<SEC-DOCUMENT>0001839882-23-007894.txt : 20230510
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<ACCEPTANCE-DATETIME>20230329170907
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001839882-23-007894
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230329

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CASEYS GENERAL STORES INC
		CENTRAL INDEX KEY:			0000726958
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				420935283
		STATE OF INCORPORATION:			IA
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 3001
		CITY:			ANKENY
		STATE:			IA
		ZIP:			50021
		BUSINESS PHONE:		515-965-6100

	MAIL ADDRESS:	
		STREET 1:		PO BOX 3001
		CITY:			ANKENY
		STATE:			IA
		ZIP:			50021
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white">Casey&rsquo;s General Stores,
Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white">One SE Convenience Blvd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white">Ankeny, IA 50021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; background-color: white">March 29, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; background-color: white"><B><U>Via EDGAR Correspondence</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">United States Securities
and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Division of Corporation Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Office of Trade &amp; Services</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>

<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attention:</font></td><TD STYLE="padding-left: 2.4pt; font: 10pt Times New Roman, Times, Serif"><font style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mr.&nbsp;Patrick
Kuhn</td></tr><tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in">&nbsp;</td><TD STYLE="padding-left: 2.4pt; font: 10pt Times New Roman, Times, Serif">Mr. Doug Jones</td></tr>
                                                                                                      </table>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">Washington, D.C. 20549-4561</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD>Casey&rsquo;s General Stores, Inc.<BR>
Form 10-K for Fiscal Year Ended April 30, 2022<BR>
Filed June 24, 2022<BR>
File No. 001-34700</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Dear Mr. Kuhn and Mr. Jones,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; background-color: white">Casey&rsquo;s General
Stores, Inc., an Iowa corporation (the &ldquo;Company,&rdquo; &ldquo;Casey&rsquo;s,&rdquo; &ldquo;we&rdquo; or &ldquo;us&rdquo;), responds
below to the comments of the Staff of the Division of Corporation Finance (the &ldquo;Staff&rdquo;) of the Securities and Exchange Commission
(the &ldquo;SEC&rdquo;), with respect to the Company&rsquo;s Annual Report on Form 10-K for the fiscal year ended April 30, 2022 (the
&ldquo;Form 10-K&rdquo;) filed on June 24, 2022&nbsp;(File No.&nbsp;001-34700), contained in your comment letter dated February 10, 2023
and March 16, 2023 (the &ldquo;Comment Letter&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: justify; background-color: white">For convenience of
reference, each Staff comment contained in the Comment Letter dated March 16, 2023, is reprinted below in italics, numbered to correspond
with the paragraph number assigned in the Comment Letter and is followed by the corresponding response of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px; text-align: justify; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B><U>Form 10-K for Fiscal Year Ended April
30, 2022</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B><U>Management&rsquo;s Discussion and Analysis
of Financial Condition and Results of Operations Liquidity and Capital Resources, page 25</U></B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">1.</FONT></TD><TD><FONT STYLE="font-size: 10pt"><I>We note your response to comment 1 and your proposed revised disclosure. We note therein the references
to depreciation, amortization and deferred income taxes as factors contributing to the change in operating cash. Note these are noncash
factors that do not affect cash. In regard to your disclosure in the Form 10-Q for the quarterly period ended January 31, 2023, we note
the material change between periods in income taxes presented in the operating and supplemental sections of the statement of cash flows
but did not note inclusion in your analysis of the impact of income taxes on operating cash flows. Note the requirement within Item 303(b)
of Regulation S-K to describe the underlying reasons for material changes from period to period reflected in the financial statements,
including where material changes within a line item offset one another. Please consider these items in your disclosures.</I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <B><U>Response</U>:</B></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">The Company respectfully
acknowledges the Staff&rsquo;s comment. In response, the Company will enhance its disclosure in future filings, beginning with the Company&rsquo;s
Annual Report on Form 10-K for the year ending April 30, 2023, as appropriate. The Company will include disclosure consistent with our
response on March 3, 2023 and will provide information regarding period over period variances in operating cash to the extent it is material
to changes in our cash flow statement. The Company also respectfully acknowledges the Staff&rsquo;s comment regarding noncash factors
that do not affect cash and in future filings will revise its disclosure to ensure discussion around noncash factors is appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-decoration: none"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Notes to Consolidated Financial Statements</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Note 1. Significant Accounting Policies</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><U>Inventories, page 38</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-decoration: none"><B>&nbsp;</B></FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt"><I>2.</I></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><I>We note your proposed revisions in response to comment 3. Please further
expand your disclosure to discuss how you determine the value of RINs at the time transferred and recorded in cost of goods sold. </I></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><B><U>Response</U>: </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">In response to the Staff&rsquo;s
comment, the Company will expand the proposed revisions to explicitly address how the Company determined the value of RINs at the time
transferred and recorded in cost of goods sold. Specifically, the Company&rsquo;s disclosure will be consistent with the example presented
below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">Renewable identification numbers
(&ldquo;RINs&rdquo;) are assigned to gallons of renewable fuels produced and are used to track compliance with the renewable fuel standard.
At times, we purchase fuel components (ethanol, gasoline, biodiesel or diesel) and blend those components into a finished product in a
fuel truck. This process enables the Company to take title to the RIN assigned to each gallon of ethanol or biodiesel produced. RINs are
recorded as a reduction in cost of goods sold at the contracted sales price, in the period when the Company transfers the RIN. The Company
does not record inventories on the balance sheet related to RINs, as they are acquired at no cost to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0px; text-align: justify; background-color: white"></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">***</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">If you have any questions or comments regarding the foregoing, please do
not hesitate to contact me by phone at 515-381-5705 or by email at steve.bramlage@caseys.com.
We look forward to working with you on these matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 3.5in">&nbsp;</P>

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<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 60%">&nbsp;</td>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; width: 25%">Sincerely,</td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 15%">&nbsp;</td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">&nbsp;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">&nbsp;</td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap; border-bottom: Black 1pt solid">/s/ Stephen Bramlage, Jr.</td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Name: Stephen Bramlage, Jr.</td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
<TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left">
  <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td>
  <TD STYLE="font: 10pt Times New Roman, Times, Serif; white-space: nowrap">Title: Chief Financial Officer</td>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</td></tr>
</table>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">cc:&nbsp;&nbsp;&nbsp;Katrina Lindsey, Chief Legal Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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