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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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Latest Key Developments (Source: Significant Developments)

Cal-Maine Foods Reports Q2 EPS Of $0.45
Friday, 4 Jan 2019 06:30am EST 

Jan 4 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS REPORTS SECOND QUARTER FISCAL 2019 RESULTS.Q2 EARNINGS PER SHARE $0.45.Q2 SALES $356 MILLION VERSUS REFINITIV IBES ESTIMATE OF $362.9 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.48 -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE $0.49 EXCLUDING ITEMS."EXPERIENCED VOLATILITY IN MARKET PRICES DURING QUARTER".RECENT PASSING OF PROPOSITION 12 IN CALIFORNIA WILL CLEARLY AFFECT SOURCING AND PRODUCTION OF EGGS IN CALIFORNIA."CLOSELY MONITORING INDUSTRY DEVELOPMENTS SURROUNDING RECENT PASSING OF PROPOSITION 12 IN CALIFORNIA".EXPECT REFERENDUM IN CALIFORNIA TO AFFECT FUTURE SUPPLY AND PRICING IN OTHER AREAS OF COUNTRY.CAL-MAINE FOODS - FOR Q2 OF FISCAL 2019, CO WILL PAY A CASH DIVIDEND OF APPROXIMATELY $0.149 PER SHARE TO HOLDERS OF ITS COMMON AND CLASS A COMMON STOCK.DURING QUARTER, OVERALL AVERAGE. CUSTOMER SELLING PRICE FOR SHELL EGGS WAS DOWN 0.8 PERCENT, COMPARED WITH Q2 OF 2018.GRAIN PRICES HAVE BEEN VOLATILE DUE TO GEOPOLITICAL ISSUES AND UNCERTAINTIES SURROUNDING LATEST INTERNATIONAL TARIFF POLICIES.QTRLY FARM PRODUCTION COSTS PER DOZEN WERE UP 5.5 PERCENT, PRIMARILY RELATED TO INCREASED FEED COSTS.FOR Q2, OVERALL FARM PRODUCTION WAS RELATIVELY FLAT.QTRLY FEED COSTS PER DOZEN INCREASED 7.0 PERCENT.  Full Article

Cal-Maine Foods Says Entered Credit Agreement Providing For Senior Secured Revolving Credit Facility
Tuesday, 10 Jul 2018 05:35pm EDT 

July 10 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS - ENTERED CREDIT AGREEMENT PROVIDING FOR SENIOR SECURED REVOLVING CREDIT FACILITY IN INITIAL PRINCIPAL AMOUNT UP TO $100 MILLION.CAL-MAINE FOODS SAYS CREDIT FACILITY HAS A TERM OF FIVE YEARS AND WILL MATURE ON JULY 10, 2023 - SEC FILING.  Full Article

Cal-Maine Foods Q3 Earnings Per Share $1.99
Monday, 2 Apr 2018 06:30am EDT 

April 2 (Reuters) - Cal-Maine Foods Inc ::MAINE FOODS REPORTS THIRD QUARTER FISCAL 2018 RESULTS.Q3 EARNINGS PER SHARE $1.99.Q3 SALES $435.8 MILLION VERSUS I/B/E/S VIEW $432.6 MILLION.Q3 EARNINGS PER SHARE VIEW $1.39 -- THOMSON REUTERS I/B/E/S.Q3 RESULTS WERE FAVORABLY AFFECTED BY $0.72 PER BASIC AND DILUTED SHARE BENEFIT RELATED TO U.S. TAX REFORM.WILL NOT PAY A DIVIDEND FOR FIRST, SECOND, OR THIRD QUARTERS OF FISCAL 2018.‍ BASED ON 2017 HARVESTED CROPS, EXPECT TO HAVE AN AMPLE SUPPLY OF CO'S PRIMARY FEED INGREDIENTS FOR BALANCE OF FISCAL YEAR​.  Full Article

Cal-Maine Foods Names Sherman Miller President And COO
Friday, 30 Mar 2018 02:30pm EDT 

March 30 (Reuters) - Cal-Maine Foods Inc ::CAL-MAINE FOODS, INC. NAMES SHERMAN MILLER PRESIDENT AND CHIEF OPERATING OFFICER.  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

Cal-Maine Foods Q1 loss per share $0.33
Monday, 2 Oct 2017 06:30am EDT 

Oct 2 (Reuters) - Cal-Maine Foods Inc ::Cal-Maine Foods reports first quarter fiscal 2018 results.Q1 sales $262.8 million versus I/B/E/S view $273.6 million.Q1 loss per share $0.33.Q1 earnings per share view $-0.22 -- Thomson Reuters I/B/E/S.Cal-Maine Foods Inc - will not pay a dividend for q1 of fiscal 2018.Cal-Maine Foods Inc - "‍we do not expect any sustained improvement in pricing until we have a more stable supply and demand balance"​.  Full Article

Cal-Maine Foods provides update on Florida, Georgia operations
Monday, 11 Sep 2017 01:15pm EDT 

Sept 11 (Reuters) - Cal-Maine Foods Inc ::Cal-Maine Foods Inc provides update on Florida and Georgia operations.Reports that some of its farms and production facilities have sustained minor physical damage and moderate flooding​.Company does not anticipate any material loss in egg production​.  Full Article