secwatch.observer — SEC 8-K summary
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Issuer:     CAL-MAINE FOODS INC (CALM)
CIK:        0000016160
Form:       8-K
Filed at:   2023-10-03T23:59:59+00:00
Accession:  0001562762-23-000358
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cal-Maine Q1 net income plunges to $926K from $125.3M YoY; announces Utah acquisition
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- Net sales of $459.3M vs $658.3M a year ago; net income $926K ($0.02/diluted share) vs $125.3M ($2.57).
- Operating loss of $6.8M compared to operating income of $163.9M in prior-year quarter.
- Conventional egg net avg selling price fell to $1.241/doz from $2.368; specialty eggs rose to $2.278.
- Cash dividend of ~$0.006/share payable Nov 16, 2023 to holders of record Nov 1, 2023.
- Signed definitive agreement to acquire Fassio Egg Farms assets (1.2M laying hens, cage-free) in Utah; close expected in Q2 FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16160/000156276223000358/0001562762-23-000358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16160/000156276223000358/calm8k20231003.htm
  HTML page:      https://secwatch.observer/filing/0001562762-23-000358

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