Cal-Maine Foods Q2 net income drops to $17.0M ($0.35/sh) vs $198.6M a year ago; HPAI, antitrust charges

CAL-MAINE FOODS INC

2024-Q2 EPS reported $0.37 revenue$982,578,000

Net sales $523.2M, down 34.7% YoY; total dozens sold up 1.4% to 288.2M.
Conventional egg net avg price $1.458/dozen, down 49.4% YoY; specialty eggs $2.277/dozen, down 3.9%.
Recorded $19.6M loss contingency accrual in SG&A for antitrust proceeding liability.
Completed Fassio Egg Farms acquisition; agreed to buy Tyson Foods Dexter, MO facility (Q3 close).
Post-Q2 HPAI outbreak in Kansas depopulated ~1.5M hens (~3.3% of flock); dividend $0.116/sh payable Feb 15, 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CAL-MAINE FOODS INC reported financial results for second quarter of fiscal 2024 (thirteen weeks) ended December 2, 2023.

Period: second quarter of fiscal 2024 (thirteen weeks) ended December 2, 2023
Result: reported results

Exact text from the filing

On January 3, 2024, Cal-Maine Foods, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended December 2, 2023.

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Source: SEC EDGAR

accession 0001562762-24-000003

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