Caseys General Stores Inc (CASY)

Gross profit margin

Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020
Gross profit (ttm) US$ in thousands 2,826,383 3,624,456 3,498,411 3,425,413 3,347,911 3,237,590 3,188,529 3,113,910 3,072,406 3,041,396 2,968,429 2,875,077 2,762,714 2,666,963 2,542,649 2,456,819 2,356,435 2,320,514 2,277,196 2,202,501
Revenue (ttm) US$ in thousands 15,940,900 15,548,160 14,973,780 15,091,410 14,862,920 14,591,600 14,594,910 14,509,090 15,094,480 15,224,720 14,940,880 14,225,240 12,952,590 11,871,890 10,831,200 9,784,160 8,707,190 8,141,830 8,382,000 8,653,690
Gross profit margin 17.73% 23.31% 23.36% 22.70% 22.53% 22.19% 21.85% 21.46% 20.35% 19.98% 19.87% 20.21% 21.33% 22.46% 23.48% 25.11% 27.06% 28.50% 27.17% 25.45%

April 30, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,826,383K ÷ $15,940,900K
= 17.73%

The gross profit margin of Caseys General Stores Inc. exhibits notable fluctuations over the analyzed period from July 2020 to April 2025. Initially, the margin increased from 25.45% in July 2020 to reach a peak of 28.50% in January 2021, suggesting improved profitability relative to sales during that period. Following this peak, the margin experienced a downward trend, decreasing to 23.48% in October 2021 and continuing to decline through 2022, reaching a low of 19.87% in October 2022. This sustained decline indicates a reduction in gross profit relative to sales, potentially reflecting increased cost pressures, competitive challenges, or changes in product mix.

Starting from late 2022, the margin begins to stabilize and show signs of recovery, with modest increases observed through 2023. By October 2023, the gross profit margin is recorded at 21.85%, and it continues to improve into 2024, reaching 22.53% in April 2024 and further rising to 23.36% by October 2024. The upward trend suggests a potential turnaround in the company’s gross profitability, possibly due to better management of cost of goods sold or pricing strategies.

However, the margin experienced a significant decline again in the first quarter of 2025, dropping sharply to 17.73% in April 2025. This substantial decrease could point to intensified cost pressures, pricing competitors’ actions, or other factors affecting gross profit relative to sales at that time.

Overall, the gross profit margin displays periods of volatility and reflects the company's evolving ability to manage its direct costs relative to revenues, with periods of both expansion and contraction over the analyzed timetable.