Casey`s General Stores (CASY)

Risks

• Our 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.
• Food-safety issues and food-borne 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.
• Pandemics or disease outbreaks, such as COVID-19, 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.
• A 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.
• We 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.
• Any 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.
• We 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.
• Increased credit card expenses could lead to higher operating expenses and other costs for the Company.
• Our operations present hazards and risks which may not be fully covered by insurance, if insured.
• The dangers inherent in the storage and transport of fuel could cause disruptions and could expose to us potentially significant losses, costs or liabilities.
• Consumer or other litigation could adversely affect our financial condition and results of operations.
• Covenants 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.
• 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.
• Wholesale cost and tax increases relating to tobacco and nicotine products could affect our operating results.
• 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.
• The convenience store industry is highly competitive.
• We may experience difficulties implementing and realizing the results of our long-term strategic plan.
• We may not be able to identify, acquire, and integrate new properties and stores, which could adversely affect our ability to grow our business.
• The 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.
• Any issuance of shares of our common stock in the future could have a dilutive effect on your investment.
• Iowa 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.