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Cal-Maine Foods Inc (CALM.OQ)

CALM.OQ on NASDAQ Stock Exchange Global Select Market

43.06USD
16 Aug 2019
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$1.25 (+2.99%)
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Volume
184,172
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Latest Key Developments (Source: Significant Developments)

Cal-Maine Foods Q4 Loss Per Share $0.41
Monday, 22 Jul 2019 06:30am EDT 

July 22 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS FOURTH QUARTER AND FISCAL 2019 RESULTS.Q4 LOSS PER SHARE $0.41.Q4 SALES $280.6 MILLION VERSUS REFINITIV IBES ESTIMATE OF $290.9 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $-0.34 -- REFINITIV IBES DATA.IN SPITE OF CHALLENGING CONDITIONS, OUR PRODUCTION FACILITIES RAN WELL THROUGHOUT YEAR.QTRLY FARM PRODUCTION COSTS PER DOZEN WERE UP 1.7 PERCENT OVER Q4 LAST YEAR.CAL-MAINE FOODS - UNFAVORABLE SUPPLY & DEMAND BALANCE, ANTICIPATED FUTURE EGG SUPPLY GROWTH TRENDS CONTINUED TO AFFECT MARKET PRICES, OUR BUSINESS.SPECIALTY EGGS, EXCLUDING CO-PACK SALES, ACCOUNTED FOR 23.3% OF SALES VOLUMES FOR Q4, VERSUS 25.5 %.SPECIALTY EGG PRICES WERE DOWN 1.2 PERCENT FOR Q4 BUT WERE UP 0.8 PERCENT FOR YEAR..REMAIN FOCUSED ON GROWING OUR SPECIALTY EGG BUSINESS, INCLUDING ADDRESSING EXPECTED HIGHER DEMAND FOR CAGE-FREE EGGS.MAKING NECESSARY INVESTMENTS IN OUR OPERATIONS TO EXPAND OUR CAGE-FREE CAPACITY.CAL-MAINE FOODS - AS OF JUNE 1, INCLUDING NEW EXPANSION PROJECTS, REMAINING PROJECTED COSTS SEEN TO BE INCURRED THROUGH FEB 2022 ARE ABOUT $167 MILLION.EXPECTS TO PRIMARILY FINANCE PROJECTED COSTS WITH CASH ON HAND, INVESTMENTS, AND OPERATING CASH FLOW.WE EXPECT OUR FEED COSTS TO BE MORE VOLATILE AND POTENTIALLY HIGHER IN FISCAL 2020..ONGOING UNCERTAINTIES AND GEOPOLITICAL ISSUES LED TO REDUCED EXPORTS AND DOWNWARD PRESSURE ON RECENT GRAIN PRICES.WILL NOT PAY A DIVIDEND WITH RESPECT TO Q4 OF FISCAL 2019..  Full Article

Cal-Maine Foods Reports Q3 2019 Results, Announces $148 Million Of Expansion Projects To Increase Cage-Free Capacity
Monday, 1 Apr 2019 06:30am EDT 

April 1 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS THIRD QUARTER FISCAL 2019 RESULTS AND ANNOUNCES $148 MILLION OF EXPANSION PROJECTS TO INCREASE CAGE-FREE CAPACITY.Q3 EARNINGS PER SHARE $0.82.Q3 SALES $384 MILLION VERSUS REFINITIV IBES ESTIMATE OF $377.9 MILLION.Q3 EARNINGS PER SHARE ESTIMATE $0.43 -- REFINITIV IBES DATA.QTRLY DECLINE IN NET SALES COMPARED TO PRIOR-YEAR QUARTER REFLECTS LOWER AVERAGE MARKET PRICES AND TIMING OF EASTER HOLIDAY.OPERATING PERFORMANCE FOR Q3 SUPPORTED BY FAVORABLE DEMAND TRENDS AND CONTINUED GROWTH OF SPECIALTY EGG BUSINESS.CAL-MAINE FOODS - AS OF MARCH 29, INCLUDING NEW EXPANSION PROJECTS, REMAINING PROJECTED COSTS FOR MATERIAL CONSTRUCTION PROJECTS ARE ABOUT $185.0 MILLION.MARKET PRICES FOR SHELL EGGS HAVE BEEN VOLATILE, WITH SOUTHEAST LARGE MARKET AVERAGE PRICE DOWN 19.5 PERCENT IN Q3.WHILE DEMAND TRENDS HAVE BEEN STRONG THROUGHOUT FISCAL 2019, BELIEVE FUTURE SUPPLY CONCERNS ARE AFFECTING MARKET PRICES.CAL-MAINE FOODS - IN QUARTER, GRAIN PRICES HAVE BEEN VOLATILE DUE TO ONGOING UNCERTAINTIES, GEOPOLITICAL ISSUES SURROUNDING TRADE AGREEMENTS,INTERNATIONAL TARIFFS.CAL-MAINE FOODS - FOR Q3 FISCAL 2019, WILL PAY CASH DIVIDEND OF ABOUT $0.272 PER SHARE TO HOLDERS OF COMMON AND CLASS A COMMON STOCK.  Full Article

