Cal-Maine Foods (CALM) Reports In-Line Q2 EPS

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Cal-Maine Foods Reports Second Quarter Fiscal 2017 Results

December 22, 2016 4:05 PM EST

JACKSON, Miss.--(BUSINESS WIRE)-- Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the second quarter and twenty-six weeks ended November 26, 2016.

Net sales for the second quarter of fiscal 2017 were $253.5 million, a 53.6 percent decrease, compared to $546.0 million for the second quarter of fiscal 2016. The Company reported a net loss of $23.0 million, or $0.48 per basic and diluted share, for the second quarter of fiscal 2017, compared to net income of $109.2 million, or $2.27 per basic share and $2.26 per diluted share, for the second quarter of fiscal 2016.

For the twenty-six weeks ended November 26, 2016, net sales were... More