Picture of Cal-Maine Foods logo

CALM — Cal-Maine Foods News Story

0.000.00%
us flag iconLast trade - 00:00
Consumer DefensivesBalancedMid CapContrarian

Brief: Cal-Maine Foods Q4 Revenue USD 1,103.658 Million

Overview

Cal-Maine Q4 revenue of $1.1 bln beats analyst expectations, per LSEG data

Net income for Q4 rises to $342.5 mln, driven by higher egg prices

Co acquires Echo Lake Foods in the qtr

Outlook

Cal-Maine Foods plans to expand product mix with Echo Lake Foods acquisition

Company aims to grow shell egg production capacity through strategic acquisitions

Cal-Maine Foods expects to leverage distribution channels for prepared foods growth

Result Drivers

EGG PRICE INCREASE - Higher egg prices due to avian influenza outbreaks drove revenue growth

SPECIALTY EGGS DEMAND - Record sales of specialty eggs due to strong consumer demand and acquisitions

PRODUCTION EXPANSION - Increased production capacity through acquisitions and organic growth initiatives

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueBeat$1.10 bln$941.60 mln (3 Analysts)
Q4 EPS$7.04
Q4 Net Income$342.13 mln
Q4 Gross Profit$531.51 mln
Q4 Operating income$435.85 mln
Q4 Pretax Profit$453.20 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell" The average consensus recommendation for the fishing & farming peer group is "buy." Wall Street's median 12-month price target for Cal-Maine Foods Inc is $108.00, about 1.7% above its July 21 closing price of $106.17 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago Press Release: ID:nBw5BtkZja (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Cal-Maine Foods

See all news