earnings
confidence high
sentiment positive
materiality 0.75
Cal-Maine Foods Q3 fiscal 2022 net sales up 33% to $477.5M; EPS $0.81 vs $0.28
CAL-MAINE FOODS INC
2022-Q3 EPS reported
$0.46
revenue$1,184,195,000
- Net sales $477.5M (+33.0% YoY); net income $39.5M ($0.81 per share) vs $13.5M ($0.28) prior year.
- Gross margin improved to 19.2% from 13.2%; specialty eggs comprised 39.4% of shell egg revenue.
- Total dozens sold 287.7M (+2.8% YoY); specialty egg dozens up 24.1% vs prior-year quarter.
- Feed cost per dozen increased 20.3% to $0.562; variable dividend of ~$0.125/share payable May 12.
- Closely monitoring HPAI outbreaks; no positive tests at Cal-Maine facilities to date.