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 appointed Judd Stevens as Vice President, Operations, effective July 23, 2024. Stevens, with over 20 years of experience at Cal-Maine, will oversee the company's recently acquired assets from ISE in Delaware, Maryland, New Jersey, and South Carolina. This strategic move aims to enhance Cal-Maine's market reach in the Northeast and Mid-Atlantic states, expanding its production and distribution capabilities in these regions.
Stevens' extensive knowledge of Cal-Maine's operating model is expected to be important in integrating the new assets and driving value from the acquisition. The company, headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States, offering a variety of egg products including conventional, cage-free, organic, and nutritionally enhanced options.
Cal-Maine Foods (NASDAQ: CALM) reported solid Q4 fiscal 2024 results amid challenging industry conditions. Key highlights include:
- Q4 net sales: $640.8 million
- Q4 net income: $113.2 million ($2.32 per diluted share)
- Fiscal year 2024 net sales: $2.3 billion
- Fiscal year 2024 net income: $277.9 million ($5.69 per diluted share)
- Cash dividend: $0.77 per share
The company faced HPAI outbreaks but continued to meet customer demands. Cal-Maine completed two asset acquisitions in fiscal 2024 and one after the fiscal year-end, enhancing market reach. Q4 farm production costs per dozen decreased 14.3% year-over-year, primarily due to lower feed costs. The company remains focused on expanding production capacity for specialty and cage-free eggs to meet consumer demand trends.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has released its Fiscal 2023 Sustainability Report, marking the fifth year of sharing progress on key sustainability initiatives. The report utilizes the United Nations Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) framework.
CEO Sherman Miller highlighted improvements in the reporting format, providing more data-focused and concise disclosures. The company aims to be the most sustainable producer and reliable supplier of high-quality fresh eggs in the country, demonstrating a 'Culture of Sustainability' in all operations.
Cal-Maine Foods is the largest producer and distributor of fresh shell eggs in the United States, offering a variety of egg types including conventional, cage-free, organic, and nutritionally enhanced options. The report is available on the company's website at www.calmainefoods.com.
Cal-Maine Foods, the largest producer and distributor of fresh shell eggs in the United States, has announced the release date for its fourth quarter and fiscal 2024 financial results. The results will be disclosed on July 23, 2024, following the market close. The company, based in Ridgeland, Mississippi, operates primarily in the production, grading, packaging, marketing, and distribution of various types of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced eggs. Cal-Maine Foods distributes its products predominantly across the southwestern, southeastern, mid-western, and mid-Atlantic regions of the U.S.
Cal-Maine Foods (NASDAQ: CALM) has completed the acquisition of ISE America's egg production assets for approximately $110 million, funded with available cash. The acquisition includes assets such as commercial egg production facilities with a capacity of 4.7 million laying hens, feed mills, and 4,000 acres of land. The acquired assets also feature an egg products breaking facility and an extensive customer distribution network across the Northeastern and Mid-Atlantic states. This strategic acquisition aims to enhance Cal-Maine's market presence in these regions, adding new production capacities in Maryland, New Jersey, Delaware, and South Carolina.
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