— Net sales decreased to $311.52 million from $356.04 million last year, vs. $327.04 million expected
— Sold 261,026 dozen eggs in the second quarter, compared to 262,263 dozen last year
— Net average selling price per dozen was $1.160, compared to $1.311 in the second quarter of 2019
— Expects to improve operations by leveraging new capacity additions and planned closure of underperforming facilities
— On track to position the company as an industry leader in meeting future customer requirements for cage-free eggs
— Completed acquisition of the commercial shell eggs business of Mahard Egg Farm, which will be integrated into Cal-Maine’s existing footprint in the South Central region
— Expects more price volatility in the second half, due to headwinds from uncertainties related to trade agreements and tariffs disputes