Cal-Maine Foods, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended December 2, 2017
January 05, 2018 at 05:00 pm IST
Share
Cal-Maine Foods, Inc. reported unaudited earnings results for the second quarter and six months ended December 2, 2017. For the quarter, net sales were $361,172,000 against $253,544,000 a year ago. Operating loss was $40,464,000 against $38,043,000 a year ago. Loss before income taxes and non-controlling interest was $40,093,000 against $36,811,000 a year ago. Loss before income taxes attributable to shareholders of the company was $26,136,000 against income of $23,010,000 a year ago. Net loss per basic and diluted share was $0.54 against $0.48 per diluted share a year ago.
For six months, net sales were $624,017,000 against $493,389,000 a year ago. Operating loss was $64,842,000 against $88,608,000 a year ago. Loss before income taxes and non-controlling interest was $64,610,000 against $85,308,000 a year ago. Loss before income taxes attributable to shareholders of the company was $42,129,000 against income of $53,946,000 a year ago. Net loss per basic and diluted share was $0.87 against $1.12 per diluted share a year ago.
Cal-Maine Foods, Inc. is engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs. Its integrated 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-Landâs Best and Land Oâ Lakes branded eggs are produced and processed under license from Eggland's Best, Inc. 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. The Company sells most of its shell eggs in the southwestern, mid-western and mid-Atlantic regions of the United States. Its subsidiaries include American Egg Products, LLC located in Georgia and Texas Egg Products, LLC.
CAL-MAINE FOODS, INC. 
