Cal-Maine Foods Earnings Reports

The company delivered exceptional quarterly performance, driven by increased production capacity, high demand, and strategic acquisitions. Net sales doubled year-over-year, with EPS more than tripling.

Cal-Maine Foods reported a significant increase in net sales and net income for the second quarter of fiscal 2025, driven by robust demand for shell eggs and higher market prices. Net sales reached $954.7 million, and net income was $219.1 million, or $4.47 per diluted share. The company benefited from increased dozens sold, including a seasonal boost and sales from recent acquisitions, and managed production effectively despite supply restrictions due to avian influenza.

Cal-Maine Foods reported a strong first quarter for fiscal year 2025, with increased net sales and net income compared to the same period last year. The company benefited from favorable demand and higher market prices for shell eggs, despite a decline in the national egg supply.

Cal-Maine Foods reported Q4 net sales of $640.8 million and net income of $113.2 million, or $2.32 per diluted share. The company experienced a decrease in sales revenue primarily due to lower sales volumes, but net income increased slightly compared to the same quarter last year. They are expanding production capacity for specialty and cage-free eggs.

Cal-Maine Foods reported a decrease in net sales and net income for the third quarter of fiscal 2024 compared to the same period last year, primarily due to lower average selling prices of eggs. However, sales volumes increased, and the company achieved record quarterly sales volume of total and specialty dozens sold.

Cal-Maine Foods reported net sales of $523.2 million and net income of $17.0 million, or $0.35 per diluted share, for the second quarter of fiscal 2024. The results reflect a decrease in average selling prices but were supported by a slight increase in sales volumes.

Cal-Maine Foods reported a decrease in net sales to $459.3 million and a significant drop in net income to $0.926 million, or $0.02 per diluted share, compared to the prior-year quarter, primarily due to lower conventional egg prices, although specialty egg prices increased.

Cal-Maine Foods reported net sales of $688.7 million and net income of $110.9 million for the fourth quarter of fiscal year 2023. The company's performance was driven by increased sales volumes and higher average selling prices, reflecting strong consumer demand and the impact of the HPAI outbreak. Cal-Maine Foods will pay a cash dividend of approximately $0.76 per share.

Cal-Maine Foods reported net sales of $997.5 million and net income of $323.2 million for the third quarter of fiscal 2023. The results reflect significantly higher market prices and favorable demand, boosted by the busy holiday season. The company remained focused on disciplined management of costs despite continued inflationary pressures and a tight labor market.

Cal-Maine Foods reported record net sales of $801.7 million and net income of $198.6 million for the second quarter of fiscal 2023. The results were driven by record average selling prices for conventional eggs due to reduced supply related to the outbreak of highly pathogenic avian influenza (HPAI) and good customer demand.

Cal-Maine Foods reported record first quarter sales for fiscal year 2023, with a 103% increase in net sales compared to the same quarter last year. The company's performance was driven by higher average selling prices and record specialty egg sales volumes. Net income for the quarter was $125.3 million, or $2.58 per basic share.

Cal-Maine Foods reported a record fourth quarter with net income of $110.0 million, or $2.25 per diluted common share, and net sales of $593.0 million, up 69.5% year-over-year. The company also announced a fourth-quarter cash dividend of $0.75 per share and approved a $55.3 million capital project to convert existing layer capacity to cage-free capacity.

Cal-Maine Foods reported a record third quarter revenue, with net sales increasing by 33.0% to $477.5 million. The company's net income rose to $39.5 million, or $0.81 per share, compared to $13.5 million, or $0.28 per share, in the prior-year quarter.

Cal-Maine Foods reported a 12.5% increase in net sales to $390.9 million, driven by improved shell egg pricing. The company reported a net income of $1.2 million, or $0.02 per basic and diluted common share.

Cal-Maine Foods reported a net loss of $18.0 million for the first quarter of fiscal year 2022, despite a 13.3% increase in net sales to $331.7 million. Results were impacted by lower conventional egg sale volumes and higher production costs, particularly related to increased feed costs.

Cal-Maine Foods reported a net loss for the fourth quarter of fiscal year 2021, with a decrease in net sales compared to the same period last year. The company experienced lower average selling prices and reduced volumes for conventional eggs, while specialty egg sales showed a slight increase.

Cal-Maine Foods reported a 3.9% increase in net sales for the third quarter of fiscal 2021, reaching $359.1 million. Net income was $13.5 million, or $0.28 per basic and diluted share, which is comparable to the previous year's $13.7 million.

Cal-Maine Foods reported net sales of $347.3 million for the second quarter of fiscal 2021, an 11.5% increase compared to the previous year. The company achieved a net income of $12.2 million, or $0.25 per basic and diluted share, a significant improvement from the net loss of $10.1 million, or $0.21 per share, in the second quarter of fiscal 2020.

Cal-Maine Foods reported a net loss of $19.4 million for the first quarter of fiscal 2021, despite a 21.4% increase in net sales to $292.8 million. The results reflect continued challenging market conditions due to the COVID-19 pandemic, with volatile egg prices and decreased food service demand impacting profitability. However, retail demand remained strong, and specialty egg sales increased.

Cal-Maine Foods reported a strong fourth quarter for fiscal year 2020, with a substantial increase in net sales and a return to profitability compared to the same quarter last year. The company benefited from increased demand and higher egg prices driven by the COVID-19 pandemic and seasonal factors.

Cal-Maine Foods reported net sales of $345.6 million for the third quarter of fiscal 2020, a 10.0 percent decrease compared to the same quarter last year. Net income for the quarter was $13.7 million, or $0.28 per basic and diluted share, compared to $39.8 million, or $0.82 per share, for the third quarter of fiscal 2019.

Cal-Maine Foods reported a decrease in net sales and a net loss for the second quarter of fiscal year 2020, primarily due to challenging market conditions and lower average selling prices. While sales volumes remained relatively flat, the company experienced a decline in average selling prices and lost a portion of non-specialty egg sales to a major customer. However, the specialty egg business remains a key component of their growth strategy.