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Tag Archives: eggs

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

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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

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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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Cal-Maine earnings soar but stock takes a beating

  Jack Weatherly Jackson-based Cal-Maine Foods Inc., the largest producer of in-shell fresh eggs in the United States, had a terrific fiscal first quarter, thanks to the fact that eggs sold for 65.7 percent more than they did in the year-ago quarter. Why the price spike? In two words, avian flu, which forced the destruction of 48 million chickens and ...

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

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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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UPDATE: Spike in Mississippi egg prices will come, experts say

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If the price of eggs at your favorite grocery in Mississippi hasn’t taken a big jump, just wait. The Mississippi poultry industry has thus far escaped the outbreak of avian flu that has devastated flocks in the Midwest, according to the U.S. Department of Agriculture. Forty-seven million birds have been destroyed because of the virus, with Iowa leading the way ...

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Cal-Maine spared in flu outbreak — as shares soar

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  By JACK WEATHERLY Cal-Maine Foods thus far has been unscathed in the outbreak of avian flu, which has forced egg producers in the Midwest to kill and dispose of millions of laying hens, said the Jackson-based company’s chief financial officer, Tim Dawson. Meantime, Cal-Maine has benefited from the outbreak. Its shares have risen from $38.38 on March 20, the ...

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Cal-Maine enters joint venture to build cage-free facility

BY JACK WEATHERLY Cal-Maine Foods has found more room to maneuver, you might say, in what it calls the “uncertain regulatory framework”  in the egg industry. The Jackson-based firm, the largest producer of eggs in the nation, announced April 9 a joint venture with Rose Acre Farms Inc. to build a “cage-free aviary” in Bogata, Texas that will initially accommodate 1.8  ...

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Cal-Maine income skyrockets as prices rise and costs shrink

By JACK WEATHERLY Net income for Jackson-based Cal-Maine Foods — the nation’s largest producer of eggs — rose in the third fiscal quarter to $50.9 million, its second-biggest quarter ever. Earnings per share were $1.05, compared with 89 cents a year earlier on $42.9 million in net income. Net sales were up 10.6 percent for the quarter, which ended Feb. ...

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Cal-Maine Foods, Inc. announces release date for third quarter fiscal 2015 results

JACKSON — Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced that the Company will release its third quarter fiscal 2015 financial results on Monday, March 30, 2015. A press release will be issued prior to the open of market trading. Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally-enhanced eggs. The Company, ...

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Cal-Maine presentation set for UBS conference

Jackson-based Cal-Maine Foods Inc. will participate in the UBS Global Consumer Conference March 4-5 at the Four Seasons Hotel in Boston, the company said in a release on Wednesday. The investor presentation by Dolph Baker, chairman, president and chief executive officer, and Tim Dawson, vice president and chief financial officer, will begin at approximately 1:15 p.m. Central Time  on March 4 ...

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