U.S. Markets closed

Free Post Earnings Research Report: Inflationary Market Condition Boost Cal-Maine’s Q2 Top-line

LONDON, UK / ACCESSWIRE / January 17, 2018 / Active-Investors.com has just released a free earnings report on Cal-Maine Foods, Inc. (NASDAQ: CALM). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CALM. The Company posted its financial results for the second quarter fiscal 2018 (Q2 FY18) on January 05, 2018. The Jackson Mississippi-based Company's Q2 FY18 revenues rose 42.4% on a y-o-y basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Cal-Maine Foods most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=CALM

Earnings Highlights and Summary

For the quarter ended on December 02, 2017, Cal-Maine's reported total sales of $361.17 million compared to total sales of $253.54 million recorded at the end of Q2 FY17. However, total sales numbers underperformed market estimate of $362.96 million. The first quarter revenue was benefitted from a 36.0% and 77.6% growth in average customer selling prices for all eggs and conventional eggs, respectively.

The egg-seller reported net loss attributed to Cal-Maine Foods of $26.14 million, or $0.54 loss per diluted share, in Q2 FY18 compared to a net loss attributed to Cal-Maine Foods of $23.01 million, or $0.48 per diluted share, in the prior-year's comparable quarter. Meanwhile, excluding one-time items, the Company reported net income of $26.6 million, or $0.55 per basic and diluted share, for Q2 FY18; however, it fell short of market estimates by $0.19 per diluted share.

Operational Metrics

In the reported quarter, consumer demand remained for eggs were favorable and the market prices remained strong throughout the Thanksgiving holiday. The Company sold 263.09 million dozen of eggs in Q2 FY18, which is higher than 252.18 million in the last year's same quarter.

Net average selling price of eggs rose from $0.971 per dozen in Q2 FY17 to $1.321 per dozen in Q2 FY18. In the reported period, specialty eggs contributed 22.6% to total number of shell eggs sold, while it accounted for 32.3% of the total shell eggs revenue. Furthermore, net average selling price of specialty eggs were $1.903 per dozen in Q2 FY18 compared to $2.003 per dozen in the quarter ended November 26, 2016.

During the reported quarter, Cal-Maine recorded gross profit came in at $82.40 million versus $3.95 million in Q2 FY17. For Q2 FY18, operating loss stood at $40.46 million compared to operating income of $38.26 million in the year ago comparable quarter. Meanwhile, excluding the impact of legal settlement expense, the Company's operating income was $40.3 million in Q2 FY18.

Balance Sheet

In six months ended December 02, 2017, net cash provided by operating activities was $64.84 million versus net cash used in operating activities of $70.19 million in Q1 FY17. As on December 02, 2017, Cal-Maine's had cash and short-term investments of $209.30 million compared to $156.03 million as on June 03, 2017. Furthermore, the Company had reported long-term debt amounting to $4.20 million as on December 02, 2017 versus $6.11 million as on June 03, 2017.

Stock Performance Snapshot

January 16, 2018 - At Tuesday's closing bell, Cal-Maine Foods' stock was slightly down 0.45%, ending the trading session at $44.00.

Volume traded for the day: 282.68 thousand shares.

Stock performance in the last three-month – up 6.54%; previous six-month period – up 23.77%; and past twelve-month period – up 2.33%

After yesterday's close, Cal-Maine Foods' market cap was at $2.29 billion.

The stock is part of the Consumer Goods sector, categorized under the Food - Major Diversified industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors