Exhibit

Ankeny, IA, June 12, 2018 - Casey’s General Stores, Inc. (Nasdaq symbol CASY) today reported diluted earnings per share of $8.34 (inclusive of the one-time impact of $4.53 per share related to the adoption of the Tax Cuts and Jobs Act) for the year ended April 30, 2018 compared to $4.48 for the same period last year. For the fourth quarter of fiscal 2018, diluted earnings per share were $0.51 versus $0.76 for the same period a year ago. "A suppressed fuel margin and challenging weather had an adverse impact on fourth quarter results, however we believe we are taking market share in most categories. The 53 new stores we opened in the fourth quarter, combined with increased promotional activity and normalized weather throughout our region has us off to an encouraging start to fiscal 2019," said Terry Handley, President and CEO.

Fuel - For the year, same-store gallons sold were up 2.3% with an average margin of 18.5 cents per gallon. For the quarter, same-store gallons increased 2.0% with an average margin of 16.3 cents per gallon. "Same-store gallons sold remained strong in the fourth quarter, outpacing miles driven trends in our region signaling an increase in our market share," stated Handley. "However, a rising wholesale cost environment in the fourth quarter resulted in the lowest quarterly fuel margin since fiscal 2014." For fiscal 2018, total gallons sold were up 6.6% to 2.2 billion. Gross profit dollars for the year were up 7.5% to $406.8 million, primarily due to an increase in gallons sold.

Grocery and Other Merchandise - For the year, same-store sales were up 1.9% with an average margin of 31.8%. For the fourth quarter, same-store sales were down 0.4% with an average margin of 31.2%. "The combination of weather and a management decision to reduce 24 hour locations unfavorably impacted the quarterly same-store sales in the fourth quarter," said Handley. "Even with these factors in play, industry data shows that we continue to gain market share in this category." For the year, total sales were up 4.6% to $2.2 billion and gross profit dollars increased 5.5% to $693.6 million.

Prepared Food and Fountain - For the year, same-store sales were up 1.7% with an average margin of 61.0%. For the fourth quarter, same-store sales were down 1.3% with an average margin of 59.7%. "We strategically reduced the number of pizza delivery nights across our chain in the fourth quarter," stated Handley. "The combination of weather, and the 24-hour and pizza delivery adjustments negatively impacted same-store sales. However, the decrease in overall hours at these stores positively impacted store level profits through the reduction in operating

Operating Expenses - For the fiscal year, operating expenses increased 9.4% to $1.3 billion. For the fourth quarter, operating expenses were up 7.9% from the same time period a year ago. Fourth quarter operating expenses were impacted by the following items:

Expansion - For the fiscal year, the Company built and opened 85 new stores, acquired 26 stores, completed 30 replacements, and remodeled 74 stores. As of April 30, 2018, there were 31 new stores, four replacement stores, and three major remodel stores under construction. "We are excited to have opened our first store in the state of Michigan in April," stated Handley. "We're also encouraged by the number of conversations we're having on potential acquisitions. Currently, we have 11 acquisition stores under agreement to purchase, and are actively pursuing additional acquisition opportunities in a disciplined manner."

Share Repurchase Program - From its inception on March 9, 2017, through the end of the fourth quarter of fiscal 2018, the Company repurchased 2,441,600 shares of its common stock under its open market share repurchase program for approximately $264.8 million, or an average price of $108.46 per share. As of April 30, 2018, the Company had a total remaining authorized amount for share repurchases of $35.2 million on its initial $300 million authorization, which was completed in May 2018. In addition, in March 2018, the Board of Directors authorized a new $300 million share repurchase program through fiscal year 2020.

Fiscal 2019 Guidance - The corporate performance guidance for fiscal 2019 is as follows:



	Same-store Sales		Average Margin
Fuel (Gallons and CPG)		1.5 - 3.0%		18.5 - 20.5
Grocery and Other Merchandise		1.5 - 3.0%		31.5 - 32.5%
Prepared Food and Fountain		1.5 - 3.5%		60.0 - 62.0%

		Other Guidance
Operating Expenses (including expenses from value creation plan)		8.5% - 10.5%
Depreciation and Amortization		14.0 - 16.0%
New Store Construction		60 stores
Acquisitions		20+ stores

Dividend - For the last 18 years, the Company has increased its annual dividend to shareholders. At its June meeting, the Board of Directors increased the quarterly dividend from $.26 to $.29 per share. The dividend is payable August 15^th to shareholders of record on August 1^st, 2018.



