Delaware | 000-04892 | 64-0500378 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
CAL-MAINE FOODS, INC. | |||
Date: | July 24, 2017 | 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 | 53 Weeks Ended | ||||||||||||
June 3, 2017 | May 28, 2016 | June 3, 2017 | May 28, 2016 | ||||||||||
Dozen Eggs Sold (000) | 273,015 | 253,077 | 1,031,130 | 1,053,597 | |||||||||
Dozen Eggs Produced (000) | 237,006 | 198,950 | 870,252 | 819,307 | |||||||||
% Specialty Sales (dozen)* | 22.7 | % | 23.3 | % | 22.9 | % | 22.9 | % | |||||
% Specialty Sales (dollars)* | 42.0 | % | 40.2 | % | 43.6 | % | 29.1 | % | |||||
Net Average Selling Price (dozen) | $ | 0.973 | $ | 1.152 | $ | 1.007 | $ | 1.735 | |||||
Net Average Selling Price Specialty Eggs (dozen) | $ | 1.823 | $ | 2.011 | $ | 1.939 | $ | 2.213 | |||||
Feed Cost (dozen) | $ | 0.381 | $ | 0.396 | $ | 0.399 | $ | 0.414 |
13 Weeks Ended | 53 Weeks Ended | |||||||||||||||
June 3, 2017 | May 28, 2016 | June 3, 2017 | May 28, 2016 | |||||||||||||
Net sales | $ | 274,584 | $ | 303,020 | $ | 1,074,513 | $ | 1,908,650 | ||||||||
Gross profit | 12,006 | 40,680 | 45,550 | 648,074 | ||||||||||||
Operating income (loss) | (38,291 | ) | (1,965 | ) | (132,094 | ) | 471,877 | |||||||||
Other income | 5,141 | 3,034 | 17,800 | 15,372 | ||||||||||||
Income (loss) before income taxes and noncontrolling interest | (33,151 | ) | 1,068 | (114,294 | ) | 487,249 | ||||||||||
Income (loss) before income taxes attributable to Cal-Maine Foods, Inc. | (33,011 | ) | 987 | (114,145 | ) | 485,243 | ||||||||||
Net income (loss) | $ | (24,471 | ) | $ | (376 | ) | $ | (74,278 | ) | $ | 316,041 | |||||
Net income (loss) per share: | ||||||||||||||||
Basic | $ | (0.51 | ) | $ | (0.01 | ) | $ | (1.54 | ) | $ | 6.56 | |||||
Diluted | $ | (0.51 | ) | $ | (0.01 | ) | $ | (1.54 | ) | $ | 6.53 | |||||
Weighted average shares outstanding | ||||||||||||||||
Basic | 48,329 | 48,247 | 48,362 | 48,195 | ||||||||||||
Diluted | 48,329 | 48,247 | 48,362 | 48,365 |
June 3, 2017 | May 28, 2016 | |||||||
ASSETS | ||||||||
Cash and short-term investments | $ | 156,026 | $ | 389,545 | ||||
Receivables | 64,509 | 67,448 | ||||||
Income tax receivable | 52,691 | 11,830 | ||||||
Inventories | 160,692 | 154,799 | ||||||
Prepaid expenses and other current assets | 2,288 | 2,661 | ||||||
Current assets | 436,206 | 626,283 | ||||||
Property, plant and equipment (net) | 458,184 | 392,274 | ||||||
Other noncurrent assets | 138,704 | 93,208 | ||||||
Total assets | $ | 1,033,094 | $ | 1,111,765 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Accounts payable and accrued expenses | $ | 59,853 | $ | 67,131 | ||||
Current maturities of long-term debt | 4,826 | 16,320 | ||||||
Current liabilities | 64,679 | 83,451 | ||||||
Long-term debt, less current maturities | 6,113 | 9,250 | ||||||
Deferred income taxes and other liabilities | 117,809 | 101,703 | ||||||
Stockholders' equity | 844,493 | 917,361 | ||||||
Total liabilities and stockholders' equity | $ | 1,033,094 | $ | 1,111,765 |
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