Cal-Maine Foods Says Selling Stockholders May Offer To Sell Up To 11.9 Mln Shares
Tuesday, 9 Oct 2018 09:15am EDT 

Oct 9 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS INC SAYS SELLING STOCKHOLDERS FROM TIME TO TIME, MAY OFFER TO SELL UP TO 11.9 MILLION SHARES OF CO'S COMMON STOCKCO'S - SEC FILING.  Full Article

Cal-Maine Foods Names Max Bowman CFO
Friday, 5 Oct 2018 01:15pm EDT 

Oct 5 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS, INC. NAMES MAX BOWMAN CHIEF FINANCIAL OFFICER.CAL-MAINE FOODS INC - BOWMAN WILL REPLACE TIM DAWSON.CAL-MAINE FOODS - MAX BOWMAN NAMED VICE PRESIDENT AND CFO, EFFECTIVE OCTOBER 5, 2018.  Full Article

Cal-Maine Foods Reports Q1 2019 EPS Of $0.26
Monday, 1 Oct 2018 06:30am EDT 

Oct 1 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS FIRST QUARTER FISCAL 2019 RESULTS.Q1 EARNINGS PER SHARE $0.26.Q1 SALES $340.6 MILLION VERSUS I/B/E/S VIEW $352.3 MILLION.Q1 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS I/B/E/S."POTENTIAL INCREASE IN SHELL EGG SUPPLY COULD CREATE ADDITIONAL PRICING PRESSURE".EXPECT TO HAVE AN AMPLE SUPPLY OF FEED INGREDIENTS FOR FISCAL 2019."GRAIN PRICES HAVE BEEN VOLATILE WITH RECENTLY IMPOSED INTERNATIONAL TARIFFS CREATING MARKET UNCERTAINTY".  Full Article

Cal-Maine Foods Reports Q4 Earnings Per Share $1.48
Monday, 23 Jul 2018 06:30am EDT 

July 23 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS FOURTH QUARTER AND FISCAL 2018 RESULTS.Q4 EARNINGS PER SHARE $1.48.Q4 SALES $443.1 MILLION VERSUS I/B/E/S VIEW $455.8 MILLION.Q4 EARNINGS PER SHARE VIEW $1.47 -- THOMSON REUTERS I/B/E/S.Q2 RESULTS INCLUDE AFTER-TAX CHARGE OF $54.8 MILLION.FOR Q4 OF FISCAL 2018, CO WILL PAY A DIVIDEND OF $0.351 PER SHARE, TO HOLDERS OF ITS COMMON AND CLASS A COMMON STOCK.CAL-MAINE FOODS - CLOSELY MONITORING INDUSTRY DEVELOPMENTS ABOUT PROPOSED REFERENDUM TO BE ON BALLOT FOR VOTERS IN CALIFORNIA LATER IN CALENDAR YEAR.CAL-MAINE FOODS - CALIFORNIA REFERENDUM, IF ADOPTED, COULD AFFECT SOURCING & PRODUCTION OF EGGS IN CALIFORNIA.CAL-MAINE FOODS - CALIFORNIA REFERENDUM, IF ADOPTED, WOULD CREATE UNCERTAINTY ABOUT SUPPLY AND PRICING IN OTHER AREAS OF COUNTRY.CAL-MAINE- LOOKING AHEAD, CURRENT CORN & SOYBEAN CROPS ARE AHEAD OF SCHEDULE; FAVORABLE GROWING CONDITIONS SHOULD SUPPORT LOWER PRICES FOR FEED INGREDIENTS.CAL-MAINE FOODS - RISKS DUE TO PROPOSED ADDITIONAL TARIFFS ARE CREATING MORE PRICE VOLATILITY.CAL-MAINE - CALIFORNIA REFERENDUM MANDATES, OVER PERIOD OF TIME, ALL EGG PRODUCTION IN CALIFORNIA MUST BE CAGE-FREE.CAL-MAINE FOODS - FEED COSTS HAVE BEEN VOLATILE SINCE END OF YEAR, BUT HAVE COME DOWN RECENTLY.CAL-MAINE - INTEND TO ADJUST CAGE-FREE PRODUCTION CAPACITY IN LINE WITH EXPECTED DEMAND.  Full Article

