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. (NASDAQ: CALM) is the largest egg company in the United States and a leading player in the egg-based food industry, and its news flow reflects that scale and focus. Company announcements frequently highlight performance in its core shell egg business, including conventional and specialty eggs such as cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced categories. Earnings releases provide detail on net sales, shell egg volumes, specialty mix, prepared foods contribution and key operating metrics like breeder flocks, chicks hatched and layer hens.
News about Cal-Maine Foods also covers the company’s growing prepared foods and egg products platform. Recent press releases describe strong growth in pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, protein pancakes and waffles, and specialty wraps, supported by acquisitions such as Echo Lake Foods and the Crepini Foods joint venture. Updates on capacity-expansion projects, network optimization efforts and investments in new production lines at Echo Lake Foods and Crepini are common themes.
Investors and industry followers can expect coverage of strategic initiatives, including the expansion of specialty eggs and prepared foods, the integration of acquired businesses, and the company’s capital allocation actions such as share repurchases and dividends under its variable dividend policy. Governance and leadership developments, such as the appointment of new directors and the creation of the Chief Strategy Officer role, are also reported through Cal-Maine Foods’ news releases.
This CALM news page aggregates these earnings reports, operational updates, strategic announcements and governance disclosures in one place, helping readers monitor how Cal-Maine Foods manages its egg-based food platform, responds to market conditions and executes on its stated priorities over time.
Cal-Maine Foods (NASDAQ: CALM) has announced the acquisition of Deal-Rite Feeds' assets in North Carolina, including two feed mills, storage facilities, grain, vehicles, equipment, and retail feed sales business located in Statesville and Union Grove. The acquisition, funded through available cash, strategically positions the facilities near CALM's North Carolina shell egg production operations.
According to Sherman Miller, president and CEO, this acquisition will help manage production costs and drive efficiencies, as feed is a primary cost component in shell egg production. The proximity of these feed mills will enable lower-cost feed formulation, production, and delivery with reduced travel distances to farms, supporting CALM's mission to be the most efficient and sustainable producer of fresh shell eggs and egg products.
Cal-Maine Foods (NASDAQ: CALM) reported strong Q2 fiscal 2025 results with net sales of $954.7 million and net income of $219.1 million ($4.47 per diluted share). The company achieved quarterly records for total dozens sold (329.8 million) and specialty dozens sold (120.2 million), representing significant growth from the previous year.
The strong performance was driven by robust demand, higher market prices, and restricted supply due to highly pathogenic avian influenza (HPAI) outbreaks. The company announced $60 million in new capital projects for cage-free capacity expansion, including five new layer houses and two pullet houses across multiple states, expected to add capacity for 1.1 million cage-free layer hens by late summer 2025.
Farm production costs decreased 8.5% year-over-year, with feed costs down 12.8%. The company declared a cash dividend of approximately $1.49 per share, payable on February 13, 2025.
Cal-Maine Foods (NASDAQ: CALM) has announced it will release its second quarter fiscal 2025 financial results on Tuesday, January 7, 2025. The company will issue a press release after market trading hours on that day.
Cal-Maine Foods (NASDAQ: CALM) has announced its participation in the Stephens 2024 Annual Investment Conference, scheduled for November 19-21, 2024, at The Grand Hyatt in Nashville, Tennessee. President and CEO Sherman Miller, along with CFO Max Bowman, will conduct a fireside chat presentation on Wednesday, November 20, 2024, at 9:00 a.m. Central Time. The presentation will be accessible via live audio webcast through the company's website, with a replay available for 90 days.
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.