STOCK TITAN

Cal-Maine Foods Inc - CALM STOCK NEWS

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.

Rhea-AI Summary

Cal-Maine Foods (NASDAQ: CALM) reported record first-quarter fiscal 2023 results, ending August 27, 2022, with net sales of $658.3 million, a 103% increase year-over-year. The company achieved net income of $125.3 million, or $2.58 per share, and a gross profit margin of 33.0%. Specialty egg sales surged with a revenue increase of 35.1% in units sold. The company announced a cash dividend of $0.85 per share. Challenges include inflationary pressures on costs and ongoing supply concerns due to the avian influenza outbreak.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
dividends earnings
-
Rhea-AI Summary

Cal-Maine Foods (NASDAQ: CALM) announced it will release its Q1 fiscal 2023 financial results on September 27, 2022, after market close. The company is the largest producer and distributor of fresh shell eggs in the United States, offering various egg types including conventional, cage-free, and organic. Headquartered in Ridgeland, Mississippi, Cal-Maine serves a wide market across the southwestern, southeastern, mid-western, and mid-Atlantic regions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.81%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
Tags
none
Rhea-AI Summary

Cal-Maine Foods reported a record net income of $110.0 million for Q4 2022, equating to $2.25 per diluted share, a substantial increase from a net loss of $4.2 million the previous year. Q4 net sales soared 69.5% year-over-year to $593.0 million, while total fiscal 2022 net income reached $132.7 million, with a gross margin of 19.0%. The company declared a cash dividend of $0.75 per share and plans a $55.3 million capital project to enhance cage-free production. Despite inflationary pressures, demand for specialty eggs drove higher sales and profitability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
dividends earnings
-
Rhea-AI Summary

Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its fourth quarter and fiscal 2022 financial results on July 19, 2022. A press release will follow the close of market trading. Cal-Maine, headquartered in Ridgeland, Mississippi, is the largest producer of fresh shell eggs in the United States. The company specializes in various types of eggs including conventional, cage-free, organic, and free-range, distributing primarily across the southwestern, southeastern, mid-western, and mid-Atlantic regions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
Tags
-
Rhea-AI Summary

Cal-Maine Foods (NASDAQ: CALM) has announced its participation in Oppenheimer's 22nd Annual Consumer Growth and E-Commerce Conference, scheduled for June 14-15, 2022. The company's CEO Dolph Baker and CFO Max Bowman will engage in a fireside chat on June 15 at 12:00 p.m. ET, accessible through a live audio webcast. The event's link and a supporting presentation will be available on the Cal-Maine Foods investor relations page. The company is the largest producer of fresh shell eggs in the U.S., offering various egg types from cage-free to organic.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
conferences
Rhea-AI Summary

Cal-Maine Foods, Inc. (NASDAQ: CALM) will participate in the BMO Global Farm to Market Conference on May 18-19, 2022, at The Lotte New York Palace in New York City. The fireside chat featuring Dolph Baker, CEO, and Max Bowman, CFO, is scheduled for 10:15 a.m. Eastern Time on May 18, and will be accessible via a live audio webcast. Cal-Maine, based in Ridgeland, Mississippi, is the largest producer of fresh shell eggs in the U.S., offering a variety of egg types including organic and cage-free options.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
conferences
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.89%
Tags
conferences
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags

FAQ

What is the current stock price of Cal-Maine Foods (CALM)?

The current stock price of Cal-Maine Foods (CALM) is $95.78 as of November 21, 2024.

What is the market cap of Cal-Maine Foods (CALM)?

The market cap of Cal-Maine Foods (CALM) is approximately 4.7B.

What does Cal-Maine Foods Inc do?

Cal-Maine Foods Inc is the largest producer and marketer of shell eggs in the US, involved in the production, grading, packaging, marketing, and distribution of shell eggs.

What are the primary products offered by Cal-Maine Foods?

Cal-Maine Foods offers a variety of shell eggs, including nutritionally enhanced, cage-free, organic, and brown eggs under brands like Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain.

Which regions does Cal-Maine Foods primarily serve?

Cal-Maine Foods primarily serves 29 states, focusing on the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.

How large is Cal-Maine Foods' total flock?

Cal-Maine Foods' total flock includes approximately 26.2 million layers, 6.6 million pullets, and breeders.

What are some recent achievements of Cal-Maine Foods?

Recent achievements include expanding market reach, enhancing production capabilities through technology investment, and forming strategic partnerships and acquisitions.

What makes Cal-Maine Foods a leader in the shell egg market?

Cal-Maine Foods' leadership is attributed to its large market share, extensive distribution network, high-quality products, and commitment to innovation and sustainability.

How does Cal-Maine Foods address consumer trends?

The company addresses consumer trends by offering specialty eggs and maintaining sustainable farming practices, meeting the growing demand for these products.

What is the financial condition of Cal-Maine Foods?

Cal-Maine Foods has demonstrated strong financial performance, reflecting its market-leading position and focused operations in the shell egg market.

What brands does Cal-Maine Foods market its products under?

Cal-Maine Foods markets its shell eggs under brands such as Egg-Land's, Land O' Lakes, Farmhouse, and 4-Grain.

What are some strategic initiatives undertaken by Cal-Maine Foods?

Strategic initiatives include technology investments to improve efficiency and animal welfare, and partnerships and acquisitions to support growth and market expansion.

Cal-Maine Foods Inc

Nasdaq:CALM

CALM Rankings

CALM Stock Data

4.67B
45.49M
8.01%
90.21%
5.89%
Farm Products
Consumer Defensive
Link
United States of America
RIDGELAND