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Tag Archives: Cal-Maine

Nation’s largest egg producer buying Texas egg farm

The nation’s largest producer of fresh eggs is buying a Texas egg producer. Cal-Maine Foods of Jackson, Mississippi, announced Wednesday that it would buy Featherland Egg Farms. Featherland has 600,000 egg-laying hens and a feed mill and other facilities near Marion, Texas, outside San Antonio. No price or other terms were announced. Cal-Maine says it expects to complete the purchase ...

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Shares plunge after Cal-Maine fails to meet expectations

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday that its net income for the fiscal first quarter was $12.4 million, or 26 per share, compared with a loss of $16 million, or 33 cents per share, a year earlier. Net sales for the quarter that ended on Sept. 1 was $340.6 million, 29.6 percent increase ove $262.8 million. Despite ...

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Shares plunge after Cal-Maine fails to meet expectations

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday that its net income for the fiscal first quarter was $12.4 million, or 26 per share, compared with a loss of $16 million, or 33 cents per share, a year earlier. Net sales for the quarter that ended on Sept. 1 was $340.6 million, 29.6 percent increase ove $262.8 million. Despite ...

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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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