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Tag Archives: Cal-Maine Foods Inc.

Cal-Maine records net loss of $19.8 million for quarter

By Jack Weatherly Cal-Maine Foods Inc. reported a net loss of $19.8 million, or 41 cents per share, for the fourth quarter of fiscal 2019 ending June 1, compared with a net income of $71.8 million, or $1.48 per share, for the year-ago period. According to Bloomberg news, the U.S. egg industry has an oversupply issue, and prices are so ...

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Cal-Maine board authorizes two-for-one stock split

JACKSON — The board of directors of Cal-Maine Foods Inc. (NASDAQ:CALM) has approved a two-for-one stock split for shares of the company’s common stock and Class A common stock, to be effected via a stock dividend. Shareholders will receive one share of stock for each share they hold. The new shares will be distributed on October 31, 2014, to shareholders ...

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Cal-Maine reports increased 1Q sales, net income

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has released its financial results for the first quarter of fiscal 2015 ended Aug. 30, 2014. Net sales were $356.9 million, an increase of 12 percent compared with net sales of $319.5 million for the first quarter of fiscal 2014. The egg company reported net income of $27.7 million, or $1.15 per basic share and $1.14 per diluted ...

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Cal-Maine strikes joint venture deal with Arizona company

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has entered into a new joint venture for specialty egg sales with Hickman’s Egg Ranch Inc. Based in Buckeye, Arizona, a suburb of Phoenix in western Maricopa County, Hickman’s Egg Ranch has been family-owned and operated since 1944. With processing operations located in Arizona, Colorado and California, and capacity for approximately 6.0 million ...

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Cal-Maine sets record; sells more than one billion dozen eggs

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has reached annual sales of over one billion dozen eggs for fiscal 2014 with an expected total of 1.014 billion dozen fresh eggs sold. This sets a new record year of sales for Cal-Maine Foods and the first time any domestic or world egg supplier has surpassed annual sales of over one billion ...

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Cal-Maine sees better sales, net income

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has released its results for the third quarter and nine months ended March 1, 2014. Net sales for the third quarter of fiscal 2014 were $395.5 million, compared with net sales of $360.4 million for the third quarter of fiscal 2013. The company reported net income of $42.9 million, or $1.78 per basic share and $1.77 ...

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Cal-Maine buys remaining interest in Delta Egg Farm

JACKSON — Cal-Maine Foods Inc. has reached an agreement to acquire 50 percent of the membership interests of Delta Egg Farm, LLC from Sunbest Foods of Iowa Inc., a Moark, LLC affiliate. Cal-Maine currently owns the remaining 50 percent of Delta Egg Farm, so the entity will become a wholly owned subsidiary of the company. Pursuant to this agreement, Cal-Maine ...

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Cal-Maine reports improved sales, net income

JACKSON — Cal-Maine Foods Inc. (NASDAQ: CALM) has released the results for the second quarter and six months ended Nov. 30, 2013. Net sales for the second quarter of fiscal 2014 were $354.3 million, an 8 percent increase compared with net sales of $328.9 million for the second quarter of fiscal 2013. The company reported net income of $26.1 million, or ...

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Cal-Maine sees income fall while costs rise

JACKSON — Cal-Maine Foods Inc. said today that its fiscal first-quarter net income fell 6 percent as feed and production costs climbed. The egg producer earned $8.8 million, or 36 cents per share, for the period ended Aug. 31. That compares with $9.4 million, or 39 cents per share, a year earlier. Revenue for the Jackson-based company rose 17 percent ...

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Cal-Maine settles anti-trust lawsuit filed in Pennsylvania

JACKSON — Egg producer Cal-Maine Foods Inc. said today that it agreed to settle egg antitrust class action claims for $28 million pretax. The claims were filed in Pennsylvania federal court. Class members can opt in or out of the settlement. The class-action lawsuit alleges that Cal-Maine and some producers of shell eggs and egg products conspired to decrease the ...

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