Cal-Maine Foods (CALM) Will Not Pay Q1 Dividend

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Cal-Maine Foods Reports First Quarter Fiscal 2017 Results

September 26, 2016 6:30 AM EDT

JACKSON, Miss.--(BUSINESS WIRE)-- Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the first quarter of fiscal 2017 ended August 27, 2016.

Net sales for the first quarter of fiscal 2017 were $239.8 million, a 60.7 percent decrease compared to $609.9 million for the first quarter of fiscal 2016. The Company reported a net loss of $30.9 million, or $0.64 per basic and diluted share, for the first quarter of fiscal 2017, compared to net income of $143.0 million, or $2.97 per basic share and $2.95 per diluted share, for the first quarter of fiscal 2016.

Dolph Baker, chairman, president and chief executive officer of... More