earnings
confidence high
sentiment positive
materiality 0.80
Cal-Maine Foods Q1 FY2023: Record sales $658.3M, net income $125.3M, dividend $0.85
CAL-MAINE FOODS INC
2023-Q1 EPS reported
$2.57
revenue$658,344,000
- Record quarterly net sales of $658.3M, up 103% YoY; net income $125.3M ($2.57 diluted EPS) vs net loss $18.0M last year.
- Gross profit margin 33.0%; specialty egg revenue record $200.8M, 31.8% of shell egg revenue.
- Declares Q1 cash dividend of $0.85/share, payable Nov 10, 2022 to holders of record Oct 26, 2022.
- Conventional egg average selling price $2.368/dozen (up from $0.990); specialty eggs $2.101/dozen (up 12.2%).
- HPAI has not affected Cal-Maine facilities; company maintains biosecurity; supply impact expected through 2023.