Cal-Maine Foods Stock Climbs on Strong Earnings, Thanks to Higher Egg Prices

Earnings and Revenue Performance - The company reported fiscal second-quarter earnings of $4.47 per share, with revenue up 82.5% year-over-year to$ 954.7 million, both well above forecasts [1] - The average price of a dozen eggs soared 58.4% to $2.74, and the number of dozen eggs sold climbed 14.5% to 329,844 [1] Factors Driving Growth - Higher egg prices and holiday season demand contributed to the company's better-than-expected results [1][4] - The acquisition of the production assets of ISE America in June also boosted sales [2][4] - Demand for eggs was described as "robust," with a significant increase in dozens sold during the quarter, including the seasonal boost leading up to Thanksgiving [2] Impact of Bird Flu Outbreaks - Egg prices have continued to rise due to restricted supply levels of shell eggs caused by recent outbreaks of highly pathogenic avian influenza (HPAI) [3][4] Stock Performance - Shares of Cal-Maine Foods gained over 2% in intraday trading Wednesday and have nearly doubled in value over the past year [3] - The stock was trading at$ 106.18 on NASDAQ with a volume of 811.71K [6]