Cal Maine Foods Inc
- Cal-Maine Foods Inc. dropped 4.5% to $86.30 after the egg producer reported fiscal third quarter 2025 results ending in March.
Net sales edged up to $1.42 billion from $703.1 million, net income jumped to $508.5 million from $146.7 million, and diluted earnings per share rose to $10.38 from $3.00 a year ago.
The company sold a record 331.4 million dozen shell eggs, representing a 10.2% increase, including the contribution from acquisitions, compared with 300.8 million dozens for the third quarter of fiscal 2024.
Sales of conventional eggs totaled 213.2 million dozens, compared with 192.2 million dozens for the prior-year period, an increase of 11.0%.
Specialty egg volumes also increased by 8.8% to 118.1 million dozens sold for the third quarter of fiscal 2025 compared with 108.6 million dozens sold for the prior-year period.
Demand was strong during the third fiscal quarter, which is typically a period of higher seasonal demand.
The company said it will proceed with the acquisition of Echo Lake Foods Inc. for approximately $258 million.
Cal-Maine proposed a cash dividend of $3.46 per share for a total of approximately $170 million.
In addition, the company approved a $500 million share repurchase program.
Apr 9, 2025 - Cal-Maine Foods dropped 5.2% to $52.05 after the egg producer reported fiscal second-quarter results.
Revenue plunged in the quarter after the average selling price per dozen fell to $1.70 from $2.70 and the number of dozne eggs sold increased to 288.2 million from 284.0 million, respectively, in the previous year.
Revenue in the quarter dropped to $523.2 million from $801.7 million, net income declined to $16.6 million from $198.3 million, and diluted earnings per share dropped to 35 cents from $4.07 a year ago.
Jan 4, 2024 - Cal-Maine Foods Inc plunged 7.7% to $44.05 after the egg producer reported sharply lower sales in its latest quarter after prices declined.
Revenue in the fiscal first quarter ending in September decreased to $459.3 million from $658.3 million and net income plunged to $926,000 from $125.1 million and diluted earnings per share plunged to 2 cents from 2 cents from $2.57 a year ago.
Dozens eggs sold declined to 273.1 million from 275.3 million and net average selling price per dozen plunged to $1.58 from $2.27 a year ago.
Oct 4, 2023
| Year | Aug | Nov | Mar | Jun | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 6.62 | 2.26 | 0.02 | 0.35 | - | |
| 2022 | 0.81 | 2.26 | 2.57 | 4.07 | 15.52 | |
| 2021 | 0.28 | -0.09 | -0.37 | 0.02 | 2.72 | |
| 2020 | 0.28 | 1.25 | -0.4 | 0.25 | 0.04 | |
| 2019 | 0.82 | -0.41 | -0.94 | -0.21 | 0.38 | |
| 2018 | 1.99 | 1.48 | 0.26 | 0.45 | 1.12 | |
| 2017 | 0.09 | 0.51 | 0.33 | 0.55 | 1.48 | |
| 2016 | 1.33 | 0.01 | 0.64 | 0.48 | 2.46 | |
| 2015 | 1.05 | 0.95 | 2.95 | 2.26 | 7.21 | |
| 2014 | 0.57 | 0.76 | 0.89 | 0.65 | 2.26 | |
| 2013 | 0.18 | 0.54 | 0.64 | -0.08 | 1.05 | |
| 2012 | 0.20 | 0.30 | 0.55 | 0.78 | 1.88 | |
| 2011 | 0.07 | 0.49 | 0.70 | 0.16 | 1.27 | |
| 2010 | 0.10 | 0.32 | 0.73 | 0.44 | 1.42 | |
| 2009 | -0.08 | 0.34 | 0.65 | 0.22 | 1.67 | |
| 2008 | 0.24 | 0.57 | 1.21 | 0.77 | 3.2 | |
| 2007 | 0.38 | 0.85 | 0.37 | 0.39 | 0.78 | |
| 2006 | -0.12 | 0.14 | 0.17 | 0.00 | -0.02 | |
| 2005 | -0.18 | -0.02 | 0.05 | -0.13 | -0.22 |