2,354

    Accounts payable

     

    588,783

     

     

    355,471

    Accrued expenses

     

    291,429

     

     

    254,924

    Total current liabilities

     

    904,678

     

     

    612,749

    Long-term debt and finance lease obligations, net of current maturities

     

    1,663,403

     

     

    1,361,395

    Deferred income taxes

     

    520,472

     

     

    439,721

    Deferred compensation

     

    12,746

     

     

    15,094

    Insurance accruals, net of current portion

     

    27,957

     

     

    26,239

    Other long-term liabilities

     

    135,636

     

     

    72,437

    Total liabilities

     

    3,264,892

     

     

    2,527,635

    Total shareholders’ equity

     

    2,240,838

     

     

    1,932,679

    Total liabilities and shareholders’ equity

    $

    5,505,730

     

    $

    4,460,314

    Casey’s General Stores, Inc. and Subsidiaries

    Condensed Consolidated Statements of Cash Flows

    (Dollars in thousands)

    (Unaudited)

     

     

    Twelve months ended April 30,

     

    2022

     

    2021

    Cash flows from operating activities:

     

     

     

    Net income

    $

    339,790

     

     

    $

    312,900

     

    Adjustments to reconcile net income to net cash provided by operating activities:

     

     

     

    Depreciation and amortization

     

    303,541

     

     

     

    265,195

     

    Amortization of debt issuance costs

     

    2,527

     

     

     

    1,603

     

    Stock-based compensation

     

    37,976

     

     

     

    31,986

     

    (Gain) loss on disposal of assets and impairment charges

     

    (1,201

    )

     

     

    9,680

     

    Deferred income taxes

     

    82,721

     

     

     

    4,123

     

    Changes in assets and liabilities:

     

     

     

    Receivables

     

    (33,025

    )

     

     

    (26,278

    )

    Inventories

     

    (76,730

    )

     

     

    (50,342

    )

    Prepaid expenses

     

    (6,376

    )

     

     

    (1,413

    )

    Accounts payable

     

    165,893

     

     

     

    166,546

     

    Accrued expenses

     

    23,574

     

     

     

    65,497

     

    Income taxes

     

    (35,716

    )

     

     

    5,714

     

    Other, net

     

    (14,233

    )

     

     

    18,877

     

    Net cash provided by operating activities

     

    788,741

     

     

     

    804,088

     

    Cash flows from investing activities:

     

     

     

    Purchase of property and equipment

     

    (326,475

    )

     

     

    (441,252

    )

    Payments for acquisitions of businesses, net of cash acquired

     

    (901,638

    )

     

     

    (9,356

    )

    Proceeds from sales of property and equipment

     

    70,118

     

     

     

    6,268

     

    Net cash used in investing activities

     

    (1,157,995

    )

     

     

    (444,340

    )

    Cash flows from financing activities:

     

     

     

    Proceeds from long-term debt

     

    450,000

     

     

     

    650,000

     

    Repayments of long-term debt

     

    (188,537

    )

     

     

    (571,661

    )

    Payments of debt issuance costs

     

    (1,149

    )

     

     

    (5,525

    )

    Net payments of short-term debt

     

     

     

     

    (120,000

    )

    Proceeds from exercise of stock options

     

    133

     

     

     

    1,784

     

    Payments of cash dividends

     

    (51,212

    )

     

     

    (47,971

    )

    Tax withholdings on employee stock-based awards

     

    (17,648

    )

     

     

    (8,105

    )

    Net cash provided by (used in) financing activities

     

    191,587

     

     

     

    (101,478

    )

     

    Net (decrease) increase in cash and cash equivalents

     

    (177,667

    )

     

     

    258,270

     

    Cash and cash equivalents at beginning of the period

     

    336,545

     

     

     

    78,275

     

    Cash and cash equivalents at end of the period

    $

    158,878

     

     

    $

    336,545

     

    SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION

     

     

    Twelve months ended April 30,

     

    2022

     

    2021

    Cash paid during the period for:

     

     

     

    Interest, net of amount capitalized

    $

    54,499

     

    $

    48,508

    Income taxes, net

     

    49,565

     

     

    80,916

    Noncash investing and financing activities:

     

     

     

    Purchased property and equipment in accounts payable

     

    46,659

     

     

    9,204

    Summary by Category (Amounts in thousands)

    Three months ended April 30, 2022

    Fuel

     

    Grocery &
    General
    Merchandise

     

    Prepared Food
    & Dispensed
    Beverage

     

    Other

     

    Total

    Revenue

    $

    2,344,630

     

     

    $

    744,043

     

     

    $

    293,272

     

     

    $

    76,997

     

     

    $

    3,458,942

     

    Gross profit

    $

    224,637

     

     

    $

    242,065

     

     

    $

    166,975

     

