DA Davidson Downgrades Cal-Maine Foods (CALM) to Neutral
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Cal-Maine Foods Reports Third Quarter Fiscal 2016 Results
March 28, 2016 6:30 AM EDTJACKSON, Miss.--(BUSINESS WIRE)-- Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the third quarter and nine months ended February 27, 2016.
Net sales for the third quarter of fiscal 2016 were $449.8 million, a 2.8 percent increase compared to $437.6 million for the third quarter of fiscal 2015. The Company reported net income of $64.2 million, or $1.33 per basic and diluted share, for the third quarter of fiscal 2016 compared to $50.9 million, or $1.06 per basic share and $1.05 per diluted share, for the third quarter of fiscal 2015.
For the first nine months of fiscal 2016, net sales were $1,605.6 million compared to... More