	Three Months Ended April 30,				Twelve Months Ended April 30,
	2018			2017	2018			2017
Total revenue	$	2,089,037		1,846,460	$	8,391,124		7,506,587
Cost of goods sold (exclusive of depreciation and amortization, shown separately below)	1,683,922			1,448,241	6,621,731			5,825,426
Operating expenses	315,809			292,590	1,283,046			1,172,328
Depreciation and amortization	57,402			51,947	220,970			197,629
Interest, net	13,119			10,362	50,940			41,536
Income before income taxes	18,785			43,320	214,437			269,668
Federal and state income taxes	(477		)	13,242	(103,466		)	92,183
Net income	$	19,262		30,078	$	317,903		177,485
Net income per common share
Basic	$	0.52		0.77	$	8.41		4.54
Diluted	$	0.51		0.76	$	8.34		4.48
Basic weighted average shares	37,298,281			38,985,738	37,778,304			39,124,665
Plus effect of stock compensation	353,010			450,073	353,795			454,333
Diluted weighted average shares	37,651,291			39,435,811	38,132,099			39,578,998



	April 30, 2018		April 30, 2017
Assets
Current assets
Cash and cash equivalents	$	53,679	$	76,717
Receivables	45,045		43,244
Inventories	241,668		201,644
Prepaid expenses	5,766		9,179
Income tax receivable	43,776		19,901
Total current assets	389,934		350,685
Other assets, net of amortization	29,909		23,453
Goodwill	140,258		132,806
Property and equipment, net of accumulated depreciation	2,902,920		2,513,158
Total assets	$	3,463,021	$	3,020,102
Liabilities and Shareholders’ Equity
Current liabilities
Notes payable to bank	$	39,600	$	900
Current maturities of long-term debt	15,374		15,421
Accounts payable	321,419		293,903
Accrued expenses	151,205		136,322
Total current liabilities	527,598		446,546
Long-term debt, net of current maturities	1,291,725		907,356
Deferred income taxes	335,040		440,124
Deferred compensation	15,928		15,784
Other long-term liabilities	21,589		19,672
Total liabilities	2,191,880		1,829,482
Total shareholders’ equity	1,271,141		1,190,620
Total liabilities and shareholders’ equity	$	3,463,021	$	3,020,102

Certain statements in this news release, including any discussion of management expectations for future periods, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied by those statements. Casey’s disclaims any intention or obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.



Summary by Category (Amounts in thousands)
Three months ended 4/30/2018	Fuel			Grocery & Other Merchandise			Prepared Food & Fountain			Other			Total
Revenue	$	1,321,417		$	511,834		$	241,163		$	14,623		$	2,089,037
Revenue less cost of goods sold (exclusive of depreciation and amortization)	$	86,640		$	159,929		$	143,949		$	14,597		$	405,115
Margin	6.6		%	31.2		%	59.7		%	99.8		%	19.4		%
Fuel gallons	532,196
Three months ended 4/30/2017
Revenue	$	1,099,743		$	500,068		$	233,150		$	13,499		$	1,846,460
Gross profit	$	85,592		$	155,374		$	143,774		$	13,479		$	398,219
Margin	7.8		%	31.1		%	61.7		%	99.9		%	21.6		%
Fuel gallons	496,492



