Egg Producer Cal-Maine’s Stock Tumbles After Surprise Loss and Sales Miss

January 9, 2020 Tomi Kilgore, MarketWatch

Shares of Cal-Maine Foods Inc. tumbled 10.5% in premarket trading Monday, after the egg producer swung to a surprise loss and sales fell more than expected, citing lower average selling prices and weakness in the Southeast market.

Cal-Maine Results Miss Expectations, Amid ‘Extreme Drop’ in Egg Prices

October 3, 2019 MarketWatch

Sales dropped 29% to $241.2 million, below the FactSet consensus of $254.5 million, as dozen eggs sold increased to 1.7% to 254.4 million but the average selling price per dozen eggs dropped 30% to 91.5 cents.

Cal-Maine Beats Profit Views, But Sales Miss as Eggs Sales and Prices Decline

January 11, 2019 Tomi Kilgore, MarketWatch

“Per capita egg consumption is up near historical levels, but supply concerns appear to be affecting market prices,” said Chief Executive Dolph Baker.