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Tag Archives: eggs

Oversupply drives down Cal-Maine’s prices, shares

By Jack Weatherly Cal-Maine Foods Inc. reported on Monday a net loss of $45.8 million, or 94 cents per share, for the first fiscal quarter ending Aug. 31, compared with net sales of $241.2 million, a 29.2 percent decrease from $340.6 million a year earlier. An oversupply of eggs, which began to affect the market in early 2018 has continued. ...

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Industry expects little sales impact from JAMA study linking egg consumption to cardiovascular disease

By BECKY GILLETTE mbj@msbusiness.com Cal-Maine Foods, Inc., the largest producer of shell eggs in the U.S., sold approximately 1,037.7 million dozen shell eggs in fiscal 2018, representing about 20 percent of the domestic egg production. But how will sales of eggs from Cal-Maine Foods and other suppliers be affected by a report March 19 in the Journal of American Medicine ...

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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 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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