Cal-Maine Foods posts strong quarter after working around avian flu issues [Seeking Alpha]
Cal-Maine Foods, Inc. (CALM)
Last cal-maine foods, inc. earnings: 1/5 06:30 am
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US:NASDAQ Investor Relations:
calmainefoods.com/investors
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Source: Seeking Alpha
The quarter was impacted by the recent outbreaks of highly pathogenic avian influenza that impacted the national egg supply and led to higher prices. Revenue jumped 71% year-over-year to $785.9 million. The higher sales were primarily driven by an increase in the net average selling price of shell eggs, as well as an increase in total dozens sold. Cal-Maine sold 310.0 million dozen shell eggs during the quarter, compared with 273.1 million dozens a year ago. Specialty sales accounted for 35.5% of the total sales, vs. 33.5% a year ago. Cal-Maine ( CALM ) noted that the company worked hard to increase production and purchase more eggs from outside suppliers in the low-supply environment. "Our higher volumes and sales were supported by the additional production capacity from recent acquisitions as well as consistent organic growth," highlighted CEO Sherman Miller. The net average selling price for conventional eggs was $2.42 per dozen vs. $1.24 a year ago. The net average selling pri
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CALM
News
- 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. to Participate in Stephens 2024 Annual Investment ConferenceBusiness Wire
- Cal-Maine Foods, Inc. (NASDAQ: CALM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Q3 Earnings Highlights: Cal-Maine (NASDAQ:CALM) Vs The Rest Of The Consumer Staples Stocks [Yahoo! Finance]Yahoo! Finance
- Cal-Maine Foods, Inc. (NASDAQ: CALM) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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