Cal-Maine Foods, Inc. Announces Expansion Plans for Additional Cage-Free Production Capabilities
Cal-Maine Foods, Inc. (CALM)
Last cal-maine foods, inc. earnings: 1/5 06:30 am
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calmainefoods.com/investors
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Source: Business Wire
Company Updates Progress on Dexter, Missouri Conversion RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that on October 4, 2024, its Board of Directors approved $40 million in new capital projects to further expand the Company’s cage-free production capabilities. The Company plans to fund the projects through a combination of available cash on hand, sales of investment securities and operating cash flow.The projects will include the addition of five new cage-free layer houses across the Company’s locations in Florida, Georgia, Utah and Texas. The Company plans to start construction by the end of calendar 2024 and expects the projects to be completed with additional production capacity for approximately 1.0 million cage-free layer hens by late summer 2025. These additions will primarily replace recently retired caged facilities and add to the Company’s cage-free capacity.The Company also provided an update on its conversion of the former Tyson
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News
- Cal-Maine Foods (NASDAQ:CALM) Is Increasing Its Dividend To $1.02 [Yahoo! Finance]Yahoo! Finance
- Cal-Maine Foods: Better Than Expected Results, Cheap, And Growing [Seeking Alpha]Seeking Alpha
- Cal-Maine Foods, Inc. (NASDAQ: CALM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Cal-Maine Foods, Inc. (NASDAQ: CALM) is now covered by analysts at Stephens. They set an "equal weight" rating and a $82.00 price target on the stock.MarketBeat
- Cal-Maine Foods, Inc.'s (NASDAQ:CALM) Intrinsic Value Is Potentially 72% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
CALM
Sec Filings
- 10/4/24 - Form 8-K
- 10/1/24 - Form 10-Q
- 10/1/24 - Form 8-K
- CALM's page on the SEC website