Cal-Maine Foods Reports Fourth Quarter and Fiscal 2016 Results

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Go back to Cal-Maine Foods Reports Fourth Quarter and Fiscal 2016 Results

Cal-Maine Foods (CALM) Tops Q4 EPS by 18c, Sales Miss

July 18, 2016 6:32 AM EDT

Cal-Maine Foods (NASDAQ: CALM) reported Q4 EPS of ($0.01), $0.18 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $303 million versus the consensus estimate of $304.29 million.

Dolph Baker, chairman, president and chief executive officer of Cal-Maine Foods, Inc., stated, Cal-Maine Foods had another record year in fiscal 2016 with sales of $1,908.7 million, surpassing the previous years record by 21.1 percent. Our net income for the year of $316.0 million was the highest annual net income in the Companys history, and was 96.0 percent higher than the record set in fiscal 2015. Notably, we achieved these... More