earnings
confidence high
sentiment positive
materiality 0.85
Cal-Maine Foods Q3 FY2023 net sales $997.5M, EPS $6.62, dividend $2.20
CAL-MAINE FOODS INC
2023-Q3 EPS reported
$13.25
revenue$2,457,537,000
- Net sales $997.5M (up 109% YoY), net income $323.2M ($6.62 diluted EPS) vs $39.5M ($0.81) last year.
- Conventional egg price per dozen $3.678 (vs $1.458); specialty $2.616 (vs $1.923). Total dozen sales +1.3% to 291.4M.
- Operating income $407.8M; feed costs per dozen $0.679 (+20.8% YoY). No HPAI at any Cal-Maine facility.
- Cash dividend of $2.20 per share, payable May 11, 2023 to holders of record April 26, 2023, under variable policy.
- Management cites HPAI-driven supply tightness, robust consumer demand, and focus on specialty egg expansion.