Cal-Maine Foods Inc

CALM

Equity

ISIN US1280302027 / Valor 915481

NASDAQ (2024-11-21)

USD 95.78+1.06%

Cal-Maine Foods Inc
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About company

Cal-Maine Foods Inc is a leading producer and supplier of fresh shell eggs and egg products in the United States, with a focus on sustainability and quality. The company operates primarily in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the country, selling its products to customers in these areas. Founded in 1957 and headquartered in Ridgeland, Mississippi, Cal-Maine Foods Inc strives to maintain efficient, state-of-the-art operations close to its customer base, creating value for shareholders, customers, team members, and communities.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Quarterly Net Sales

Cal-Maine Foods Inc. reported net sales of $703.1 million for the third quarter of fiscal 2024. This represents a decrease from the $997.5 million reported in the same period last year, which was the company's highest quarterly sales period due to record high average selling prices for eggs.

Net Income

For the third quarter of fiscal 2024, Cal-Maine Foods Inc. achieved a net income of $146.4 million, or $3.01 per basic common share. This is a significant decrease compared to the net income of $323.2 million, or $6.62 per diluted share, reported in the third quarter of fiscal 2023.

Record Sales Volume

Cal-Maine Foods Inc. set a new record for quarterly sales volume in the third quarter of fiscal 2024, selling 300.8 million dozens of eggs. This includes 192.2 million dozens of conventional eggs and 108.6 million dozens of specialty eggs, marking increases of 2.6% and 4.4% respectively over the prior-year period.

Dividend Payment

Cal-Maine Foods Inc. announced a cash dividend of $48.9 million, or $1.00 per share, for the third quarter of fiscal 2024. This dividend is in line with the company's established policy of paying one-third of its quarterly net income to shareholders.

Operating Income

Operating income for Cal-Maine Foods Inc. in the third quarter of fiscal 2024 was $162.8 million, down from $407.8 million in the same quarter of the previous year. The decline is primarily attributed to lower market prices for eggs, although the company benefited from reduced feed ingredient costs.

Summarized from source with an LLMView Source

Key figures

101%1Y

160%3Y

121%5Y

Performance

27.0%1Y

32.2%3Y

31.9%5Y

Volatility