Business
Cal-Maine Foods Reports Financial and Operational Results for Fourth Quarter and Fiscal 2025
RIDGELAND, Miss.--(BUSINESS WIRE)-- Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), today reported financial and operational
About this update from Cal-maine Foods, Inc.
[{"type":"text","content":" RIDGELAND, Miss.--(BUSINESS WIRE)--\nCal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), today reported financial and operational results for the fourth quarter and fiscal year ended May 31, 2025.\n\n\nFourth Quarter and Fiscal 2025 Financial, Operational and Business Highlights\n\n\n\nQuarterly net sales of $1.1 billion and net income of $342.5 million, or $7.04 per diluted share\n\n\n\nFiscal year net sales of $4.3 billion and net income of $1.2 billion, or $24.95 per diluted share\n\n\n\nRecord total specialty dozens sold in the quarter due to continued strong consumer demand and the added production from ISE America, Inc. which was acquired in the first quarter of fiscal 2025\n\n\n\nSignificant progress on proactive steps to add production capacity and help mitigate the egg supply shortage across the country, including:\n\n\nAn 18% increase in the average number of layer hens during the fourth quarter of fiscal 2025, compared to the prior-year quarter, reflecting re-start of prior-year facility outages and both organic and inorganic expansion\n\n\n\nA 48% increase in the Company’s breeder flocks as of the end of the fourth quarter of fiscal 2025 compared to the end of the prior-year quarter\n\n\n\nA 56% increase in total chicks hatched during the fourth quarter of fiscal 2025 compared to the prior-year quarter\n\n\n\nContinued progress on ongoing organic expansion projects that are expected to add approximately 1.1 million cage-free layer hens and 250,000 pullets and contract production of 1.2 million free range layer hens\n\n\n\nAdded production support through the integration of recently acquired assets, including the processing facilities from ISE America, Inc. and feed mills from Deal-Rite Feeds, Inc.\n\n\n\n\n\n\nAnnounced the acquisition of Echo Lake Foods, a producer and marketer of quality prepared foods, with the transaction closing subsequent to the end of the fourth quarter of fiscal 2025 on June 2, 2025\n\n\n\nDeclared a cash dividend of approximately $114.2 million, or approximately $2.35 per share, pursuant to the Company’s established dividend policy\n\n\n\nCeased to be a “controlled company” upon conversion of all of the Company’s Class A Common Stock into Common Stock\n\n\n\nCompleted an underwritten public offering of Common Stock by the Company’s founder’s family\n\n\n\nPurchased ap...