earnings
confidence high
sentiment negative
materiality 0.75
Cal-Maine Q2 net income $1.2M ($0.02 EPS); revenue up 12.5% to $390.9M; no dividend; feed costs surge
CAL-MAINE FOODS INC
2022-Q2 EPS reported
-$0.34
revenue$722,607,000
- Net income $1.2M vs $12.2M prior year; EPS $0.02 vs $0.25.
- Revenue $390.9M (+12.5% YoY) on higher shell egg pricing ($1.373/dozen, +11.9%).
- Operating loss $2.1M vs income $14.5M; feed cost per dozen up 29.0%.
- No Q2 dividend due to cumulative net loss; $21.1M loss to recover before future payouts.
- Strategic investments: $23M cage-free expansion in Okeechobee, FL; MeadowCreek Foods JV; Southwest Specialty Eggs distribution.