8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 3, 2005

Cagle's, Inc.

(Exact name of registrant as specified in its charter)

Georgia              1-7138                    58-0625713

(State or other    (Commission File Number)   (I.R.S. Employer

   jurisdiction of                              Identification No.)

.        incorporation)                                                     .

2000 Hills Avenue, N.W., Atlanta, Ga.               30318

(Address of principal executive offices)          (Zip Code)

(404) 355-2820

(Registrants telephone number, including area code)

Not applicable.

(Former name or former address, if changed since last report)

     Check the appropriate box if the Form 8-K filing is intended to

simultaneously satisfy the filing obligation of the registrant under any

of the following provisions (see General Instruction A.2. below):

____  Written communications pursuant to Rule 425 under the Securities Act

       (17 CFR 230.425)

____  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

      (17 CFR 240.14a-12)

____  Pre-commencement communications pursuant to Rule 14d-2(b) under the

      Exchange Act (17 CFR 240.14d-2(b))

____  Pre-commencement communications pursuant to Rule 13e-4(c) under the

      Exchange Act (17 CFR 240.13e-4(c))

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TABLE OF CONTENTS

Item 2.02 Results of Operations and Financial Condition.

Item 9.01 Financial Statements and Exhibits.

SIGNATURES

EXHIBIT INDEX

Ex-99.1 Press Release dated November 3, 2005

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Table of Contents

Section 2  Financial Information

Item 2.02 Results of Operations and Financial Condition.

On November 3, 2005, the Registrant issued a press release announcing its

earnings for its fiscal quarter ended October 1, 2005. The press release is

furnished herewith as Exhibit 99.1.  The information in the press release and

transcript is not to be considered filed for purposes of the Securities

Exchange Act of 1934.

Section 9.   Financial Statements and Exhibits

Item 9.01    Financial Statements and Exhibits.

(c) The following exhibits are filed with this Current Report:

Exhibit No.

   Description

99.1           Press release of Cagle's, Inc. dated November 3, 2005

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the

registrant has duly caused this report to be signed on its behalf by the

undersigned hereunto duly authorized.

Cagle's, Inc.

(Registrant)           

Date: November 3, 2005  

By:   /s/  Mark M. Ham IV     

 Mark M. Ham IV  

 Chief Financial Officer    

EX-99

Atlanta, Georgia

November 3, 2005

PRESS RELEASE

FOR IMMEDIATE RELEASE

Cagle's Inc. Reports Second Quarter Earnings

Of $1.7 million, or $.35 Per Share

Cagle's Inc. today reported the following results for its second quarter ended October 01, 2005.

Net income for the second quarter of fiscal 2006 was $1.7 million or $.35 per diluted share as compared with a net income of $2.7 million or $.57 per diluted share for the second quarter of fiscal 2005. For the first six months of fiscal 2006 net income was $3.1 million or $.65 per diluted share as compared with a net income of $8.9 million or $1.87 per diluted share for the same period of fiscal 2005.

Revenues for the second quarter of our current fiscal year were4% lower than the second quarter of fiscal 2005 and 6% lower for the first six months of fiscal 2006. Pounds marketed were up 17% for both the three and six month periods this year versus last as our plants are now running at capacity. Quoted poultry markets continue to display weakness with average pricing down 21% for the first six months of this year. Cost of sales was down 8% for the second quarter and down 7% for the first six months of fiscal 2006 versus comparable periods of fiscal 2005.  Feed prices for the first six months of fiscal 2006 were down by over 20% as compared to the same period last year and are expected to remain stable for the remainder of our current fiscal year.   

Cagle's Inc.

/s/ J. Douglas Cagle

J. Douglas Cagle

Chairman, CEO

Forward-Looking Statements:

Statements contained in this press release that state the intentions, hopes, beliefs, anticipations, expectations or predictions of the future of Cagle's Inc. and its management are forward looking statements. It is important to note that the actual results could differ materially from those projected. Factors that could cause actual results to differ materially from those project in such forward-looking statements include: additional outbreaks of avian influenza or other diseases affecting the production performance and/or marketability of the Company’s poultry products; matters affecting the poultry industry in general, including fluctuations in the commodity prices of feed ingredients and chicken; contamination of our products leading to product liability claims and recalls; exposures to risks related to property damage and injuries to persons for which insurance is limited and pote ntially inadequate; management of our cash resources, particularly in light of our substantial leverage; trade barriers; changes in laws or regulations affecting our operations as well as competitive factors and pricing pressures; and the impact of uncertainties of litigations as well as other risk factors.

Cagle's Inc.

Consolidated Statements of Income (in thousands except per share amounts)

		Three Months Ended		Six Months Ended
		October 1, 2005	October 2, 2004	October 1, 2005	October 2, 2004
Net Sales		$    61,297	$    64,021	$     122,891	$   131,173
Cost and Expenses:
	Cost of Sales	55,618	57,642	112,600	112,697
	Selling & Delivery, General & Admin.	3,512	3,256	6,751	6,177
Total Cost and Expenses		59,130	60,898	119,351	118,874
Operating Profit (Loss)		2,167	3,123	3,540	12,299
Other Income (Expense):
	Interest Expense	(597)	(649)	(1,222)	(1,350)
	Other Income (Expense), net	94	658	619	671
Total Other Income(Expense),net		(503)	9	(603)	(679)
Equity in Earnings of Unconsolidated Affiliates		926	1,116	1,901	2,232
Profit (Loss) before Income Taxes		2,590	4,248	4,838	13,852
Income Tax Expense (Benefit)		932	1,529	1,741	4,971
Net Profit (Loss)		$     1,658	$    2,719	$     3,097	$      8,881
Net Profit (Loss) per Share		$      0.35	$      .57	$       .65	$       1.87

No        

Cagle's Inc.

Condensed Consolidated Balance Sheet (in thousands)

ASSETS	October 1, 2005	April 3, 2004
Current Assets	$           34,819		$          32,687
Investments in Affiliates	7,364		6,105
Other Assets	8,244		11,000
Property, Plant, and Equipment (net)	45,233		44,500
TOTAL ASSETS	$           95,660		$          94,292
LIABILITIES & STOCKHOLDER'S EQUITY
Current Maturities of Long-term Debt	$            3,476		$           3,476
Trade Accounts Payable	12,504		11,563
Other Current Liabilities	5,961		6,438
Total Current Liabilities	21,941		21,477
Long-Term Debt	24,817		26,534
Other Non-current Liabilities	0		475
Total Stockholder's Equity	48,902		45,806
TOTAL LIABILITIES & STOCKHOLDER'S EQUITY	$           95,660		$          94,292