CALM Reports Second Quarter Fiscal 2022
Results
Page 3
December 28, 2021
-MORE-
Select operating
statistics for
the second
quarter of
fiscal 2022
compared with
the prior-year
period are
13 Weeks Ended
26 Weeks Ended
November 27,
2021
November 28,
2020
November 27,
2021
November 28,
2020
Dozen Eggs Sold (000)
276,108
273,651
535,493
537,645
Dozen Eggs Produced (000)
256,786
251,914
493,244
483,075
% Specialty Sales (dozen)
30.3
%
26.4
%
29.6
%
26.2
%
% Specialty Sales (dollars)
41.1
%
39.7
%
42.0
%
42.2
%
Net Average Selling Price (per
dozen)
$
1.373
$
1.227
$
1.308
$
1.154
Net Average Selling Price Specialty
Eggs (per dozen)
$
1.862
$
1.854
$
1.857
$
1.866
Feed Cost (per dozen)
$
0.529
$
0.410
$
0.537
$
0.399
Cal-Maine Foods,
Inc. is primarily
engaged in
the production,
grading, packing,
marketing and
distribution of
fresh shell
eggs, including conventional, cage-free, organic, free-range, pasture-raised and nutritionally
enhanced eggs. The Company, which is
headquartered in Ridgeland,
Mississippi, is the largest
producer and distributor
of fresh shell eggs
in the United
States and sells the
majority of its shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
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) our ability to predict
and meet demand for cage-free and
other specialty eggs, (v) risks, changes or obligations
that could
result from our future acquisition of new flocks or businesses and
risks or changes that may
cause conditions to completing a
pending
acquisition not
to be
met, (vi) risks
relating
to the
evolving COVID-19
pandemic, including
without limitation
increased costs
and
growing inflationary
rates and (vii)
adverse results
in pending litigation
matters. SEC filings
may be obtained
from the
SEC or the
,
www.calmainefoods.com
.
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 publicly update these forward-looking statements, whether as a result
of new information, future
events or otherwise.
