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0.000984898227183073 -0.00875465090829516 -0.00350186036331809 -0.0293280805427884 -0.0387393302692056 -0.0195885314073102 -0.0353469030422412 -0.0306959947472095
Stock impact report

Cal-Maine Foods to buy breakfast-foods business Echo Lake Foods [Yahoo! Finance]

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
Company Research Source: Yahoo! Finance
In a statement accompanying its third quarter results, Cal-Maine said it had “entered into a definitive agreement” to buy the Wisconsin-based company for approximately $258m. Founded in 1941, Echo Lake Foods was acquired by the Meinerz family in 1981. The company produces, packages and distributes a range of ready-to-eat egg products and breakfast items, such as waffles, pancakes, diced eggs and frozen cooked omelettes among others. According to Cal-Maine, the breakfast-foods business reported approximately $240m in revenue in 2024, with a five-year compound annual growth rate of around 10%. The egg group said the deal, which excludes expected tax assets, will be funded using existing cash reserves. Commenting on the deal, Cal-Maine Foods president and CEO Sherman Miller said: “This transaction represents an exciting growth opportunity and important inflection point for Cal-Maine Foods, advancing our strategy to expand and diversify our product portfolio and customer mix. Show less Read more
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