Cal-Maine Foods announces voluntary shell egg recall due to possible health risk
Monday, 16 Apr 2018 08:40pm EDT 

April 16 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS, INC. ANNOUNCES VOLUNTARY SHELL EGG RECALL DUE TO POSSIBLE HEALTH RISK.CO WAS NOTIFIED AFTER CLOSE OF BUSINESS ON APRIL 13, 2018, BY ROSE ACRE FARMS OF SEYMOUR, INDIANA, OF A VOLUNTARY EGG RECALL.EGGS INVOLVED IN RECALL HAVE POTENTIAL TO BE CONTAMINATED WITH SALMONELLA BRAENDERUP.CAL-MAINE FOODS - VOLUNTARILY RECALLING 23,400 DOZEN EGGS, PURCHASED FROM ROSE ACRE FARMS AND RE-PACKAGED AT CAL-MAINE 'S DADE CITY, FLORIDA, LOCATION.  Full Article

Cal-Maine Issues Statement In Response To Video Involving Co's Employee
Tuesday, 16 Jan 2018 12:30pm EST 

Jan 16 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS INC - ISSUED STATEMENT IN RESPONSE TO A VIDEO INVOLVING A CO'S EMPLOYEE AND TREATMENT OF LAYING HENS AT LAKE WALES LOCATION.CAL-MAINE FOODS INC - "VIDEO DEPICTS ANOTHER EMPLOYEE DELIBERATELY MISTREATING A HEN, AND THAT EMPLOYEE WAS IMMEDIATELY TERMINATED".CAL-MAINE FOODS INC - "WE BELIEVE THAT THIS WAS AN ISOLATED INCIDENT".  Full Article

Cal-Maine Foods Reports Q2 Loss Per Share $0.54
Friday, 5 Jan 2018 06:30am EST 

Jan 5 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS SECOND QUARTER FISCAL 2018 RESULTS.Q2 EARNINGS PER SHARE $0.55 EXCLUDING ITEMS.Q2 LOSS PER SHARE $0.54.Q2 SALES $361.2 MILLION VERSUS I/B/E/S VIEW $340 MILLION.Q2 EARNINGS PER SHARE VIEW $0.52 -- THOMSON REUTERS I/B/E/S.- AT DEC 2, 2017, CO HAD A DEFERRED TAX LIABILITY OF ABOUT $75.3 MILLION BASED ON A U.S. FEDERAL TAX RATE OF 35 PERCENT.- ‍ WILL NOT PAY A DIVIDEND FOR FIRST OR SECOND QUARTERS OF FISCAL 2018​.CAL-MAINE FOODS - ‍AFTER TAX REFORM LEGISLATION ENACTED, DEFERRED TAX LIABILITY TO BE REVALUED AT LOWER RATE DURING Q3 OF FISCAL 2018​.- AT END OF 2017, REACHED AN AGREEMENT THAT PURCHASERS HAD FILED AGAINST CO AND MANY OTHER EGG PRODUCERS.CAL-MAINE FOODS - ‍REVALUATION OF DEFERRED TAX LIABILITY TO BENEFIT INCOME TAX EXPENSE IN CONTINUING OPERATIONS & CORRESPONDING REDUCTION IN DEFERRED TAX LIABILITY​.- ‍ AGREED TO PAY $80.8 MILLION AFTER ALL PARTIES SIGN A FORMAL SETTLEMENT AGREEMENT RELATED TO SETTLEMENT OF ANTITRUST LAWSUITS ​.- ‍RESULTS FOR Q2 OF FISCAL 2018 REFLECT "A SIGNIFICANT IMPROVEMENT IN EGG MARKET CONDITIONS" COMPARED WITH Q2 LAST YEAR​.  Full Article