Summary by Category (Amounts in thousands)
Twelve months ended 4/30/2018	Fuel			Grocery & Other Merchandise			Prepared Food & Fountain			Other			Total
Revenue	$	5,145,988		$	2,184,147		$	1,005,621		$	55,368		$	8,391,124
Revenue less cost of goods sold (exclusive of depreciation and amortization)	$	406,811		$	693,576		$	613,736		$	55,270		$	1,769,393
Margin	7.9		%	31.8		%	61.0		%	99.8		%	21.1		%
Fuel gallons	2,198,600
Twelve months ended 4/30/2017
Revenue	$	4,414,128		$	2,087,349		$	953,430		$	51,680		$	7,506,587
Gross profit	$	378,347		$	657,190		$	594,024		$	51,600		$	1,681,161
Margin	8.6		%	31.5		%	62.3		%	99.8		%	22.4		%
Fuel gallons	2,061,794



Fuel Gallons											Fuel Margin
Same-store Sales Growth											(Cents per gallon, excluding credit card fees)
	Q1		Q2		Q3		Q4		Fiscal Year			Q1			Q2			Q3			Q4			Fiscal Year
F2018	1.7	%	1.9	%	3.8	%	2.0	%	2.3	%	F2018		19.3	¢		19.7	¢		18.6	¢		16.3	¢		18.5	¢
F2017	3.1		3.7		2.6		(0.5	)	2.1		F2017	19.5			18.6			17.9			17.2			18.4
F2016	3.4		3.3		1.6		4.6		3.0		F2016	17.5			24.7			18.1			17.8			19.6



Grocery & Other Merchandise											Grocery & Other Merchandise
Same-store Sales Growth											Margin
	Q1		Q2		Q3		Q4		Fiscal Year			Q1		Q2		Q3		Q4		Fiscal Year
F2018	3.1	%	2.5	%	2.5	%	(0.4	)%	1.9	%	F2018	31.9	%	32.0	%	31.9	%	31.2	%	31.8	%
F2017	4.7		3.1		3.0		1.5		2.9		F2017	31.6		32.0		31.1		31.1		31.5
F2016	7.0		7.5		7.1		7.4		7.1		F2016	32.6		31.5		31.2		32.1		31.9



Prepared Food & Fountain											Prepared Food & Fountain
Same-store Sales Growth											Margin
	Q1		Q2		Q3		Q4		Fiscal Year			Q1		Q2		Q3		Q4		Fiscal Year
F2018	3.7	%	2.1	%	1.7	%	(1.3	)%	1.7	%	F2018	62.5	%	61.3	%	60.5	%	59.7	%	61.0	%
F2017	5.1		5.1		5.8		3.2		4.8		F2017	62.8		62.9		61.7		61.7		62.3
F2016	10.3		9.4		6.0		8.2		8.4		F2016	62.5		63.4		62.0		61.9		62.5

Corporate information is available at this website: https://www.caseys.com. Earnings will be reported during a conference call on June 12, 2018. The call will be broadcast live over the Internet at 9:30 a.m. CST. To access the call, go to the Press Releases and Webcasts section of our website at https://www.caseys.com/investor-relations/press-releases-and-webcasts. No access code is required. A webcast replay of the call will remain available in an archived format on the Press Releases and Webcasts section of our website at https://www.caseys.com/investor-relations/press-releases-and-webcasts until June 12, 2022.




NEWS RELEASE FOR IMMEDIATE RELEASE
Casey’s General Stores, Inc. One Convenience Blvd. Ankeny, IA 50021		Nasdaq Symbol CASY CONTACT Bill Walljasper (515) 965-6505


•	Completed the initial $300 million share repurchase authorization


•	Increased quarterly dividend 12%, which represents the 18th straight year of increase


•	Finalized a contract with a partner for our fleet card program


•	Identified platforms for fuel and inside price optimization


•	Completed startup and design phase of digital transformation


•	Streamlined current mobile app and online ordering capabilities


•	Generating store level profit improvements from strategic reductions of 24-hour and pizza delivery locations


•	Health insurance expense increased $4.5 million, primarily due to an increase in the number and severity of claims.


•	Credit card fees and fuel expense combined increased $4.4 million, primarily due to a 12.1% increase in retail fuel prices.


•	Hired a Chief Marketing Officer


•	Snow removal costs increased $1.2 million, due to inclement weather.


•	The Company incurred $1.6 million in consulting fees related to the execution of the value creation plan.