Higher egg prices boost Cal Maine earnings | Agriculture Dive

5 days ago · Dive Brief: Cal-Maine Foods, the largest producer of eggs in the U.S., said strong consumer demand and supply constraints from the ongoing bird flu outbreak helped push up …

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Cal-Maine Foods Stock Climbs On Strong Earnings, Thanks To …

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6 days ago · Cal-Maine said egg prices have continued to rise as recent outbreaks of Bird Flu in the U.S. limited supply. ... The company reported fiscal second-quarter earnings of $4.47 per …

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Higher Egg Prices, Lower Costs Drive Cal-Maine Foods Gains

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Oct 9, 2024 · Financially, Cal-Maine Foods reported $150 million in net income for 2025’s first quarter compared to $9.26 million in the same quarter the year prior. CALM’s per-share …

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Cal-Maine Revenue Soars On Higher Egg Prices, Limited Supply

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Oct 2, 2024 · Cal-Maine Foods reported quarterly sales of more than 70% as egg prices jumped. In addition to higher prices, the company benefited from limited supply because of avian flu …

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Cal-Maine Hits Record Earnings As Egg Prices Skyrocket, But Shares …

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Jan 3, 2023 · Egg manufacturer Cal-Maine Foods — the largest egg producer in the U.S. — saw record quarterly sales of $801.7 million in the last quarter, a 110% increase over the same …

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Cal-Maine Foods' 2Q Rev, Profit Up Sharply On Higher Egg Prices

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Jan 7, 2025 · The egg producer on Tuesday reported a profit of $219.1 million for its quarter ended Nov. 30, compared with $17 million a year earlier. Earnings came in at $4.47 on a per …

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Egg Producer Cal-Maine Stock Surges As Prices Near Record

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Jan 7, 2025 · Cal-Maine sold 14% more shell eggs during its fiscal second quarter, compared with the prior year period, the company said Tuesday. At the same time lower grain prices are …

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Egg Prices Boost Cal-Maine’s Sales More Than 70% Higher

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Cal-Maine CALM, the largest egg producer and distributor in the U.S., said that first-quarter 2025 sales rose to $786 million, from $489 million in the year-ago quarter and expectations around ...

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Time To Buy Cal-Maine Foods (CALM) Stock After Strong Earnings?

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Mar 30, 2023 · High egg prices have been very beneficial to Cal-Maine Foods CALM as the largest ... third-quarter earnings were up a staggering 717% with EPS at $0.81 in Q3 2022. ...

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Largest Egg Producer In US Sees 718% Profit Growth, But Just 1% ...

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Mar 30, 2023 · The largest egg producer in the United States, Cal-Maine Foods, more than doubled its revenue in the last quarter, while increasing profits by more than seven times, …

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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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This Egg Producer’s Stock Jumps After Earnings. What It Has To

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Cal-Maine stock gained 4.7% to $108.50 in premarket trading Wednesday. Over the last 12 months, shares have soared 90%. For its second fiscal quarter ended Nov. 30, the company …

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Cal-Maine Is Reporting Record Profits Despite Egg Shortage.

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Mar 29, 2023 · The company is the largest egg purveyor in America, single-handedly accounting for an estimated 20% of the country's total egg market. In the fiscal year 2022, Cal-Maine's …

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FAQs about Higher egg prices boost Cal Maine earnings | Agriculture Dive Coupon?

Is Cal-Maine a good egg producer?

Cal-Maine is by far the largest egg producer in the U.S., owning more than 75% more egg-producing hens than the next largest company, according to industry publication Watt Poultry. Egg prices spiked in late 2022 and early this year, as consumers paid 70% more for eggs in January 2023 compared to January 2022. ...

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. ...

How much does a dozen eggs cost?

The company sold almost 330 million dozen eggs at an average price of $2.74 a dozen during the recent quarter, compared with about 288 million dozen eggs at an average price of $1.73 a dozen in last year's comparable quarter. ...

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 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 Cal-Maine a price-gouging company?

In a statement accompanying the earnings release, Cal-Maine CEO Sherman Miller defended his company’s surge in profits and warded off price-gouging accusations, noting his company is simply a “producer and distributor” that doesn’t sell directly to consumers and thus does not dictate market prices. ...