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 reports developments in U.S. egg production, specialty shell eggs and egg-based prepared foods. The company produces, grades, packages, markets and distributes shell eggs, with products spanning conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs for retail and foodservice customers.
Recurring updates include quarterly operating results, shell egg pricing and volumes, sales mix between conventional and specialty eggs, prepared-foods growth, acquisitions of production assets, investor-conference appearances and board governance matters. Company news also references brands such as Eggland’s Best, Land O’Lakes, Farmhouse Eggs, 4Grain, Sunups, Sunny Meadow, MeadowCreek Foods and Crepini, along with prepared-food formats including pre-cooked egg patties, omelets, hard-cooked eggs, pancakes, waffles and wraps.
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Cal-Maine Foods, Inc. (NASDAQ: CALM) will participate in the 26th Annual Burkenroad Reports Investment Conference on April 28, 2023, at The Ritz Carlton, New Orleans. The presentation, led by President and CEO Sherman Miller and CFO Max Bowman, starts at 10 a.m. Central Time. Attendees can access a supporting slide presentation on the Cal-Maine Foods investors page. The event is complimentary and open to the public, with registration available at Burkenroad Reports. As the largest producer and distributor of fresh shell eggs in the U.S., Cal-Maine focuses on various egg types, including organic and cage-free, reaching markets across numerous states.
Cal-Maine Foods reported robust results for Q3 fiscal 2023, achieving net sales of $997.5 million and a net income of $323.2 million, or $6.62 per diluted share. This marks a significant increase from $477.5 million in sales and $39.5 million in net income during the same period last year. The quarterly cash dividend is set at $2.20 per share. Strong conventional egg prices, driven by ongoing avian influenza impacts, supported these results. However, the company faces rising costs in feed and operations due to inflation and market volatility. Total egg sales grew 1.3%, with specialty eggs representing 35.7% of total sales, up from 33.1% the previous year.
Cal-Maine Foods (NASDAQ: CALM) announced key leadership changes effective March 27, 2023. Todd Walters has been named Chief Operating Officer, while Matt Whiteman takes on the role of Vice President, Operations. Walters has extensive experience with Cal-Maine since 1997, previously serving as Vice President of Operations for South Texas and managing various locations. Whiteman has been with the company since 2011, most recently as General Manager in Waelder, Texas. Both leaders aim to enhance operational efficiency and sustain the company’s market position as the largest producer and distributor of fresh shell eggs in the U.S.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will announce its third quarter fiscal 2023 financial results on March 28, 2023, after market close. The company is the largest producer and distributor of fresh shell eggs in the United States, offering various types including conventional, cage-free, organic, and more. Cal-Maine operates primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions, focusing on the grading and marketing of shell eggs. Investors should keep an eye on the upcoming earnings report for insights into the company’s performance and market trends.
Cal-Maine Foods announced a partnership with Entegrity Energy Partners to install a 4.15 megawatt solar array at its Searcy, Arkansas facility. This 28-acre project aims to offset approximately 91% of the facility's electricity usage, enhancing energy self-sufficiency and reducing greenhouse gas emissions. Construction is expected to commence in Q2 2023, pending approval from the Arkansas Public Service Commission. Tim Thompson, Cal-Maine's VP of Operations, emphasized the company's commitment to sustainability, while Entegrity's president highlighted the growing demand for solar solutions in Arkansas due to favorable regulations and sustainability goals.
Cal-Maine Foods reported record results for Q2 fiscal 2023, with net sales of $801.7 million, a 110% increase year-over-year, and net income of $198.6 million, or $4.08 per share. This performance was driven by higher egg prices amid reduced supply due to the avian influenza outbreak. The cash dividend declared is $1.35 per share. The company also reported a 39.6% gross profit margin, aided by a shift towards specialty egg sales, which accounted for 29.4% of revenue. However, feed costs rose significantly by 29.5% compared to last year.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its second quarter fiscal 2023 financial results on December 28, 2022. A press release is scheduled after market close. As the largest producer and distributor of fresh shell eggs in the U.S., Cal-Maine offers a variety of egg types including conventional, cage-free, and organic. The company operates out of Ridgeland, Mississippi, selling primarily in southwestern, southeastern, mid-western, and mid-Atlantic states.
Cal-Maine Foods (NASDAQ: CALM) will participate in the Stephens 2022 Annual Investment Conference from November 15-17, 2022, at The Grand Hyatt in Nashville, Tennessee. A fireside chat featuring Dolph Baker, Sherman Miller, and Max Bowman is scheduled for November 16 at 2:00 p.m. CT. The presentation will be available to investors via a live audio webcast, accessible through the company's investor relations page. A replay will be available for 90 days. Cal-Maine, headquartered in Ridgeland, Mississippi, is the largest producer of fresh shell eggs in the U.S.
Cal-Maine Foods announces the appointment of Sherman L. Miller as its new President and Chief Executive Officer, effective immediately. He succeeds Dolph Baker, who will remain Chairman of the Board and actively involved in the company’s management. Miller has over 26 years of experience with Cal-Maine, most recently serving as President and Chief Operations Officer. The transition aligns with the Board's succession planning process. Both leaders express confidence in the company's growth trajectory and commitment to a sustainable operational strategy.