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Tag Archives: Cal-Maine

Cal-Maine sees shares fade, places major free-range bet

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday net income of $39.8 million, or 82 cents per share, for the third quarter of fiscal 2019. The Jackson-based company’s net sales for the quarter were $384 million, an 11.9 percent decrease from $435.8 million for the year-earlier period, the company said in a release. The fiscal 2018 third quarter saw ...

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Cal-Maine misses sales target; shares take a hit

By Jack Weatherly Cal-Maine Foods Inc. reported a net income of $21.8 million, or 45 cents per share, for the second quarter of fiscal 2019, compared with a loss of $26.1 million, or 54 cents per share a year earlier. Net sales for the quarter that ended Dec.1 were $356 million, a 1.4 percent decrease from $361.2 million for the ...

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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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