Caseys General Stores (CASY) risk factors, FY2025 10-K

Risks Related to Our Business Operations

1. 01Our business and our reputation could be adversely affected by a cyber or data security incident or the failure to protect sensitive guest, Team Member or supplier data, or the failure to comply with applicable regulations relating to data security and privacy
2. 02Food-safety issues and foodborne illnesses, whether actual or reported, or the failure to comply with applicable regulations relating to the transportation, storage, preparation or service of food, could adversely affect our business and reputation
3. 03We may be adversely impacted by increases in the cost of food ingredients and other related costs
4. 04A significant disruption to our distribution network, to the capacity of the distribution centers, or timely receipt of inventory could adversely impact our sales or increase our transaction costs, which could have a material adverse effect on our business
5. 05We could be adversely affected if we experience difficulties in, or are unable to recruit, hire or retain, members of our leadership team and other distribution, field and store Team Members
6. 06Any failure to anticipate and respond to changes in consumer preferences, or to introduce and promote innovative technology for guest interaction, could adversely affect our financial results
7. 07We rely on our information technology systems, and a number of third-party software providers, to manage numerous aspects of our business, and a disruption of these systems could adversely affect our business
8. 08Increased credit card expenses could lead to higher operating expenses and other costs for the Company
9. 09Our operations present hazards and risks which may not be fully covered by insurance, if insured
10. 10The dangers inherent in the storage and transport of fuel could cause disruptions and could expose to us potentially significant losses, costs or liabilities
11. 11Consumer or other litigation could adversely affect our financial condition and results of operations
12. 12Pandemics or disease outbreaks, responsive actions taken by governments and others to mitigate their spread, and guest behavior in response to these events, have, and may in the future, adversely affect our business operations, supply chain and financial results
13. 13Covenants in our Senior Notes and credit facility agreements require us to comply with certain covenants and meet financial maintenance tests. Failure to comply with these requirements could have a material impact to us

Risks Related to Governmental Actions, Regulations, and Oversight

1. 14Compliance with and changes in tax laws could adversely affect our performance
2. 15We are subject to extensive governmental regulations
3. 16Governmental 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
4. 17Wholesale cost and tax increases relating to tobacco and nicotine products could affect our operating results

Risks Related to Our Industry

1. 18General 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
2. 19Developments related to fuel efficiency, fuel conservation practices, climate change, and changing consumer preferences may decrease the demand for motor fuel
3. 20Unfavorable weather conditions can adversely affect our business
4. 21The volatility of wholesale petroleum costs could adversely affect our operating results
5. 22The convenience store industry is highly competitive

Risks Related to Our Growth Strategies

1. 23We may not be able to identify, acquire, and integrate new properties and stores, which could adversely affect our ability to grow our business

Risks Relating to Our Common Stock

1. 24The market price for our common stock has been and may in the future be volatile, which could cause the value of your investment to decline
2. 25Any issuance of shares of our common stock in the future could have a dilutive effect on your investment
3. 26Iowa law and provisions in our charter documents may have the effect of preventing or hindering a change in control and adversely affecting the market price of our common stock