Cal-Maine Q3 net sales $703M down 29% YoY; EPS $3.00 vs $6.62; record volume but HPAI outbreaks continue

CAL-MAINE FOODS INC

2024-Q3 EPS reported $3.37 revenue$1,685,654,000

Net sales $703.1M vs $997.5M YoY; net income $146.4M ($3.00 diluted EPS) vs $323.2M ($6.62).
Record total dozens sold 300.8M (+3.2%); specialty 108.6M (+4.4%).
Conventional egg ASP $2.152/dozen (-41.5%); feed cost per dozen down 19.9% to $0.544.
HPAI outbreaks: Kansas (1.5M hens) in Q3; Texas (1.6M hens, 337K pullets) post-quarter, 3.6% of flock.
Dividend $1.00/share payable May 16; acquired Tyson Foods broiler plant in Dexter, MO post-quarter.

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 third quarter ended March 2, 2024.

Period: third quarter ended March 2, 2024
Result: reported results

Exact text from the filing

On April 2, 2024, Cal-Maine Foods, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended March 2, 2024.

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Source: SEC EDGAR

accession 0001562762-24-000075

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