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 (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.
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.
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.
