Cal-Maine Foods Enters into New JV with Hickman's Egg Ranch for Specialty Egg Sales in Arizona
Jul 28 14
Cal-Maine Foods Inc. announced that it has entered into a new joint venture for specialty egg sales with Hickman's Egg Ranch Inc. Reportedly Hickman's Egg Ranch has processing operations located in Arizona, Colorado and California and capacity for approximately 6.0 million laying hens. Under this his transaction, the new joint venture, known as Southwest Specialty Eggs LLC, will acquire the Egg-Land's Best Inc. franchise for the state of Arizona with exclusive licensing agreements for the sale of Egg-Land's Best and Land O' Lakes branded specialty eggs and other premium brands. Reportedly, sales of Egg-Land's Best specialty eggs accounted for approximately 14.3% of Cal-Maine's total shell egg sales in fiscal 2013. Cal-Maine Foods is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally-enhanced eggs.
Cal-Maine Foods, Inc. Announces Cash Dividend for the Fourth Quarter of Fiscal 2014, Payable on August 24, 2014
Jul 28 14
For the fourth quarter of fiscal 2014, Cal-Maine Foods, Inc. announced that it will pay a cash dividend of approximately $0.434 per share to holders of its common and Class A common stock. The dividend is payable August 24, 2014, to shareholders of record on August 9, 2014.
Cal-Maine Foods, Inc. Reports Unaudited Earnings and Operating Results for the Fourth Quarter and Year Ended May 31, 2014
Jul 28 14
Cal-Maine Foods, Inc. reported unaudited earnings and operating results for the fourth quarter and year ended May 31, 2014. For the quarter, the company reported net sales of USD 371,582,000 compared to USD 325,933,000 a year ago. Operating income was USD 47,528,000 compared to operating loss of USD 7,281,000 a year ago. Income before income taxes and non controlling interests was USD 48,546,000 compared to loss before income taxes and non controlling interests of USD 7,412,000 a year ago. Income before income taxes attributable to the company was USD 48,332,000 compared to loss before income taxes attributable to the company of USD 7,609,000 a year ago. Net income was USD 31,492,000 compared to net loss of USD 3,833,000 a year ago. Diluted net income per share was USD 1.30 compared to diluted net loss per share of USD 0.16 a year ago.
For the year, the company reported net sales of USD 1,440,907,000 compared to USD 1,288,104,000 a year ago. Operating income was USD 146,052,000 compared to USD 59,593,000 a year ago. Income before income taxes and non controlling interests was USD 161,842,000 compared to USD 75,568,000 a year ago. Income before income taxes attributable to the company was USD 161,242,000 compared to USD 75,230,000 a year ago. Net income was USD 109,207,000 compared to USD 50,423,000 a year ago. Diluted net income per share was USD 4.52 compared to USD 2.10 a year ago.
For the quarter, the company reported dozens eggs produced of 195,630,000 compared to 181,005,000 a year ago.
For the year, the company reported dozens eggs produced of 750,302,000 compared to 704,388,000 a year ago.
Cal-Maine Foods, Inc. to Report Fiscal Year 2014 Results on Jul 28, 2014
Jul 9 14
Cal-Maine Foods, Inc. announced that they will report fiscal year 2014 results at 9:00 AM, Eastern Standard Time on Jul 28, 2014