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, 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.
Revitalist has signed a lease for its 8th psychedelic assisted psychotherapy clinic in Bethesda, Maryland, which will span 6,092 square feet with 10 infusion rooms. The clinic is set to open by December 31, 2021, and aims to provide over 10,400 ketamine infusions annually. This expansion increases the Company’s total space to 53,792 square feet and 109 treatment rooms across its locations. CEO Kathryn Walker emphasizes the significance of being in Maryland, highlighting the region's medical institutions and the rising mental health crisis in the U.S.
Cal-Maine Foods (NASDAQ: CALM) will participate in the Stephens 2021 Annual Investment Conference from December 1-3, 2021 at The Omni Hotel in Nashville, Tennessee. The fireside chat featuring Dolph Baker (Chairman & CEO), Sherman Miller (President & COO), and Max Bowman (CFO) will take place on Thursday, December 2, 2021, at 8:00 a.m. Central Time. Investors can access the live webcast through the company's website, with a replay available for 90 days.
Cal-Maine Foods (NASDAQ: CALM) announces leadership changes as Mike Castleberry retires from his role as Vice President and Controller effective January 2022. Matt Glover will take over the role, transitioning from Director of Financial Reporting, effective November 29, 2021. Additionally, Jia Scott has been appointed Vice President - Treasury, while Rhonda Whiteman becomes Vice President - Operational Accounting. These changes aim to strengthen the company’s financial management as it continues its growth strategy.
Cal-Maine Foods (NASDAQ: CALM) has greenlit a $23 million capital project to expand cage-free egg production at its Okeechobee, Florida facility. This initiative includes the construction of two cage-free layer houses and a pullet house with capacity for 400,000 cage-free hens and 210,000 pullets. Construction begins immediately, targeting completion by February 1, 2023. The funding will come from a mix of available cash and operating cash flow. This move aligns with Cal-Maine's strategy to bolster its presence in the specialty egg market and meet rising demand.