Country’s Largest Egg Producer Saw Profits Surge …

Cal-Maine Foods, the nation’s biggest egg producer, experienced a seven-fold year-over-year jump in quarterly profits in the three-month period ending February 25, according to its Tuesday afternoon … See more

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High Egg Prices Send Profits At Largest US Producer Soaring More …

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Mar 29, 2023 · Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg prices.

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High Egg Prices Send Profits At Largest US Producer Soaring More …

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CBS News Sacramento Live. Cal-Maine Foods, the largest egg producer in the United States, reported revenue doubled and profit surged 718% last quarter because of sharply higher egg …

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Nation's Top Egg Producer Reports 718% Profit Increase - KTLA

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Mar 29, 2023 · A year ago, Cal-Maine Foods pocketed $32.5 million in quarterly profit. This time around, $323 million. You already know that egg prices are at crazy-high levels because of …

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Largest Egg Producer Cal-Maine Foods’ Profits Surge 718% Amid …

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Shares of Cal-Maine Foods, the Jackson, Miss.-based company and the only egg producer that is publicly traded, were up more than 3.4% as of 10:46 a.m. on Thursday. The firm reported net …

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Cal-Maine Foods' Profits Surge 718% Amid US Egg Shortage

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Explore More. Cal-Maine Foods, the nation’s largest producer of eggs, reported this week that its revenues doubled and its profit surged by 718% in the last quarter as a nationwide egg …

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Egg Company Sees 718% Profit Surge As Prices Soar

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Mar 29, 2023 · The largest egg producer in the United States, Cal-Maine Foods, reported more than doubled revenue and a 718% surge in profits last quarter as egg prices soar. Reuters …

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Soaring Egg Prices Resulted In 718% Profit For Largest Egg Producer

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If you have been to the grocery store at all lately, you have definitely noticed that the price of eggs has gone up consistently. According to CNN, U.S. egg producers are currently taking home …

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Egg Producers Accused Of Price Gouging After 718% Profit Revealed

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Mar 30, 2023 · In February, the average price for a dozen Grade A eggs in the country was $4.211, a 12.7 percent decline from January, when the same egg carton cost consumers …

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Country’s Largest Egg Producer Saw Profits Surge 718% Amid …

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Jun 18, 2024 · Country’s Largest Egg Producer Saw Profits Surge 718% Amid Shortage. 2023-03-29T14:27:47-04:00 March 29th, 2023 | share this article! Topline. Cal-Maine Foods, the …

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Country’s Largest Egg Producer Saw Profits Surge 718% Amid …

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Mar 29, 2023 · Topline Cal-Maine Foods, the nation’s biggest egg producer, experienced a seven-fold year-over-year jump in quarterly profits in the three-month period

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Sen. Sanders Calls To ‘break Up’ Large Egg Producers As Cal-Maine ...

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Apr 5, 2023 · In a tweet earlier this week, Sen. Bernie Sanders renewed his call to “break up Big Ag” after sales for the country’s largest egg producer Cal-Maine surged 718% in the first …

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Country's Largest Egg Producer Sees 718% Jump In Profits Amid …

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Mar 29, 2023 · Cal-Maine Foods, the nation's largest egg producer, experienced a sevenfold year-over-year increase in quarterly profit in the three-month period ended Feb. Cal-Maine …

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Cal-Maine Foods’ Profits Surge 718% Amid US Egg Shortage

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Mar 30, 2023 · Cal-Maine Foods, the nation’s largest producer of eggs, reported this week that its revenues doubled and its profit surged by 718% in the last quarter as a nationwide egg …

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Country’s Largest Egg Producer Saw Profits Surge 718% Amid …

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Mar 29, 2023 · Thanks to soaring retail egg prices nationwide as Cal-Maine’s competitors dealt with an avian flu outbreak that caused egg shortages, Cal-Maine scored $323 million in profits …

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FAQs about Country’s Largest Egg Producer Saw Profits Surge … Coupon?

Are egg companies profiting from rising prices?

Enraged social-media users are not the only ones who have accused egg companies of profiteering from rising prices. Democratic Senator Elizabeth Warren of Massachusetts and Representative Katie Porter of California sent a letter to Cal-Maine and other major egg producers in February. ...

Did egg price gouging cause inflation?

It was revealed that the company doubled its revenues and grew its profit by 718 percent in the last quarter, as egg prices skyrocketed across the U.S. "Price gouging," tweeted political consultant Nathan Schneider commenting on the news. "It's not inflation. ...

Why are eggs so expensive?

Price increases for eggs have been linked to a combination of increased costs of fuel, feed, and packing following the pandemic years, as well as a global bird flu epidemic that has killed millions of birds in the U.S. alone. Cal-Maine Foods said that none of its birds, at its own facilities or contracted ones, tested positive for avian flu. ...

Is it a profitable time to be in the egg business?

It's been a profitable time to be in the egg business. Cal-Maine sold 291,000 cartons of a dozen eggs at an average price of $3.30 per carton last quarter, an increase of 1.3% in unit sales compared to the same period last year at more than twice the price. ...

Why have shell eggs risen this fiscal year?

"Our results also reflect higher market prices, which have continued to rise this fiscal year as supply levels of shell eggs have been restricted due to recent outbreaks of highly pathogenic avian influenza ('HPAI')," Cal-Maine Foods CEO Sherman Miller said in the release. ...

Did Cal-Maine send a letter to the government about egg prices?

Cal-Maine did not immediately respond early Wednesday to a request for comment about the letter. Egg prices did start to retreat slightly in the government’s most recent inflation reading for February, but are still up more than 55% from a year earlier. — CNN’s Danielle Wiener-Bronner contributed to this report. ...