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