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 (Symbol: CALM) is the largest producer and marketer of shell eggs in the United States. Founded in 1969, the company has grown to dominate approximately 19% of the domestic shell egg consumption. Cal-Maine Foods operates a robust total flock, comprising approximately 26.2 million layers, 6.6 million pullets, and breeders, making it the country's leading egg producer. The primary business operations include production, grading, packaging, marketing, and distribution of shell eggs, catering to national and regional grocery chains, club stores, and food service distributors across 29 states, predominantly in the southwestern, southeastern, mid-western, and mid-Atlantic regions.
The company's product portfolio features a wide range of shell eggs, including nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets these products under well-known brands such as Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain. These brands are widely recognized for their quality and nutritional benefits.
In recent years, Cal-Maine Foods has focused on expanding its market reach and enhancing its production capabilities. The company has invested significantly in technology to improve efficiency and maintain high standards of animal welfare. Additionally, strategic partnerships and acquisitions have played a crucial role in its growth trajectory.
Financially, Cal-Maine Foods has demonstrated strong performance, reflecting its leading position in the market. The company reports its operations under a single segment, emphasizing its concentrated focus on the shell egg market. Staying abreast of consumer trends, Cal-Maine Foods continues to innovate, addressing the increasing demand for specialty eggs and sustainable farming practices.
Overall, Cal-Maine Foods stands out for its extensive distribution network, commitment to quality, and ongoing efforts to meet the evolving preferences of consumers. For investors and stakeholders, the company's continuous growth and adaptation to market dynamics make it a significant player in the agricultural sector.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will participate in the 26th Annual Burkenroad Reports Investment Conference on April 28, 2023, at The Ritz Carlton, New Orleans. The presentation, led by President and CEO Sherman Miller and CFO Max Bowman, starts at 10 a.m. Central Time. Attendees can access a supporting slide presentation on the Cal-Maine Foods investors page. The event is complimentary and open to the public, with registration available at Burkenroad Reports. As the largest producer and distributor of fresh shell eggs in the U.S., Cal-Maine focuses on various egg types, including organic and cage-free, reaching markets across numerous states.
Cal-Maine Foods reported robust results for Q3 fiscal 2023, achieving net sales of $997.5 million and a net income of $323.2 million, or $6.62 per diluted share. This marks a significant increase from $477.5 million in sales and $39.5 million in net income during the same period last year. The quarterly cash dividend is set at $2.20 per share. Strong conventional egg prices, driven by ongoing avian influenza impacts, supported these results. However, the company faces rising costs in feed and operations due to inflation and market volatility. Total egg sales grew 1.3%, with specialty eggs representing 35.7% of total sales, up from 33.1% the previous year.
Cal-Maine Foods (NASDAQ: CALM) announced key leadership changes effective March 27, 2023.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will announce its third quarter fiscal 2023 financial results on March 28, 2023, after market close. The company is the largest producer and distributor of fresh shell eggs in the United States, offering various types including conventional, cage-free, organic, and more. Cal-Maine operates primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions, focusing on the grading and marketing of shell eggs. Investors should keep an eye on the upcoming earnings report for insights into the company’s performance and market trends.
Cal-Maine Foods announced a partnership with Entegrity Energy Partners to install a 4.15 megawatt solar array at its Searcy, Arkansas facility. This 28-acre project aims to offset approximately 91% of the facility's electricity usage, enhancing energy self-sufficiency and reducing greenhouse gas emissions. Construction is expected to commence in Q2 2023, pending approval from the Arkansas Public Service Commission. Tim Thompson, Cal-Maine's VP of Operations, emphasized the company's commitment to sustainability, while Entegrity's president highlighted the growing demand for solar solutions in Arkansas due to favorable regulations and sustainability goals.
Cal-Maine Foods reported record results for Q2 fiscal 2023, with net sales of $801.7 million, a 110% increase year-over-year, and net income of $198.6 million, or $4.08 per share. This performance was driven by higher egg prices amid reduced supply due to the avian influenza outbreak. The cash dividend declared is $1.35 per share. The company also reported a 39.6% gross profit margin, aided by a shift towards specialty egg sales, which accounted for 29.4% of revenue. However, feed costs rose significantly by 29.5% compared to last year.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its second quarter fiscal 2023 financial results on December 28, 2022. A press release is scheduled after market close. As the largest producer and distributor of fresh shell eggs in the U.S., Cal-Maine offers a variety of egg types including conventional, cage-free, and organic. The company operates out of Ridgeland, Mississippi, selling primarily in southwestern, southeastern, mid-western, and mid-Atlantic states.
Cal-Maine Foods (NASDAQ: CALM) will participate in the Stephens 2022 Annual Investment Conference from November 15-17, 2022, at The Grand Hyatt in Nashville, Tennessee. A fireside chat featuring Dolph Baker, Sherman Miller, and Max Bowman is scheduled for November 16 at 2:00 p.m. CT. The presentation will be available to investors via a live audio webcast, accessible through the company's investor relations page. A replay will be available for 90 days. Cal-Maine, headquartered in Ridgeland, Mississippi, is the largest producer of fresh shell eggs in the U.S.
Cal-Maine Foods announces the appointment of Sherman L. Miller as its new President and Chief Executive Officer, effective immediately. He succeeds Dolph Baker, who will remain Chairman of the Board and actively involved in the company’s management. Miller has over 26 years of experience with Cal-Maine, most recently serving as President and Chief Operations Officer. The transition aligns with the Board's succession planning process. Both leaders express confidence in the company's growth trajectory and commitment to a sustainable operational strategy.
Cal-Maine Foods, Inc. (NASDAQ: CALM) provided an update on its facilities in Florida following Hurricane Ian. The company reported only minor physical damage and light flooding at some farms and production facilities. Power outages are affecting operations, which are being managed with backup generators. Importantly, Cal-Maine does not expect any significant loss in egg production. The company is closely monitoring the situation and prioritizing employee safety and animal welfare during this challenging time.
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