Why Cal-Maine Foods Stock Popped Today [Yahoo! Finance]
Cal-Maine Foods, Inc. (CALM)
Last cal-maine foods, inc. earnings: 1/5 06:30 am
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US:NASDAQ Investor Relations:
calmainefoods.com/investors
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Source: Yahoo! Finance
This occurred despite news of a new Avian flu outbreak at one of its facilities. Cal-Maine Foods' better-than-feared quarter For its fiscal third quarter ended March 2, 2024, Cal-Maine Foods' revenue declined 29.5% year over year to $703.1 million, translating to net income of $146.7 million, or $3 per share (down from $6.62 per share in the same year-ago period). Analysts, on average, were only modeling earnings of $2.46 per share on revenue closer to $692 million. Delving deeper into its results, the company's revenue decline was driven entirely by lower average selling prices. In last year's fiscal Q3, shell egg prices stood at record highs, due to a combination of supply chain challenges and the impact of multiple avian flu outbreaks across the country. The net average selling price per dozen was $2.152 during the quarter, down 41.5% from the same year-ago period, but overall sales and earnings were bolstered by record quarterly sales volume in terms of total dozens sold.
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CALM
News
- US bird flu outbreak spreads to chickens, cattle, raises concerns over human infections [Reuters]Reuters
- TIMELINE- US bird flu outbreak spreads to chickens, cattle, raises concerns over human infections [Yahoo! Finance]Yahoo! Finance
- Income Investors Should Know That Cal-Maine Foods, Inc. (NASDAQ:CALM) Goes Ex-Dividend Soon [Yahoo! Finance]Yahoo! Finance
- Bird flu outbreak is driving up egg prices — again [CBS News]CBS News
- Bird flu resurgence drives up egg prices, spurring some to stock up [CNBC]CNBC
CALM
Earnings
- 10/3/23 - Beat
CALM
Sec Filings
- 4/5/24 - Form 3
- 4/4/24 - Form 8-K
- 4/2/24 - Form 10-Q
- CALM's page on the SEC website