Casey's General Stores Inc. has reported its financial results for the fiscal year ended April 30, 2025. The company experienced an 8.9% increase in net income, rising by $44.5 million to reach $546.5 million compared to $502.0 million in fiscal 2024. This growth was primarily driven by higher profitability both inside the store and in fuel. However, the increase in net income was partially offset by higher operating expenses, depreciation and amortization, interest, net, and income tax expense. The company also highlighted that same-store labor hours were down year over year, marking twelve consecutive quarters of reduction. Additionally, the retail fuel industry, including Casey's, has maintained historically high average revenue less cost of goods sold per gallon, although this metric can fluctuate significantly in the short term. Casey's continues to progress with its implementation of an electric vehicle $(EV)$ strategy, indicating ongoing efforts to adapt to changing market dynamics and consumer preferences.
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