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.
Cal-Maine Foods reported a record net income of $110.0 million for Q4 2022, equating to $2.25 per diluted share, a substantial increase from a net loss of $4.2 million the previous year. Q4 net sales soared 69.5% year-over-year to $593.0 million, while total fiscal 2022 net income reached $132.7 million, with a gross margin of 19.0%. The company declared a cash dividend of $0.75 per share and plans a $55.3 million capital project to enhance cage-free production. Despite inflationary pressures, demand for specialty eggs drove higher sales and profitability.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its fourth quarter and fiscal 2022 financial results on July 19, 2022. A press release will follow the close of market trading. Cal-Maine, headquartered in Ridgeland, Mississippi, is the largest producer of fresh shell eggs in the United States. The company specializes in various types of eggs including conventional, cage-free, organic, and free-range, distributing primarily across the southwestern, southeastern, mid-western, and mid-Atlantic regions.
Cal-Maine Foods (NASDAQ: CALM) has announced its participation in Oppenheimer's 22nd Annual Consumer Growth and E-Commerce Conference, scheduled for June 14-15, 2022. The company's CEO Dolph Baker and CFO Max Bowman will engage in a fireside chat on June 15 at 12:00 p.m. ET, accessible through a live audio webcast. The event's link and a supporting presentation will be available on the Cal-Maine Foods investor relations page. The company is the largest producer of fresh shell eggs in the U.S., offering various egg types from cage-free to organic.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will participate in the BMO Global Farm to Market Conference on May 18-19, 2022, at The Lotte New York Palace in New York City. The fireside chat featuring Dolph Baker, CEO, and Max Bowman, CFO, is scheduled for 10:15 a.m. Eastern Time on May 18, and will be accessible via a live audio webcast. Cal-Maine, based in Ridgeland, Mississippi, is the largest producer of fresh shell eggs in the U.S., offering a variety of egg types including organic and cage-free options.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will participate in the 25th Annual Burkenroad Reports Investment Conference on April 29, 2022, at The Westin Hotel Canal Place in New Orleans, Louisiana. The presentation by CEO Dolph Baker and CFO Max Bowman will start at approximately 10:00 a.m. Central Time. A supporting slide presentation can be accessed at calmainefoods.com/investors. The event is free and open to the public. For the conference agenda and registration, visit www.burkenroad.org.
Cal-Maine Foods (NASDAQ: CALM) announced the approval of $82 million in capital projects to expand its cage-free egg production. This investment will be funded through available cash, investments, and operating cash flow. The projects include four new layer houses and conversions in Delta, Utah, and Guthrie, Kentucky, increasing capacity for approximately 1.76 million cage-free hens. Since 2008, Cal-Maine has invested about $625 million in expanding its cage-free production capabilities, underscoring its commitment to meeting growing demand.
Cal-Maine Foods reported a strong performance for Q3 of fiscal 2022, with net sales rising by 33.0% to $477.5 million, compared to $359.1 million in Q3 of fiscal 2021. Net income soared to $39.5 million, or $0.81 per share, up from $13.5 million, or $0.28 per share in the previous year. The average selling price for all eggs increased by 29.4% to $1.612 per dozen. Gross margin improved to 19.2%, reflecting favorable market conditions and expense management.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will announce its third quarter fiscal 2022 financial results on March 29, 2022. The release will occur after market trading closes. Cal-Maine is the largest producer and distributor of fresh shell eggs in the United States, engaged in the production, grading, packing, marketing, and sale of various types of eggs.
Cal-Maine Foods reported a 12.5% increase in net sales for Q2 FY2022, totaling $390.9 million, compared to $347.3 million in Q2 FY2021. However, net income dropped significantly to $1.2 million from $12.2 million year-over-year. For the first half of FY2022, net sales were $722.6 million, with a net loss of $16.9 million. The company noted increased average selling prices for eggs but also faced higher production costs, leading to an operating loss of $2.1 million. Despite challenges, strategic investments and a focus on specialty egg sales indicate potential for growth.
Cal-Maine Foods (NASDAQ: CALM) will announce its second quarter fiscal 2022 financial results on December 28, 2021, with a press release following market close. The company is the largest producer and distributor of fresh shell eggs in the United States, focusing on various egg categories such as conventional, cage-free, organic, and more. Headquartered in Ridgeland, Mississippi, Cal-Maine sells most of its products across multiple U.S. regions including the southwestern, southeastern, mid-western, and mid-Atlantic areas.