Cal-Maine Foods Reports Fourth Quarter and Fiscal 2020 Results

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Go back to Cal-Maine Foods Reports Fourth Quarter and Fiscal 2020 Results

Cal-Maine Foods (CALM) Tops Q4 EPS by 4c, Revenues Miss

July 20, 2020 6:31 AM EDT

Cal-Maine Foods (NASDAQ: CALM) reported Q4 EPS of $1.24, $0.04 better than the analyst estimate of $1.20. Revenue for the quarter came in at $453.3 million versus the consensus estimate of $454.25 million.

Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., stated, Fiscal 2020 demonstrated Cal-Maine Foods resiliency in the face of challenging business conditions and volatile egg prices. After three fiscal quarters characterized by an oversupply of eggs and depressed market prices, demand for eggs increased and market prices rose 62.4 percent during our fourth fiscal quarter over the average price for the first three quarters, as... More