Casey's

Expansion Store Count April 30, 2025 2,904 New store construction 5 Acquisitions 2 Prior acquisitions opened 1 Closed or divested (17) July 31, 2025 2,895 Liquidity At July 31, 2025, the Company had approximately $1.4 billion in available liquidity, consisting of approximately $458 million in cash and cash equivalents on hand and approximately $900 million in available borrowing capacity on existing lines of credit.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

Share Repurchase During the quarter, the Company repurchased approximately $31 million of shares.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

The Company has approximately $264 million remaining under its existing share repurchase authorization.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

Dividend At its September meeting, the Board of Directors approved a quarterly dividend of $0.57 per share.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

The dividend is payable November 14, 2025, to shareholders of record on November 1, 2025.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

We believe EBITDA is useful to investors in evaluating our operating performance because securities analysts and other interested parties use this calculation as a measure of financial performance and debt service capabilities, and it is regularly used by management for internal purposes including our capital budgeting process, evaluating acquisition targets, assessing performance, and awarding incentive compensation.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

Expansion Store Count April 30, 2025 2,904 New store construction 5 Acquisitions 2 Prior acquisitions opened 1 Closed or divested (17) July 31, 2025 2,895 Liquidity At July 31, 2025, the Company had approximately $1.4 billion in available liquidity, consisting of approximately $458 million in cash and cash equivalents on hand and approximately $900 million in available borrowing capacity on existing lines of credit.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

The Company expects to open at least 80 stores in fiscal 2026, through a mix of M A and new store construction, bringing the three-year strategic plan period total to approximately 500 stores.

SEC original ↗Casey's — Earnings release (8-K exhibit)EX-99Sep 8, 2025

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.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

The following table represents the roll forward of store count through the first quarter of fiscal 2027: Store Count Stores at April 30, 2026 2,944 New store construction 9 Acquisitions 12 Closed or divested (6) Stores at July 31, 2026 2,959 14 Table of Contents Electric Vehicles and Renewable Fuels Casey's continues to implement our electric vehicle ("EV") strategy and our management team remains committed to understanding how the increased demand for, and usage of, EVs impacts consumer behavior across our store footprint and beyond.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

Our EV growth strategy is currently designed to selectively increase our charging stations at locations within our region where we see higher levels of consumer EV buying trends and demand for EV charging.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

Legal Proceedings 22 Item 1A.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

While the outcome of such litigation, proceedings, investigations, or claims is never certain, it is our opinion, after taking into consideration legal counsel s assessment and the availability of insurance proceeds and other collateral sources to cover potential losses, that the ultimate disposition of such matters currently pending or threatened, individually or cumulatively, will not have a material adverse effect on our consolidated financial position and results of operations.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

The Company is named as a defendant in two lawsuits alleging that it misclassified its Store Managers as exempt employees under the Fair Labor Standards Act (FLSA) - White (f/k/a McColley) v.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

Future capital needs required to finance operations, improvements and the anticipated growth in the number of stores are expected to be met from cash generated by operations, the Revolving Facility, the Bank Line, and additional long-term debt or other securities as circumstances may dictate, and are not expected to adversely affect liquidity.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

Governmental Actions, Regulations, and Oversight : Compliance with and changes in tax laws could adversely affect our performance; we are subject to extensive governmental regulations; governmental action and campaigns to discourage tobacco and nicotine use and other tobacco products may have a material adverse effect on our revenues and gross profit; and, wholesale cost and tax increases relating to tobacco and nicotine products could affect our operating results.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026

Industry : General economic and political conditions that are largely out of the Company s control may adversely affect the Company s financial condition and results of operations; developments related to fuel efficiency, fuel conservation practices, climate change, and changing consumer preferences may decrease the demand for motor fuel; unfavorable weather conditions can adversely affect our business; the volatility of wholesale petroleum costs could adversely affect our operating results; and, the convenience store industry is highly competitive.

SEC original ↗Casey's — 10-Q Quarterly report10-QSep 8, 2026