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) will announce its second quarter fiscal 2022 financial results on December 28, 2021, with a press release following market close. The company is the largest producer and distributor of fresh shell eggs in the United States, focusing on various egg categories such as conventional, cage-free, organic, and more. Headquartered in Ridgeland, Mississippi, Cal-Maine sells most of its products across multiple U.S. regions including the southwestern, southeastern, mid-western, and mid-Atlantic areas.
Revitalist has signed a lease for its 8th psychedelic assisted psychotherapy clinic in Bethesda, Maryland, which will span 6,092 square feet with 10 infusion rooms. The clinic is set to open by December 31, 2021, and aims to provide over 10,400 ketamine infusions annually. This expansion increases the Company’s total space to 53,792 square feet and 109 treatment rooms across its locations. CEO Kathryn Walker emphasizes the significance of being in Maryland, highlighting the region's medical institutions and the rising mental health crisis in the U.S.
Cal-Maine Foods (NASDAQ: CALM) will participate in the Stephens 2021 Annual Investment Conference from December 1-3, 2021 at The Omni Hotel in Nashville, Tennessee. The fireside chat featuring Dolph Baker (Chairman & CEO), Sherman Miller (President & COO), and Max Bowman (CFO) will take place on Thursday, December 2, 2021, at 8:00 a.m. Central Time. Investors can access the live webcast through the company's website, with a replay available for 90 days.
Cal-Maine Foods (NASDAQ: CALM) announces leadership changes as Mike Castleberry retires from his role as Vice President and Controller effective January 2022. Matt Glover will take over the role, transitioning from Director of Financial Reporting, effective November 29, 2021. Additionally, Jia Scott has been appointed Vice President - Treasury, while Rhonda Whiteman becomes Vice President - Operational Accounting. These changes aim to strengthen the company’s financial management as it continues its growth strategy.
Cal-Maine Foods (NASDAQ: CALM) has greenlit a $23 million capital project to expand cage-free egg production at its Okeechobee, Florida facility. This initiative includes the construction of two cage-free layer houses and a pullet house with capacity for 400,000 cage-free hens and 210,000 pullets. Construction begins immediately, targeting completion by February 1, 2023. The funding will come from a mix of available cash and operating cash flow. This move aligns with Cal-Maine's strategy to bolster its presence in the specialty egg market and meet rising demand.
Cal-Maine Foods announced a strategic investment in a new entity, MeadowCreek Foods, based in Neosho, Missouri, focusing on high-value commercial egg products, particularly hard-cooked and extended shelf-life eggs. The company plans to invest up to $18.5 million in debt and equity to support this venture, maintaining a controlling interest. MeadowCreek aims to enhance Cal-Maine's reach in the foodservice sector, meeting the increasing demand for specialty eggs, including cage-free products. Ronald B. Bennett, with 30 years of industry experience, will lead the new operations.
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced key management changes effective October 1, 2021. Jeff Hardin is promoted to Senior Vice President of Sales, with Scott Hull taking over his previous role as Vice President of Sales. Daryl Sargent is appointed Director of Eastern Sales, while Jessica Hanslik becomes Director of Western Sales. Hardin brings over three decades of experience, while Hull has been with the company since 2009. The management reshuffle aims to maintain strong sales growth and customer relationships in the competitive egg production market.
Cal-Maine Foods reported a net sales increase to $331.7 million for Q1 of fiscal 2022, up from $292.8 million year-over-year. Despite achieving a 13.3% sales growth, the company faced a net loss of $18 million, an improvement from a $19.4 million loss in the same quarter last year. Average shell egg pricing rose to $1.24 per dozen, yet total egg sales volume dropped 1.7%. Production costs surged, particularly due to a 40.5% rise in feed expenses. The company will not pay a dividend this quarter due to cumulative losses of $22.3 million.
Cal-Maine Foods, Inc. (NASDAQ: CALM) will release its first quarter fiscal 2022 financial results on September 28, 2021. The results will be announced after market trading closes. Cal-Maine is the largest producer and distributor of fresh shell eggs in the United States, offering a range of products including conventional, cage-free, organic, and nutritionally enhanced eggs. The company is headquartered in Ridgeland, Mississippi, and serves regions across the southwestern, southeastern, mid-western, and mid-Atlantic United States.
