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 reports developments in U.S. egg production, specialty shell eggs and egg-based prepared foods. The company produces, grades, packages, markets and distributes shell eggs, with products spanning conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs for retail and foodservice customers.
Recurring updates include quarterly operating results, shell egg pricing and volumes, sales mix between conventional and specialty eggs, prepared-foods growth, acquisitions of production assets, investor-conference appearances and board governance matters. Company news also references brands such as Eggland’s Best, Land O’Lakes, Farmhouse Eggs, 4Grain, Sunups, Sunny Meadow, MeadowCreek Foods and Crepini, along with prepared-food formats including pre-cooked egg patties, omelets, hard-cooked eggs, pancakes, waffles and wraps.
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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. Todd Walters has been named Chief Operating Officer, while Matt Whiteman takes on the role of Vice President, Operations. Walters has extensive experience with Cal-Maine since 1997, previously serving as Vice President of Operations for South Texas and managing various locations. Whiteman has been with the company since 2011, most recently as General Manager in Waelder, Texas. Both leaders aim to enhance operational efficiency and sustain the company’s market position as the largest producer and distributor of fresh shell eggs in the U.S.