Cal-Maine Meals refill 4% on Q2 earnings, income beat

RIDGELAND, Miss. – Cal-Maine Meals , Inc. (NASDAQ:CALM) reported sturdy fiscal second quarter outcomes that beat analyst expectations, sending shares up 4.47% in after-hours buying and selling Tuesday.

The most important U.S. egg producer posted earnings per share of $4.47, considerably greater than the $2.96 analysts have been anticipating. Income got here in at $954.7 million, additionally topping estimates of $722.04 million.

Cal-Maine bought 329.8 million dozen eggs within the quarter, up 14.5% YoY. The corporate mentioned strong demand for shell eggs and better market costs drove the sturdy efficiency. Common promoting value per dozen rose to $2.74, in comparison with $1.73 within the year-ago quarter.

“Cal-Maine Meals delivered a really sturdy monetary and working efficiency within the second quarter of fiscal 2025,” mentioned Sherman Miller, president and CEO. “Strong demand for shell eggs resulted in a big enhance in dozens bought for the quarter, which included the seasonal enhance main as much as the Thanksgiving vacation and gross sales from our newest acquisition accomplished in June.”

The corporate famous that provide ranges of shell eggs have been restricted resulting from current outbreaks of extremely pathogenic avian influenza (HPAI). Cal-Maine mentioned it was in a position to leverage its scale and up to date acquisitions to satisfy buyer wants within the difficult provide surroundings.

Wanting forward, Cal-Maine plans to speculate roughly $60 million in new capital tasks to increase cage-free egg manufacturing capability. The corporate expects these tasks so as to add capability for about 1.1 million cage-free layer hens by late summer time 2025.

Cal-Maine declared a quarterly dividend of $1.49 per share, payable on February 13 to shareholders of report as of January 29.

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