HIGHBuilt-inProduct / Revenue mix
61.3%
retail fuel
“10-K Item 1: 'Total retail fuel revenue ... Percentage of total revenue| 61.3 | %|'”
CASY · Concentration risk · 10-K extracted
Caseys General Stores (CASY) concentration risks
Updated
The most significant concentration Caseys General Stores discloses is retail fuel at 61.3%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Caseys General Stores’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 5 disclosed concentrations
HIGH2
MEDIUM2
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single supplier for certain products
“10-K Item 1A: 'In addition, we may have a single supplier or limited number of suppliers for certain products.'”
MEDIUMBuilt-inProduct / Revenue mix
34%
prepared food, dispensed beverage, grocery and general merchandise
“10-K Item 1: 'retail sales of prepared food and dispensed beverage and grocery and general merchandise items have generated about 34% of our total revenue'”
MEDIUMOutside partyCommodity
cheese
“10-K Item 1A: 'Cheese, representing our largest food cost, and other commodities can be subject to significant cost fluctuations due to weather, availability, global demand and other factors that are beyond our control.'”
LOWBuilt-inProduct / Revenue mix
9%
tobacco and nicotine products
“10-K Item 1A: 'Sales of tobacco and nicotine products have averaged approximately 9% of our total revenue over the past three fiscal years'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-08-23Casey's General Stores shows a layered but largely structural concentration profile. Retail fuel represents 61.3% of total revenue, a high-share structural feature reflecting the convenience-store fuel model rather than a fragile dependency. On the supply side, the company discloses that it may rely on a single supplier or limited number of suppliers for certain products, a high-share dependency where a disruption at one supplier could meaningfully affect operations, though the specific products aren't named. In-store sales are more diversified: prepared food, dispensed beverage, grocery, and general merchandise generate about 34% of total revenue, a medium-share structural contributor, while cheese — the company's largest single food cost — is called out as a commodity subject to significant cost swings from weather, availability, and global demand, a medium-share dependency on input pricing rather than a customer or supplier relationship. Tobacco and nicotine products round out the picture at approximately 9% of total revenue over the past three fiscal years, a low-share structural line. Netting these out, the fuel margin and the single-supplier risk noted in the filing are the two exposures most capable of moving results quickly, while in-store merchandise, cheese costs, and tobacco are smaller, more diversified contributors.
For the engine’s reasoning on CASY’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CASY● | Caseys General Stores, Inc. | 2 | 2 | 1 | 5 |
| ARKO | ARKO Corp. | 1 | 2 | 0 | 3 |
| BBWI | Bath & Body Works, Inc. | 0 | 3 | 1 | 4 |
| ARHS | Arhaus, Inc. | 0 | 1 | 1 | 2 |
| ASO | Academy Sports and Outdoors, In | 0 | 1 | 0 | 1 |
| BBW | Build-A-Bear Workshop, Inc. | 0 | 1 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.