Cal-Maine Foods is a leading producer and marketer of shell eggs in the United States, focusing on high-quality egg production and sales
The company operates numerous facilities across the country, utilizing modern farming practices to ensure the efficiency and sustainability of its operations. Cal-Maine is committed to providing a variety of egg products, including conventional, cage-free, organic, and nutritional eggs, catering to diverse consumer preferences and dietary needs. Through its extensive distribution network, it supplies major retail outlets, food service operators, and other customers nationwide, emphasizing quality, safety, and innovation in the egg industry.
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Shares of egg company Cal-Maine Foods (NASDAQCALM)
jumped 6.4% in the morning session after the company reported strong fourth-quarter results, which blew past analysts' revenue and EPS estimates. The top line benefited from a strong demand for shell eggs. The company also gained from improved pricing, given supply constraints caused by recent outbreaks of highly pathogenic avian influenza. Given the favorable demand dynamics, the company highlighted plans to expand its production capacity by adding approximately 1.1 million cage-free layer hens and 250,000 pullets by late summer 2025. Zooming out, we think this was a good quarter with some key areas of upside.
Egg company Cal-Maine Foods (NASDAQCALM) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 82.5% year on year to $954.7 million. Its GAAP profit of $4.47 per share was 21.5% above analysts’ consensus estimates.
Cal-Maine Foods, Inc. (NASDAQCALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today reported results for the second quarter of fiscal 2025 (thirteen weeks) ended November 30, 2024.
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