     

    $

    23,066

     

     

    $

    656,743

     

     

     

    9.6

    %

     

     

    32.5

    %

     

     

    56.9

    %

     

     

    30.0

    %

     

     

    19.0

    %

    Fuel gallons sold

     

    621,118

     

     

     

     

     

     

     

     

     

    Three months ended April 30, 2021

     

     

     

     

     

     

     

     

     

    Revenue

    $

    1,445,119

     

     

    $

    649,822

     

     

    $

    263,542

     

     

    $

    19,753

     

     

    $

    2,378,236

     

    Gross profit

    $

    176,664

     

     

    $

    206,480

     

     

    $

    158,392

     

     

    $

    19,456

     

     

    $

    560,992

     

     

     

    12.2

    %

     

     

    31.8

    %

     

     

    60.1

    %

     

     

    98.5

    %

     

     

    23.6

    %

    Fuel gallons sold

     

    535,274

     

     

     

     

     

     

     

     

     

    Summary by Category (Amounts in thousands)

    Twelve months ended April 30, 2022

    Fuel

     

    Grocery &
    General
    Merchandise

     

    Prepared Food
    & Dispensed
    Beverage

     

    Other

     

    Total

    Revenue

    $

    8,312,038

     

     

    $

    3,141,527

     

     

    $

    1,204,100

     

     

    $

    294,929

     

     

    $

    12,952,594

     

    Gross profit

    $

    928,868

     

     

    $

    1,027,477

     

     

    $

    712,352

     

     

    $

    94,017

     

     

    $

    2,762,714

     

     

     

    11.2

    %

     

     

    32.7

    %

     

     

    59.2

    %

     

     

    31.9

    %

     

     

    21.3

    %

    Fuel gallons sold

     

    2,579,179

     

     

     

     

     

     

     

     

     

    Twelve months ended April 30, 2021

     

     

     

     

     

     

     

     

     

    Revenue

    $

    4,825,466

     

     

    $

    2,724,374

     

     

    $

    1,087,147

     

     

    $

    70,202

     

     

    $

    8,707,189

     

    Gross profit

    $

    761,247

     

     

    $

    872,573

     

     

    $

    653,689

     

     

    $

    68,926

     

     

    $

    2,356,435

     

     

     

    15.8

    %

     

     

    32.0

    %

     

     

    60.1

    %

     

     

    98.2

    %

     

     

    27.1

    %

    Fuel gallons sold

     

    2,180,772

     

     

     

     

     

     

     

     

     

    Fuel Gallons

     

    Fuel Margin

    Same-store Sales

    (Cents per gallon, excluding credit card fees)

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal
    Year

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal
    Year

    F2022

    9.0

    %

     

    2.5

    %

     

    5.7

    %

     

    1.5

    %

     

    4.4

    %

    F2022

    35.1

    ¢

     

    34.7

    ¢

     

    38.3

    ¢

     

    36.2

    ¢

     

    36.0

    ¢

    F2021

    (14.6

    )

     

    (8.6

    )

     

    (12.1

    )

     

    6.4

     

     

    (8.1

    )

    F2021

    38.2

     

     

    35.3

     

     

    32.9

     

     

    33.0

     

     

    34.9

     

    F2020

    (2.0

    )

     

    (1.8

    )

     

    (2.0

    )

     

    (14.7

    )

     

    (5.1

    )

    F2020

    24.4

     

     

    22.9

     

     

    21.7

     

     

    40.8

     

     

    26.8

     

    Grocery & General Merchandise

     

    Grocery & General Merchandise

    Same-store Sales

    Margin

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal
    Year

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal
    Year

    F2022

    7.0

    %

     

    6.8

    %

     

    7.7

    %

     

    4.3

    %

     

    6.3

    %

    F2022

    33.0

    %

     

    33.3

    %

     

    32.0

    %

     

    32.5

    %

     

    32.7

    %

    F2021

    3.6

     

     

    6.6

     

     

    5.4

     

     

    12.5

     

     

    6.6

     

    F2021

    32.2

     

     

    33.3

     

     

    30.7

     

     

    31.8

     

     

    32.0

     

    F2020

    3.2

     

     

    3.2

     

     

    3.5

     

     

    (2.0

    )

     

    1.9

     

    F2020

    31.3

     

     

    33.3

     

     

    32.9

     

     

    30.4

     

     

    32.0

     

    Prepared Food & Dispensed Beverage

     

    Prepared Food & Dispensed Beverage

    Same-store Sales

    Margin

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal
    Year

     

    Q1

     

    Q2

     

    Q3

     

    Q4

     

    Fiscal
    Year

    F2022

    10.8

    %

     

    4.1

    %

     

    7.4

    %

     

    7.6

    %

     

    7.4

    %

    F2022

    61.0

    %

     

