This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cal-Maine Foods, Inc. Reports Second Quarter Fiscal 2013 Results

Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are based on management’s current intent, belief, expectations, estimates and projections regarding our company and our industry. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, (i) the risk factors set forth in the Company’s SEC filings (including its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg business (including disease, pests, weather conditions and potential for recall), (iii) changes in the demand for and market prices of shell eggs and feed costs, (iv) risks, changes or obligations that could result from our future acquisition of new flocks or businesses, and (v) adverse results in pending litigation matters. SEC filings may be obtained from the SEC or the Company’s website, . Readers are cautioned not to place undue reliance on forward-looking statements because, while we believe the assumptions on which the forward-looking statements are based are reasonable, there can be no assurance that these forward-looking statements will prove to be accurate. Further, the forward-looking statements included herein are only made as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.




(In thousands, except per share amounts)

13 Weeks Ended

26 Weeks Ended

December 1,2012

November 26,2011

December 1,2012

November 26,2011
Net sales $ 328,870 $ 290,369 $ 601,798 $ 534,211
Gross profit 51,298 61,492 96,013 95,278
Operating income 20,366 35,673 35,963 41,630
Other income (expense) 2,031 335 1,135 (889 )
Income before income taxes 22,397 36,008 37,098 40,741
Net income $ 14,290 $ 23,260 $ 23,705 $ 26,377
Net income per common share:
Basic $ 0.60 $ 0.97 $ 0.99 $ 1.11
Diluted $ 0.60 $ 0.97 $ 0.99 $ 1.10
Weighted average shares outstanding:
Basic 23,941 23,871 23,931 23,869
Diluted 23,978 23,950 23,968 23,947


December 1, 2012

June 2, 2012
Cash and short-term investments $ 163,083 $ 260,751
Receivables 99,964 62,768
Inventories 143,671 117,158
Prepaid expenses and other current assets   2,113   1,525
Current assets 408,831 442,202
Property, plant and equipment (net) 271,199 222,615
Other noncurrent assets   63,959   61,499
Total assets $ 743,989 $ 726,316
Accounts payable and accrued expenses $ 101,158 $ 103,724
Current maturities of long-term debt 11,163 11,458
Deferred income taxes   28,883   25,474
Current liabilities 141,204 140,656
Long-term debt, less current maturities 59,309 64,762
Deferred income taxes and other liabilities 43,079 41,570
Stockholders' equity   500,397   479,328
Total liabilities and stockholders' equity $ 743,989 $ 726,316

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs