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Aug 31, 2024
Cal-Maine Foods Q1 2025 Earnings Report
Cal-Maine Foods' first quarter of fiscal year 2025 marked a strong start, driven by favorable demand and higher market prices for shell eggs, offset by a decline in the national egg supply due to avian influenza.
Key Takeaways
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.
Net sales for the quarter reached $785.9 million, up from $459.3 million in the prior year.
Net income for the quarter was $150.0 million, or $3.06 per diluted share, a significant increase from $926,000, or $0.02 per diluted share, in the same quarter last year.
Total dozens of shell eggs sold increased to 310.0 million, compared to 273.1 million in the first quarter of fiscal 2024.
The company experienced lower farm production costs per dozen, driven by more favorable commodity pricing for key feed ingredients.
Revenue by Segment
Forward Guidance
The company is focused on meeting the needs of its valued customers with quality products and outstanding support and service and looks forward to the opportunities ahead for Cal-Maine Foods.
Positive Outlook
- The company is expanding its capacity, including cage-free and other specialty egg production.
- The company is making investments in innovative, scale-driven products and facilities.
- The company has identified opportunities to enhance its product portfolio through strategic acquisitions and joint ventures.
- The company has a strong balance sheet.
- The company has a disciplined capital allocation strategy that supports its growth objectives.
Challenges Ahead
- Outbreaks of HPAI have continued to occur in U.S. poultry flocks.
- The extent of possible future outbreaks, with heightened risk during the migration seasons, and more recent HPAI events, which have been directly linked to dairy cattle operations, cannot be predicted.
- Uncertain external forces including weather patterns and global supply chain disruptions could cause price volatility.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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