    60.6

    %

     

    58.0

    %

     

    56.9

    %

     

    59.2

    %

    F2021

    (9.8

    )

     

    (3.6

    )

     

    (5.0

    )

     

    13.4

     

     

    (2.1

    )

    F2021

    59.7

     

     

    60.1

     

     

    60.6

     

     

    60.1

     

     

    60.1

     

    F2020

    1.6

     

     

    1.9

     

     

    2.8

     

     

    (13.5

    )

     

    (1.5

    )

    F2020

    62.2

     

     

    60.9

     

     

    60.2

     

     

    60.0

     

     

    60.9

     

    RECONCILIATION OF NET INCOME TO EBITDA AND ADJUSTED EBITDA

    We define EBITDA as net income before net interest expense, income taxes, depreciation and amortization. Adjusted EBITDA further adjusts EBITDA by excluding the gain or loss on disposal of assets as well as impairment charges. Neither EBITDA nor Adjusted EBITDA are considered GAAP measures, and should not be considered as a substitute for net income, cash flows from operating activities or other income or cash flow statement data. These measures have limitations as analytical tools, and should not be considered in isolation or as substitutes for analysis of our results as reported under GAAP. We strongly encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.

    We believe EBITDA and Adjusted EBITDA are useful to investors in evaluating our operating performance because securities analysts and other interested parties use such calculations as a measure of financial performance and debt service capabilities, and they are regularly used by the Company for internal purposes including our capital budgeting process, evaluating acquisition targets, assessing performance, and awarding incentive compensation.

    Because non-GAAP financial measures are not standardized, EBITDA and Adjusted EBITDA, as defined by us, may not be comparable to similarly titled measures reported by other companies. It therefore may not be possible to compare our use of these non-GAAP financial measures with those used by other companies.

    The following table contains a reconciliation of net income to EBITDA and Adjusted EBITDA for the three and twelve months ended April 30, 2022 and 2021:

    (In thousands)

    Three Months Ended April 30,

    Twelve Months Ended April 30,

     

    2022

     

    2021

    2022

     

    2021

    Net income

    $

    59,777

     

     

    $

    41,698

    $

    339,790

     

     

    $

    312,900

    Interest, net

     

    15,291

     

     

     

    11,168

     

    56,972

     

     

     

    46,679

    Depreciation and amortization

     

    77,866

     

     

     

    69,897

     

    303,541

     

     

     

    265,195

    Federal and state income taxes

     

    12,905

     

     

     

    11,921

     

    100,938

     

     

     

    94,470

    EBITDA

    $

    165,839

     

     

    $

    134,684

    $

    801,241

     

     

    $

    719,244

    (Gain) loss on disposal of assets and impairment charges

     

    (333

    )

     

     

    5,872

     

    (1,201

    )

     

     

    9,680

    Adjusted EBITDA

    $

    165,506

     

     

    $

    140,556

    $

    800,040

     

     

    $

    728,924

    NOTES:

    • Gross Profit or Margin is defined as revenue less cost of goods sold (exclusive of depreciation and amortization)
    • Inside is defined as the combination of Grocery and General Merchandise and Prepared Food and Dispensed Beverage

    This release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including those related to expectations for future periods, possible or assumed future results of operations, financial conditions, liquidity and related sources or needs, business and/or integration strategies, plans and synergies, supply chain, growth opportunities, performance at our stores. There are a number of known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from any results expressed or implied by these forward-looking statements, including but not limited to the execution of our strategic plan, the integration and financial performance of acquired stores, wholesale fuel, inventory and ingredient costs, distribution challenges and disruptions, the impact and duration of COVID-19 and related governmental actions, the impact and duration of the conflict in Ukraine or other geopolitical disruptions, as well as other risks, uncertainties and factors which are described in the Company’s most recent annual report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and Exchange Commission and available on our website. Any forward-looking statements contained in this release represent our current views as of the date of this release with respect to future events, and Casey’s disclaims any intention or obligation to update or revise any forward-looking statements in the release whether as a result of new information, future events, or otherwise.

    Corporate information is available at this website: https://www.caseys.com. Earnings will be reported during a conference call on June 8, 2022. The call will be broadcast live over the Internet at 7:30 a.m. CDT. To access the call, go to the Events and Presentations section of our website at https://investor.caseys.com/events-and-presentations/default.aspx. No access code is required. A webcast replay of the call will remain available in an archived format on the Events and Presentations section of our website at https://investor.caseys.com/events-and-presentations/default.aspx for one year after the call.



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    Casey's Announces Fourth Quarter Results Casey’s General Stores, Inc., ("Casey's" or the "Company") (Nasdaq symbol CASY) one of the leading convenience store chains in the United States, today announced financial results for the three months and year ended April 30, 2022. Fourth Quarter …