Casey’s General Stores Inc 2024年度报告

FINANCIALHIGHLIGHTS 20242025Total Revenue(in Thousands)$14,862,913$15,940,899Cash Flow from Operations(in Thousands)$892,953$1,090,854Net Income(in Thousands)$501,972$546,520EBITDA*(in Thousands)$1,059,398$1,200,047EPS (Diluted)$13.43$14.64Number of Stores2,6582,904 *EBITDA is a non-GAAP measure which we define as net income before net interest expense,income taxes, depreciations and amortization. See pages 22-23 of the Form 10-K, as included,for a reconciliation of EBITDA to net income. TO OURSHAREHOLDERS Fiscal year 2025 was another exciting chapter forCasey’s. We recently completed year two of ourcurrent three-year strategic plan. The Companycontinues to over deliver on our 8-10% EBITDAgrowth commitment and has generated significantshareholder value as we enter into the final year ofthe plan. One of the pillars of the strategic plan is to growthe number of stores. In fiscal 2025, we executedthe largest transaction in the Company’s historywith the acquisition of Fikes Wholesale and its 198CEFCO stores. This acquisition expanded ourfootprint in Texas, while also expanding into otherareas in the south. With this transaction, we raisedour goal from 350 to 500 new units over thestrategic plan period, and we are excited about thegrowth opportunities that lie ahead for Casey’s.This acquisition highlights our ability to operate thebusiness at a high level while also integrating asignificant acquisition. Inside the store we remain focused on acceleratingthe food business. We now have over 9 millionCasey’s Rewards members, and those guestsgravitate towards our made-from-scratch pizza.We also upgraded our coffee program with ourDarn Good Coffee blends. In the Des Moinesmarket, we are piloting chicken wings and fries.We remain very focused on product innovation and DARREN REBELEZBoard Chair, President &Chief Executive Officer meeting guest needs. Our success shows up in thefinancial results as well, as inside same-store saleswere up 2.6%, paced by a 3.5% increase in preparedfood and dispensed beverage same-store sales.Grocery and general merchandise also performedwell during the year, with same-store sales up 2.3%.Non-alcoholic and alcoholic beverages, specificallyenergy drinks, continue to perform well. Ourprivate-label program remains an importantpart of the assortment, which also enablesmargin expansion in the category.Grocerywell durNon-alcenergy dprivate-part of tmargin e With fuel, we believe we are taking market sharein our geography while recording a strong fuelmargin of 38.7 cents per gallon. The fuel teamhas done an excellent job balancing volume whilemaximizing gross profit dollars.With fuein our gemargin ohas donmaximiz Operational efficiency continues to drive thebusiness as well. For the third consecutive fiscalyear we have reduced same-store labor hours.Our operational excellence team continues toidentify non-value added processes and discoversinnovative ways to simplify the store, making thejob easier on our team members so they can focuson providing great service for our guests. This isnot lost on our guests and team members, as bothguest satisfaction and team member engagementscores have increased, and turnover has improved.Operatibusinessyear weOur opeidentifyinnovatijob easieon provnot lostguest sascores h Executing our strategy, with great buy-in and hardwork from our team members, is resulting in strongfinancial results. Net income and EBITDA were up8.9% and 13.3%, respectively, outpacing the rangeof our strategic plan’s 8%-10% EBITDA CAGR. Wedid all of this while increasing the dividend for the26th consecutive year and maintaining a strongbalance sheet.y, with great buy-in and hardmembers, is resulting in strongncome and EBITDA were upncome and EBITDA were up As we look forward to fiscal 2026 and beyond, weare focused on finishing the strategic plan on ahigh note. We are grateful for your support andare excited about our track record of deliveringlong-term shareholder value. Thank you for yourinvestment in Casey’s. DARREN REBELEZBoard Chair, President & Chief Executive Officer EXTENDEDLEADERSHIP TEAM 2 1 BRIAN JOHNSONSVP, Business Development,and Investor Relations SANJEEV SATTURUSVP, Chief InformationOfficer KENDRA MEYERVP, Real Estate TIM AHRENDSENSVP, Operations Excellence KORY ROSSVP, Accounting SAM JAMESVP, Procurementand Sourcing SCOTT FABERVP, Deputy GC & Corp. Sec. STEVEN ROBINSVP, Finance JON HOSTASAVP, Const, Maint& Facilities CHAD FRAZELL*Chief Human Resources Officer PIERRE HAKIMVP, Data & Analytics JAY SOUPENESVP & Head of CEFCO CHRIS BOLINGSVP, Store Operations KATRINA LINDSEY*Chief Legal Officer VP, Chief Info.Security Officer DAVE JOHNSONDivision VP, StoreOperations STEVE BRAMLAGE*Chief Financial Officer DARREN REBELEZ*President and CEO KURT HASSONVP, IT Engineering ANNIE ALABAUGHDivision VP, Store Operations CARRIE STOJACKVP, Brand Insights DOUG MEANSSVP, Supply Chain & Efficiency MARK STINDEVP, Asset Protection CHRIS STEWARTVP, Merchand