Cal-Maine Foods Reports Fourth Quarter and Fiscal 2019 Results

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Go back to Cal-Maine Foods Reports Fourth Quarter and Fiscal 2019 Results

Cal-Maine Foods (CALM) Misses Q4 EPS by 8c, Revenues Miss

July 22, 2019 6:31 AM EDT

Cal-Maine Foods (NASDAQ: CALM) reported Q4 EPS of ($0.41), $0.08 worse than the analyst estimate of ($0.33). Revenue for the quarter came in at $280.6 million versus the consensus estimate of $290.88 million.

Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, Our disappointing results for the fourth quarter reflect more challenging market conditions. The average market price in the Southeast for conventional eggs dropped 52.0 percent for the fourth quarter of 2019 compared to the fourth quarter of 2018 and was down 17.1 percent for the year.

The unfavorable supply and demand balance and anticipated future egg... More