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Tag Archives: Cal-Maine

Cal-Maine records $26.1 million loss for quarter after settlement

By JACK WEATHERLY Cal-Maine Foods suffered a net loss of $26.1 million, or 54 cents per share, for the second fiscal quarter of 2018 in which the Jackson-based egg producer recorded a $52.8 million after-tax antitrust settlement. The settlement stems from a Sept. 25, 2008 consolidated suit case filed in the U.S. District Court for the Eastern District of Pennsylvania. Excluding ...

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Cal-Maine reports $16 million loss for quarter

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday a net loss of $16 million, or 33 cents per share, for the first fiscal quarter compared with a net loss of $30.9 million, or 64 cents, for the year-earlier period. Net sales were $262.8 million, compared with $239.8 million for the prior-year period. MarketWatch reported that the FactSet Research Systems Inc. ...

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Glut forces Cal-Maine into loss for quarter, year

By JACK WEATHERLY Slammed by a market glut, Cal-Maine Foods Inc. on Monday reported a net loss of $24.5 million, or 51 cents per share, for the fourth fiscal quarter ending June 3, compared with a net loss of $376,000, or a penny a share, a year earlier. In the 53-week fiscal year the company had a net loss of $74.3 ...

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Cal-Maine still struggling against market effects of 2015 flu outbreak

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday that net sales for the quarter ending Feb. 25 were $306.5 million – a 31.8 percent decrease compared with $449.8 million for the year-earlier period. That in part is because of the lingering market effects of the outbreak of avian influenza in 2015, which hurt U.S. exports of eggs, including those ...

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Avian flu confirmed in Alabama near Mississippi line

By Jack Weatherly Avian flu has been confirmed in two commercial poultry flocks in Pickens County, Ala., near the Mississippi line, a week after three commercial breeders had to kill more than 70,000 chickens in Lincoln County, Tenn., near the border with Alabama. The Alabama state veterinarian announced that the Pickens County birds are under quarantine after testing positive for ...

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Cal-Maine profits take major hit thanks to lingering effects of flu

By JACK WEATHERLY Cal-Maine Foods dodged the avian flu outbreak that reduced the nation’s egg production in 2015 by 10 percent. Yet the Jackson-based firm, the largest producer of shell eggs in the United States, continues to deal with the ripples caused by the influenza Net sales for the company’s second fiscal quarter, which ended Nov. 26, were $253.5 million, ...

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Cal-Maine plans to buy Florida-based egg producer

MBJ Staff Jackson-based Cal-Maine Foods, Inc. announced it has signed a letter of intent to acquire substantially all of the assets of Foodonics International Inc. and its related entities doing business as Dixie Egg Co. The assets to be acquired include commercial egg production and processing facilities with capacity for approximately 1.6 million laying hens and related feed production, milling ...

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Cal-Maine 4th quarter sales down 24.8 pct.; net loss $376,000

By JACK WEATHERLY Cal-Maine Foods Inc.’s sales for the fourth quarter of fiscal 2016 were $303 million, a 24.8 percent decrease compared with $403.0 million for the fourth quarter of fiscal 2015. The company reported a net loss of $376,000, or 1 cent per share, for the fourth quarter of fiscal 2016, compared with net income of $46.1 million, or 95 cents ...

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Cal-Maine shares soar on earnings report

By JACK WEATHERLY Shares of Jackson-based Cal-Maine Foods Inc., the nation’s largest in-shell eggs producer, skyrocketed on Monday after the company reported exceptional earnings for its third fiscal quarter. Net income was $64.2 million, or $1.33 per share, for the third quarter of fiscal 2016, ending Feb. 27, compared with $50.9 million, or $1.06 per share, for the year-earlier quarter. Earnings per share ...

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Analysis: Cal-Maine ranks at top of public firms in state

By JACK WEATHERLY  Cal-Maine Foods is the top-ranking public company based in Mississippi, according to an analysis by SmartAsset.com The nation’s largest producer of in-shell eggs registered a 19.82 percent average annual return from 2010 through March 31 of this year, SmartAsset reported. It’s return was actually not as high as Callon Petroleum’s 33.07 percent, but its stock performance index ...

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