By Kelly Cloonan

Casey's General Stores guided for potentially stronger sales growth in the year ahead after logging better-than-expected results in the fiscal fourth quarter. The convenience-store chain said it expects inside same-store sales to rise 2% to 5% in the current fiscal year, which started May 1, and to open at least 80 stores through a mix of acquisitions and new store construction. The outlook came as Casey's saw revenue jump 11% to $3.99 billion, ahead of analyst estimates for $3.93 billion, in its latest quarter. Shares rise 9.2% to $479.88 in after-hours trading.

Cracker Barrel Old Country Store said it plans to offer $275 million of convertible senior notes due in 2030 to institutional investors. The Tennessee-based chain of restaurants said it also plans to grant initial notes purchasers an option to buy up to $41.25 million in additional notes. The company plans to use proceeds from the offering to pay the cost of entering into privately negotiated capped call transactions with one or more of the initial purchasers that are intended to reduce or offset potential stock dilution from notes conversions. Shares decline 4.6% to $57.96 in postmarket trading.

AirSculpt Technologies launched an underwritten public offering of some 3.1 million shares of its common stock. The body contouring procedures company granted the underwriter the option to purchase up to 474,000 additional shares. Vesey Street Capital Partners, which is affiliated with two directors and is the company's largest stockholder, expressed an interest in purchasing up to $4 million in shares in the offering, the company said. Shares fall 16% to $4.25 in after-hours trading.

Limoneira plans to merge its citrus sales and marketing operations with Sunkist Growers to streamline operations and boost supply chain efficiency. The company expects the deal to generate $5 million in annual cost savings and improvement to earnings before interest, taxes, depreciation and amortization starting in fiscal 2026, it said. The merger plans come after the company swung to a loss in the fiscal second quarter as lemon sales fell as oversupply pressured prices. Limoneira also lowered its fiscal year guidance for fresh lemon volumes to 4.5 million to 5 million cartons, down from a prior range of 5 million to 5.5 million. Shares decline 10% to $14.50 after market close.

Marin Software said it entered a non-binding letter of intent with a private equity firm that may lead to the sale of substantially all of its assets through a voluntary reorganization transaction, according to a Securities and Exchange Commission filing. Since there are no assurances that the potential transaction will be completed, the marketing software company is still seeking stockholder approval on Wednesday for a plan of dissolution, Marin said. Shares more than double to $1.80 in postmarket trading.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 09, 2025 19:51 ET (23:51 GMT)

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