Trade Cal-Maine Foods Inc - CALM CFD

Cal-Maine Company profile

About Cal-Maine Foods Inc

Cal-Maine Foods, Inc. is a producer and distributor of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. Its operations consist of hatching chicks, growing and maintaining flocks of pullets, layers, and breeders, manufacturing feed, and producing, processing, packaging, and distributing shell eggs. It offers shell eggs, including specialty and conventional eggs. It classifies cage-free, organic and brown eggs as specialty eggs. Its Egg-Land’s Best and Land O’ Lakes branded eggs are produced and processed under license from Eggland's Best, Inc. (EB). Its Farmhouse Eggs branded eggs are produced at its facilities by cage-free hens that are provided with a vegetarian diet. It markets organic, vegetarian, and omega-3 eggs under its 4-Grain brand. Its egg products are sold through its subsidiaries American Egg Products, LLC located in Georgia and Texas Egg Products, LLC located in Texas.

Financial summary

BRIEF: For the 26 weeks ended 27 November 2021, Cal-Maine Foods Inc revenues increased 13% to $722.6M. Net loss increased from $7.2M to $16.9M. Revenues reflect Conventional shell egg sales segment increase of 14% to $405.8M, Specialty Shell Egg Sales segment increase of 12% to $294.5M. Higher net loss reflects Delivery expense increase of 11% to $28.3M (expense), Other expense increase of 19% to $14.8M (expense).

Equity composition

Common Stock $.01 Par, 05/11, 60M auth., 35,130,000 issd., less 13,689,000 shs. in Treas. @ $20.9M. Common Stock Class A $.01 Par, 2.4M auth., 2,400,000 issd. insiders own 37.72%. IPO 12/96, 2.53M shs. (1.7M by the Co.) @ $7 by Paulson Inv. Co., Inc. Common Cl. A $.01 Par, 2.4M auth. & issd. Insiders own 100%. 11/14, 2-for-1 stock split.