Cal-Maine Foods - Egg producer benefits from rising sales and higher prices!
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Business Driver: Cal-Maine Foods (CALM) is one of the leading egg producers in the USA. As consumer demand picks up, Cal-Maine benefits from the rising demand in the food industry. In light of the widespread avian flu across many parts of the USA, prices have recently increased significantly, resulting in higher margins for Cal-Maine Foods. On January 7th, Cal-Maine Foods surprised with a very strong Q3 result. The adjusted earnings per share stood at $4.47, well above consensus expectations of $4.25. The revenues also performed significantly...
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