earnings
confidence high
sentiment positive
materiality 0.85
Cal-Maine Foods Q2 FY2023 net sales $801.7M, net income $198.6M; record quarterly results
CAL-MAINE FOODS INC
2023-Q2 EPS reported
$6.63
revenue$1,460,044,000
- Net sales $801.7M (+110% YoY); net income $198.6M ($4.07 diluted EPS) vs $1.2M ($0.02) a year ago.
- Conventional egg net avg price per dozen $2.883 vs $1.151; specialty egg volume up 24.1% YoY.
- Gross profit margin 39.6% (record); feed cost per dozen $0.685, up 29.5% YoY.
- No HPAI at any Cal-Maine facility as of Dec 28; expects continued supply pressure from HPAI outbreak.
- Quarterly cash dividend of $1.35 per share, payable Feb 9, 2023 to holders of record Jan 25, 2023.