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Cal-Maine Foods beats sales expectations as egg prices jump [MarketWatch]

Cal-Maine Foods, Inc (CALM)  More Company Research Source: MarketWatch
Last cal-maine foods, inc earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
PDF Cal-Maine Foods beats sales expectations as egg prices jump Cal-Maine Foods Inc. CALM, -5.15% reported Monday fiscal third-quarter net income that rose to $96.3 million, or $1.99 a share, from $4.1 million, or 9 cents a share, in the same period a year ago, amid a continued increase in egg prices. The egg seller said results included a per-share benefit of 72 cents from recent tax legislation. The FactSet consensus for earnings per share was $1.51. Sales grew 42% to $435.8 million, beating the FactSet consensus of $425.5 million, as dozens of eggs sold rose to 273.2 million from 263.6 million. The net average selling price for a dozen eggs jumped to $1.545 from $1.130, while the net average selling price for a dozen specialty eggs slipped to $1.933 from $1.965. Feed costs per dozen eggs were flat at 39.6 cents. "While production has moderated, the laying hen flock size has moved up modestly compared with prior-year levels, resulting in an improved balance of supply and demand," sai [Read more]

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