CalMaine Foods, Inc. (CALM) reported earnings per share of $3.00 in third-quarter fiscal 2024 (ended Mar 2, 2024). The bottom line marked a 55% decline from the year-ago quarter.Sales plunged 29.5% year over year to $703 million in the third quarter of fiscal 2024. The company reported exceptionally strong third-quarter fiscal 2023 sales of $997 million mainly due to record-high egg prices. Last year the shell egg industry had witnessed record high market prices triggered by the highly pathogenic avian infl ...

Thanks to strong demand, egg producer Cal-Maine Foods Inc (NASDAQ:CALM) announced better-than-expected fiscal third-quarter revenue after the close yesterday. Cal-Maine Foods stock is surging after the news, despite the company also temporarily closing a facility in Texas due to an outbreak of the bird flu. After gapping to fresh 52-week high of $63.14, CALM was last seen up 4.8% at $61.74. The equity is up 10.1% in the last 12 months, and is bouncing off a pullback to the $55 region.Despite low absolute vo ...

Key TakeawaysCal-Maine Food shares jumped more than 8% in premarket trading Wednesday after the company posted better-than-expected quarterly earnings and sales as strong demand for eggs helped offset lower prices.The company’s sales volumes increased 3.2% from last year’s corresponding quarter, with both conventional and specialty egg sales recording low to mid-single-digit percentage growth.The egg producer has detected Avian Influenza at its Texas facility, resulting in a 3.6% reduction of its total floc ...

Commission File Number: 001-38695 (601) 948-6813 (Registrant's telephone number, including area code) | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------ ...

Contacts: Sherman Miller, President and CEO Max P. Bowman, Vice President and CFO (601) 948-6813 FOR THIRD QUARTER FISCAL 2024 Third Quarter Fiscal Year 2024 Highlights Sherman Miller, president and chief executive officer of Cal-Maine Foods, stated, "We are very pleased with Cal-Maine Foods' strong financial and operating performance for the third quarter of fiscal 2024. Our sales reflect lower average selling prices compared to a year ago, when the shell egg industry experienced record high market prices ...

Maryna Auramchuk/iStock via Getty Images The shell egg world is a delicate juggle between supply and demand dynamics. Just after Easter, USA's largest shell egg producer and distributor, Cal-Maine Foods, Inc. (NASDAQ:CALM), will release its Q3 2024 Earnings results. Results will be positively influenced by the average egg price, which has shown an upward trend in 2024 as the winter season increased bird flu cases, reducing the country's egg supply. In one month, the average price per dozen eggs jumped by $0 ...

Cal-Maine Foods (CALM) closed the most recent trading day at $60.72, moving +0.46% from the previous trading session. This change lagged the S&P 500's 0.57% gain on the day. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 0.39%.Prior to today's trading, shares of the egg producer had gained 5.43% over the past month. This has outpaced the Basic Materials sector's gain of 4.37% and the S&P 500's gain of 2.97% in that time.Analysts and investors alike wil ...

RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company will release its third quarter fiscal 2024 financial results on Tuesday, April 2, 2024. A press release will be issued after the close of market trading. Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. The Company ...

In the latest market close, Cal-Maine Foods (CALM) reached $60.44, with a +1.73% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.63%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.82%.The the stock of egg producer has risen by 3.64% in the past month, lagging the Basic Materials sector's gain of 5.32% and overreaching the S&P 500's gain of 1.76%.Investors will be eagerly watching for the performance of Cal-Maine Foods in its u ...

CalMaine Foods, Inc. (CALM) announced the completion of the previously announced acquisition of Tyson Foods, Inc. (TSN) . It acquired a broiler processing plant, hatchery and feed mill in Dexter, MO. This move is in sync with CALM's growth strategy, which includes select acquisitions, along with organic growth initiatives.CalMaine Foods intends to repurpose the assets for the production of eggs and egg products. Initially, the egg producer will transform the broiler processing plant into an egg grading faci ...