Home » Tag Archives: eggs

Tag Archives: eggs

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 ...

Read More »

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 ...

Read More »

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. ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »