Casey's General Stores' Highest-Margin Segment Fails to Meet Company Goals
Coastal residents might be surprised to find out, but Casey's General Stores (NASDAQ: CASY) -- popular in Midwest and Great Plains towns of 5,000 or fewer people -- is one of the biggest pizza-makers in the country.
Yes, the stores offer gas and basic groceries like every other convenience chain, but its prepared-food segment is what really helped shares advance 470% -- including dividends -- between 2009 and 2015. But Tuesday's earnings release confirms a pattern already identified: This part of the growth story has hit a wall.
Image source: Getty Images.
Source: Fool.com
Casey's General Stores Inc. Stock
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