Delaware | 000-04892 | 64-0500378 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
CAL-MAINE FOODS, INC. | ||
Date: December 22, 2016 | By: | /s/ Timothy A. Dawson |
Timothy A. Dawson Director, Vice President, and Chief Financial Officer |
![]() | Contacts: | Dolph Baker, Chairman, President and CEO | |
Timothy A. Dawson, Vice President and CFO | |||
(601) 948-6813 |
13 Weeks Ended | 26 Weeks Ended | ||||||||||||
November 26, 2016 | November 28, 2015 | November 26, 2016 | November 28, 2015 | ||||||||||
Dozen Eggs Sold (000) | 252,177 | 264,172 | 494,501 | 522,946 | |||||||||
Dozen Eggs Produced (000) | 211,971 | 204,423 | 410,753 | 407,071 | |||||||||
% Specialty Sales (dozen)* | 22.4 | % | 22.4 | % | 22.6 | % | 22.4 | % | |||||
% Specialty Sales (dollars)* | 45.8 | % | 26.1 | % | 46.2 | % | 25.4 | % | |||||
Net Average Selling Price (dozen) | $ | 0.971 | $ | 1.970 | $ | 0.962 | $ | 2.105 | |||||
Net Average Selling Price Specialty Eggs (dozen) | $ | 2.003 | $ | 2.308 | $ | 1.988 | $ | 2.393 | |||||
Feed Cost (dozen) | $ | 0.394 | $ | 0.427 | $ | 0.412 | $ | 0.423 |
13 Weeks Ended | 26 Weeks Ended | |||||||||||||||
November 26, 2016 | November 28, 2015 | November 26, 2016 | November 28, 2015 | |||||||||||||
Net sales | $ | 253,544 | $ | 545,975 | $ | 493,389 | $ | 1,155,870 | ||||||||
Gross profit (loss) | 3,948 | 211,597 | (5,621) | 474,668 | ||||||||||||
Operating income (loss) | (38,043) | 166,159 | (87,868) | 386,267 | ||||||||||||
Other income | 1,275 | 1,850 | 2,560 | 2,399 | ||||||||||||
Income (loss) before income taxes and noncontrolling interest | (36,768) | 168,009 | (85,308) | 388,666 | ||||||||||||
Income (loss) before income taxes attributable to Cal-Maine Foods, Inc. | (36,811) | 167,329 | (85,307) | 386,919 | ||||||||||||
Net income (loss) | $ | (23,010 | ) | $ | 109,230 | $ | (53,946 | ) | $ | 252,253 | ||||||
Net income (loss) per share: | ||||||||||||||||
Basic | $ | (0.48 | ) | $ | 2.27 | $ | (1.12 | ) | $ | 5.24 | ||||||
Diluted | $ | (0.48 | ) | $ | 2.26 | $ | (1.12 | ) | $ | 5.22 | ||||||
Weighted average shares outstanding | ||||||||||||||||
Basic | 48,250 | 48,164 | 48,249 | 48,164 | ||||||||||||
Diluted | 48,250 | 48,361 | 48,249 | 48,354 |
November 26, 2016 | May 28, 2016 | |||||||
ASSETS | ||||||||
Cash and short-term investments | $ | 197,901 | $ | 389,545 | ||||
Receivables | 81,718 | 67,448 | ||||||
Income tax receivable | 39,932 | 11,830 | ||||||
Inventories | 162,291 | 154,799 | ||||||
Prepaid expenses and other current assets | 2,885 | 2,661 | ||||||
Current assets | 484,727 | 626,283 | ||||||
Property, plant and equipment (net) | 448,547 | 392,274 | ||||||
Other noncurrent assets | 129,369 | 93,208 | ||||||
Total assets | $ | 1,062,643 | $ | 1,111,765 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Accounts payable and accrued expenses | $ | 67,005 | $ | 67,131 | ||||
Current maturities of long-term debt | 15,510 | 16,320 | ||||||
Current liabilities | 82,515 | 83,451 | ||||||
Long-term debt, less current maturities | 7,000 | 9,250 | ||||||
Deferred income taxes and other liabilities | 108,211 | 101,703 | ||||||
Stockholders' equity | 864,917 | 917,361 | ||||||
Total liabilities and stockholders' equity | $ | 1,062,643 | $ | 1,111,765 |
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