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Cal-Maine Foods posted solid Q4 results with strong revenue and net income growth, driven by higher average selling prices and record specialty egg sales, despite ongoing HPAI challenges.
Net income jumped to $342.5M from $113.2M last year
Net sales rose to $1.1B driven by higher egg prices and volumes
Record specialty dozens sold, up 16% YoY
Significant production expansion with more breeder flocks and chicks hatched
Cal-Maine expects to continue expanding production capacity and diversify its product portfolio with the Echo Lake Foods acquisition, while managing HPAI-related risks.