<PAGE>
Exhibit 11
CASEY'S GENERAL STORES, INC.
Computation of Per Share Earnings
(Dollars in Thousands, Except Share and Per Share Amounts)
<TABLE>
<CAPTION>
Three Months Ended
October 31,
-----------------------
2000 1999
----------- ----------
<S> <C> <C>
Basic earnings per share
------------------------
Weighted average number of
shares outstanding 49,471,095 52,737,129
=========== ==========
Net income $ 13,828 12,662
=========== ==========
Basic earnings per common share $ .28 .24
=========== ==========
Diluted earnings per share
--------------------------
Weighted average number of
shares outstanding 49,471,095 52,737,129
Shares applicable to
stock options 158,565 236,262
----------- ----------
49,629,660 52,973,391
=========== ==========
Net Income $ 13,828 12,662
=========== ==========
Diluted earnings per common
share $ .28 .24
=========== ==========
</TABLE>
<PAGE>
Exhibit 11
CASEY'S GENERAL STORES, INC.
Computation of Per Share Earnings
(Dollars in Thousands, Except Share and Per Share Amounts)
<TABLE>
<CAPTION>
Six Months Ended
October 31,
-----------------------
2000 1999
----------- ----------
<S> <C> <C>
Basic earnings per share
------------------------
Weighted average number of
shares outstanding 49,462,095 52,727,645
=========== ==========
Net income $ 29,553 27,313
=========== ==========
Basic earnings per common share $ .60 .52
=========== ==========
Diluted earnings per share
--------------------------
Weighted average number of
common shares:
Weighted average number of
shares outstanding 49,462,095 52,727,645
Shares applicable to
stock options 137,402 248,372
----------- ----------
49,599,497 52,976,017
=========== ==========
Net Income $ 29,553 27,313
=========== ==========
Diluted earnings per common share $ .60 .52
=========== ==========
</TABLE>