Cal-Maine Foods (CALM) Tops Q3 EPS by 40c
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Cal-Maine Foods Reports Third Quarter Fiscal 2019 Results and Announces $148 Million of Expansion Projects to Increase Cage-Free Capacity
April 1, 2019 6:30 AM EDTJACKSON, Miss.--(BUSINESS WIRE)-- Cal-Maine Foods, Inc. (NASDAQ: CALM) today reported results for the third quarter (thirteen weeks) ended March2, 2019.
Net sales for the third quarter of fiscal 2019 were $384.0 million, an 11.9 percent decrease, compared to $435.8 million for the third quarter of fiscal 2018. The Company reported net income of $39.8 million, or $0.82 per basic and diluted share, for the third quarter of fiscal 2019, compared to net income of $96.3 million, or $1.99 per basic and diluted share, for the third quarter of fiscal 2018. Results for the third quarter of fiscal 2018 were favorably affected by a $35.0... More
