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Tag Archives: eggs

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 ...

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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 ...

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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 ...

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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

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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Cal-Maine spared in flu outbreak — as shares soar

  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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