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 (CALM), America's leading shell egg producer, provides investors and industry stakeholders with essential updates through this comprehensive news hub. Track official press releases, financial disclosures, and operational developments from the company behind trusted brands like Egg-Land's Best and 4-Grain.
This resource delivers timely information on quarterly earnings, production innovations, and market expansions within the poultry sector. Users will find updates on cage-free initiatives, organic product launches, and distribution network enhancements that shape CALM's position in the $10B+ U.S. egg market.
Key content includes executive leadership announcements, facility expansions, and strategic partnerships. The curated collection serves as a vital tool for monitoring food industry trends and regulatory impacts on agricultural operations.
Bookmark this page for direct access to primary source materials and analysis-free reporting on one of the food sector's most stable performers. Check regularly for updates that could influence investment decisions in the protein production space.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced key management changes effective October 1, 2021. Jeff Hardin is promoted to Senior Vice President of Sales, with Scott Hull taking over his previous role as Vice President of Sales. Daryl Sargent is appointed Director of Eastern Sales, while Jessica Hanslik becomes Director of Western Sales. Hardin brings over three decades of experience, while Hull has been with the company since 2009. The management reshuffle aims to maintain strong sales growth and customer relationships in the competitive egg production market.
Cal-Maine Foods reported a net sales increase to $331.7 million for Q1 of fiscal 2022, up from $292.8 million year-over-year. Despite achieving a 13.3% sales growth, the company faced a net loss of $18 million, an improvement from a $19.4 million loss in the same quarter last year. Average shell egg pricing rose to $1.24 per dozen, yet total egg sales volume dropped 1.7%. Production costs surged, particularly due to a 40.5% rise in feed expenses. The company will not pay a dividend this quarter due to cumulative losses of $22.3 million.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its first quarter fiscal 2022 financial results on September 28, 2021. The results will be announced after market trading closes. Cal-Maine is the largest producer and distributor of fresh shell eggs in the United States, offering a range of products including conventional, cage-free, organic, and nutritionally enhanced eggs. The company is headquartered in Ridgeland, Mississippi, and serves regions across the southwestern, southeastern, mid-western, and mid-Atlantic United States.
Cal-Maine Foods (CALM) reported a net sales decline in Q4 FY2021 to $349.8 million, down from $453.3 million in Q4 FY2020. The company recorded a net loss of $4.2 million or $0.09 per share, contrasting with a net income of $60.5 million or $1.25 per share a year earlier. FY2021 net sales were stable at $1,349.0 million. Average selling prices for shell eggs decreased to $1.32 per dozen from $1.58. The company is expanding its specialty egg production and has recently acquired a 50% stake in Red River Valley Egg Farm.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its fourth quarter and fiscal 2021 financial results on July 19, 2021, before market trading opens. As the largest U.S. producer and distributor of fresh shell eggs, Cal-Maine operates in the southwestern, southeastern, mid-western, and mid-Atlantic regions. The company focuses on various egg types, including conventional, cage-free, organic, and nutritionally enhanced eggs.
Cal-Maine Foods (NASDAQ: CALM) announced its agreement to acquire the remaining 50% interest in Red River Valley Egg Farm from Rose Acre Farms for $48.5 million. The egg farm, established in 2015, operates with around 1.7 million laying hens and supports the growing demand for cage-free eggs. The transaction is expected to close by month-end, subject to conditions. CEO Dolph Baker emphasized the beneficial partnership and the anticipated increase in production capacity to meet consumer needs in Texas.
Cal-Maine Foods reported a 3.9% increase in net sales, reaching $359.1 million for Q3 fiscal 2021. Net income stood at $13.5 million or $0.28 per share, showing stable earnings compared to the previous year. Year-to-date sales totaled $999.2 million, an 11.2% increase, with a net income recovery to $6.3 million from a prior loss. Specialty egg sales surged 16.2%, accounting for 41.5% of revenues. Despite strong retail demand, operating income faced challenges due to rising production costs and market volatility.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its third quarter fiscal 2021 financial results on March 29, 2021, prior to market trading. The company, the largest producer of fresh shell eggs in the U.S., specializes in various egg types including conventional, cage-free, organic, and nutritionally enhanced. Headquartered in Jackson, Mississippi, Cal-Maine sells its products primarily across the southwestern, southeastern, mid-western, and mid-Atlantic regions.
Cal-Maine Foods, Inc. (NASDAQ: CALM) announced the appointment of Camille Young as an independent director, effective March 11, 2021. Young, with over 20 years of government affairs experience, will enhance the Board's diversity and community relations capabilities. Currently the Principal at Cornerstone Government Affairs, she has strong ties with Mississippi officials and businesses. Chairman Dolph Baker expressed confidence in her ability to contribute to the company’s growth strategy, emphasizing her alignment with Cal-Maine's corporate culture.
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