Casey’s General Stores：2025年季度报告

FORM10-Q For the quarterly period endedJuly31, 2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-34700 CASEY’S GENERAL STORES, INC. (Exact name of registrant as specified in its charter) 42-0935283(I.R.S. EmployerIdentification Number) Iowa(State or other jurisdiction ofincorporation or organization) One SE Convenience Blvd.,Ankeny,Iowa(Address of principal executive offices) 50021(Zip Code) (515)965-6100(Registrant’s telephone number, including area code) Securities Registered pursuant to Section12(b) of the Act Securities Registered pursuant to Section12(g) of the Act NONE Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oran emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growthcompany" in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Acceleratedfiler☐Non-accelerated filerSmaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicated by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. Outstanding at September 3, 202537,181,263shares CASEY’S GENERAL STORES, INC. INDEX PARTIFINANCIAL INFORMATIONItem 1.Condensed Consolidated Financial StatementsCondensed consolidated balance sheets---as of July 31, 2025 and April 30, 2025(unaudited)4Condensed consolidated statements of income---threemonths endedJuly 31, 2025and 2024 (unaudited)5Condensed consolidated statementsof shareholders' equity---threemonths endedJuly 31, 2025and 2024(unaudited)6Condensed consolidated statements of cash flows---threemonths endedJuly 31, 2025and 2024(unaudited)7Notes to unaudited condensed consolidated financial statements9Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations14Item 3.Quantitative and Qualitative Disclosures about Market Risk21Item 4.Controls and Procedures21PARTIIOTHER INFORMATIONItem 1.Legal Proceedings21Item1A.Risk Factors21Item 2Unregistered Sales of Equity Securities and Use of Proceeds22Item 6.Exhibits23SIGNATURE24 PART I—FINANCIAL INFORMATION CASEY’S GENERAL STORES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited)(DOLLARS IN THOUSANDS) CASEY’S GENERAL STORES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME(Unaudited)(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) CASEY’S GENERAL STORES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(Unaudited)(AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) CASEY’S GENERAL STORES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(DOLLARS IN THOUSANDS) CASEY’S GENERAL STORES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited)(Continued)(DOLLARS IN THOUSANDS) SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION Three months ended July 31,20252024Cash paid during the period for:Interest, net of amount capitalized$26,896$11,845Income taxes, net10,050— See notes to unaudited condensed consolidated financial statements. CASEY’S GENERAL STORES, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATEDFINANCIAL STATEMENTS (Dollars in Thousands, Except Share and Per Share Amounts) 1.Presentation of Financial Statements As of July31, 2025, Casey’s General Stores, Inc. and its subsidiaries (hereinafter referred to as the "Company" or "Casey’s")operate2,895convenience stores in19states, primarily in the Midwest. Many of the stores are located in smaller communities,often with populations of less than20,000. The accompanying condensed consolidated financial statements include the accounts and transactions of Casey's GeneralStores, Inc. and its direct and indirect wholly-owned subsidiaries. All material intercompany balances and transactions havebeen