secwatch.observer — SEC 8-K summary
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Issuer:     CAL-MAINE FOODS INC (CALM)
CIK:        0000016160
Form:       8-K
Filed at:   2024-01-03T23:59:59+00:00
Accession:  0001562762-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16160/000156276224000003/0001562762-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16160/000156276224000003/calm8k20240103.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer