v3.26.1
Segment Reporting
 3 Months Ended
Jul. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
As of July 31, 2026, we operated 2,959 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 prepared food and dispensed beverage, grocery and general merchandise, and fuel 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,
20262025
Total revenue$5,678,336 $4,567,106 
Cost of goods sold (excluding depreciation and amortization, shown separately below)
Prepared food & dispensed beverage200,609 192,451 
Grocery & general merchandise827,123 785,900 
Fuel3,277,869 2,360,105 
Other (1)133,541 116,204 
Total cost of goods sold (excluding depreciation and amortization, shown separately below)4,439,142 3,454,660 
Operating expenses
Same-store employee expense311,935 276,234 
Same-store other expense169,140 134,658 
Same-store credit card fees expense81,992 62,562 
Non same-store operating expense29,074 69,243 
Other (2)161,970 155,479 
Total operating expenses754,111 698,176 
Depreciation & amortization115,994 108,963 
Interest, net22,059 26,850 
Income before income taxes347,030 278,457 
Federal and state income taxes73,310 63,102 
Net income$273,720 $215,355 
(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.