earnings
confidence high
sentiment positive
materiality 0.85
Cal-Maine Foods reports record Q4 net income of $110M; revenue up 69.5% YoY
CAL-MAINE FOODS INC
2022-FY EPS reported
$2.72
revenue$1,777,159,000
- Q4 net income $110.0M ($2.25 per diluted share) vs net loss of $4.2M in Q4 last year.
- Q4 net sales $593.0M (+69.5% YoY); FY2022 net sales $1.78B (+31.7% vs FY2021).
- Q4 cash dividend of $0.75/share declared; payable Aug 16, 2022, record Aug 1.
- Board approved $55.3M capital project to convert layer capacity to cage-free for 1.5M hens.
- HPAI outbreak reduced table egg flock ~9.5%; no cases at Cal-Maine; supply expected lower.