— Cal-Maine Foods, Inc. (NASDAQ: CALM), a producer and marketer of shell eggs, reported a loss of $0.21 per share for the second quarter of 2020, compared to earnings of $0.45 per share last year, vs. $0.03 per share earnings analysts estimated.
— Second-quarter net loss was $10.06 million, compared to a profit of $21.81 million in the same period of last year
— 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
Most Popular
Infographic: How Cintas (CTAS) performed in Q1 2021
Cintas Corporation (NASDAQ: CTAS) reported first quarter 2021 earnings results today. Revenue was $1.75 billion, down 3.6% year-over-year. Net income rose 19% to $300 million, or $2.78 per share, from
General Mills Q1 results top Wall Street expectations: Infographic
General Mills (NYSE: GIS) reported first-quarter 2020 financial results before the opening bell on Wednesday. The company reported a 9% increase in Q1 revenues to $4.36 billion, beating the Wall
JinkoSolar (JKS) Q2 Earnings: Key financials and quarterly highlights
JinkoSolar Holding Co., Ltd. (NYSE: JKS) reported second quarter 2020 earnings results today. Total revenues increased 22.2% year-over-year to RMB8.45 billion ($1.20 billion), exceeding the company’s guidance of $1.10 billion to $1.18 billion. The growth was