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 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.
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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.
Cal-Maine Foods (NASDAQ: CALM) will participate in the Bank of America 2021 Consumer & Retail Technology Conference from March 9-11, 2021. The event will be held virtually due to COVID-19. Dolph Baker, chairman and CEO, and Max Bowman, CFO, will present on March 10, 2021, at 12:30 p.m. Eastern Time, with a live audio webcast available for investors. The company is the largest producer and distributor of fresh shell eggs in the U.S., offering a variety of products, including cage-free and organic eggs.
Cal-Maine Foods reported net sales of $347.3 million for Q2 FY2021, an 11.5% increase from Q2 FY2020. The company had a net income of $12.2 million or $0.25 per share, compared to a loss of $10.1 million last year. For the 26-week period, sales rose to $640.1 million, while the net loss improved to $7.2 million. Specialty eggs accounted for 39.7% of sales, with 17.7% growth in specialty dozens sold. The company remains focused on growth in cage-free production, having invested $405 million in facilities. No dividend was declared due to cumulative losses.
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