Welcome to our dedicated page for Cal-Maine Foods news (Ticker: CALM), a resource for investors and traders seeking the latest updates and insights on Cal-Maine Foods stock.
Cal-Maine Foods Inc (Symbol: CALM) is the largest producer and marketer of shell eggs in the United States. Founded in 1969, the company has grown to dominate approximately 19% of the domestic shell egg consumption. Cal-Maine Foods operates a robust total flock, comprising approximately 26.2 million layers, 6.6 million pullets, and breeders, making it the country's leading egg producer. The primary business operations include production, grading, packaging, marketing, and distribution of shell eggs, catering to national and regional grocery chains, club stores, and food service distributors across 29 states, predominantly in the southwestern, southeastern, mid-western, and mid-Atlantic regions.
The company's product portfolio features a wide range of shell eggs, including nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets these products under well-known brands such as Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. These brands are widely recognized for their quality and nutritional benefits.
In recent years, Cal-Maine Foods has focused on expanding its market reach and enhancing its production capabilities. The company has invested significantly in technology to improve efficiency and maintain high standards of animal welfare. Additionally, strategic partnerships and acquisitions have played a crucial role in its growth trajectory.
Financially, Cal-Maine Foods has demonstrated strong performance, reflecting its leading position in the market. The company reports its operations under a single segment, emphasizing its concentrated focus on the shell egg market. Staying abreast of consumer trends, Cal-Maine Foods continues to innovate, addressing the increasing demand for specialty eggs and sustainable farming practices.
Overall, Cal-Maine Foods stands out for its extensive distribution network, commitment to quality, and ongoing efforts to meet the evolving preferences of consumers. For investors and stakeholders, the company's continuous growth and adaptation to market dynamics make it a significant player in the agricultural sector.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced $40 million in new capital projects to expand its cage-free production capabilities. The expansion includes five new cage-free layer houses across Florida, Georgia, Utah, and Texas, with construction starting by the end of 2024 and completion expected by late summer 2025. This will add capacity for approximately 1.0 million cage-free layer hens.
The company also provided an update on its conversion of former Tyson Foods facilities in Dexter, Missouri, acquired in March 2024. Cal-Maine Foods is working with local contract growers to add approximately 1.2 million additional free-range hens by fall 2025. These expansions align with the company's strategy to increase free-range production in response to customer demand and expanding state requirements for cage-free eggs.
Cal-Maine Foods (NASDAQ: CALM) reported strong results for Q1 fiscal 2025, with net sales of $785.9 million and net income of $150.0 million ($3.06 per diluted share). The company achieved quarterly records for total dozens sold (310.0 million) and specialty dozens sold (110.0 million). Key highlights include:
- Higher sales driven by increased net average selling price and total dozens sold
- 11.7% lower farm production costs per dozen compared to Q1 fiscal 2024
- 17.3% decrease in feed costs per dozen year-over-year
- Cash dividend of $1.02 per share
The company noted that the U.S. hen population has declined due to recent HPAI outbreaks, but Cal-Maine has increased production and purchases to meet demand. The company continues to focus on expanding capacity, including cage-free and specialty egg production, and has made strategic investments to diversify its product portfolio.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced the release date for its first quarter fiscal 2025 financial results. The company will issue a press release after the close of market trading on Tuesday, October 1, 2024. This announcement provides investors and analysts with a specific date to anticipate the company's quarterly performance update, which is important for assessing the financial health and operational efficiency of the largest fresh egg producer in the United States.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced a strategic investment in a new egg products joint venture with Crepini The new entity, Crepini Foods , will be located in Hopewell Junction, New York. Cal-Maine Foods will invest approximately $6.75 million for a 51% interest in the venture, while Crepini will contribute its existing assets and business for a 49% stake.
Crepini, founded in 2007, produces egg wraps, protein pancakes, crepes, and wrap-ups sold online and in over 3,500 retail stores across the United States and Mexico. This investment aligns with Cal-Maine Foods' growth strategy to enhance its product portfolio and focus on value-added products and egg product opportunities.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has appointed Judd Stevens as Vice President, Operations, effective July 23, 2024. Stevens, with over 20 years of experience at Cal-Maine, will oversee the company's recently acquired assets from ISE in Delaware, Maryland, New Jersey, and South Carolina. This strategic move aims to enhance Cal-Maine's market reach in the Northeast and Mid-Atlantic states, expanding its production and distribution capabilities in these regions.
Stevens' extensive knowledge of Cal-Maine's operating model is expected to be important in integrating the new assets and driving value from the acquisition. The company, headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States, offering a variety of egg products including conventional, cage-free, organic, and nutritionally enhanced options.
Cal-Maine Foods (NASDAQ: CALM) reported solid Q4 fiscal 2024 results amid challenging industry conditions. Key highlights include:
- Q4 net sales: $640.8 million
- Q4 net income: $113.2 million ($2.32 per diluted share)
- Fiscal year 2024 net sales: $2.3 billion
- Fiscal year 2024 net income: $277.9 million ($5.69 per diluted share)
- Cash dividend: $0.77 per share
The company faced HPAI outbreaks but continued to meet customer demands. Cal-Maine completed two asset acquisitions in fiscal 2024 and one after the fiscal year-end, enhancing market reach. Q4 farm production costs per dozen decreased 14.3% year-over-year, primarily due to lower feed costs. The company remains focused on expanding production capacity for specialty and cage-free eggs to meet consumer demand trends.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has released its Fiscal 2023 Sustainability Report, marking the fifth year of sharing progress on key sustainability initiatives. The report utilizes the United Nations Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) framework.
CEO Sherman Miller highlighted improvements in the reporting format, providing more data-focused and concise disclosures. The company aims to be the most sustainable producer and reliable supplier of high-quality fresh eggs in the country, demonstrating a 'Culture of Sustainability' in all operations.
Cal-Maine Foods is the largest producer and distributor of fresh shell eggs in the United States, offering a variety of egg types including conventional, cage-free, organic, and nutritionally enhanced options. The report is available on the company's website at www.calmainefoods.com.
Cal-Maine Foods, the largest producer and distributor of fresh shell eggs in the United States, has announced the release date for its fourth quarter and fiscal 2024 financial results. The results will be disclosed on July 23, 2024, following the market close. The company, based in Ridgeland, Mississippi, operates primarily in the production, grading, packaging, marketing, and distribution of various types of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced eggs. Cal-Maine Foods distributes its products predominantly across the southwestern, southeastern, mid-western, and mid-Atlantic regions of the U.S.
Cal-Maine Foods (NASDAQ: CALM) has completed the acquisition of ISE America's egg production assets for approximately $110 million, funded with available cash. The acquisition includes assets such as commercial egg production facilities with a capacity of 4.7 million laying hens, feed mills, and 4,000 acres of land. The acquired assets also feature an egg products breaking facility and an extensive customer distribution network across the Northeastern and Mid-Atlantic states. This strategic acquisition aims to enhance Cal-Maine's market presence in these regions, adding new production capacities in Maryland, New Jersey, Delaware, and South Carolina.
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