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. Aktie
360,00 €
5,81 %
Die Casey's General Stores Inc. Aktie genießt uneingeschränkte Beliebtheit: Nur Buy-Einschätzungen.
Trotz eines Kursziels von 336 €, das unter 360.0 € liegt, ergibt sich für Casey's General Stores Inc. ein negatives Potenzial von -6.67%.
