Delaware | 000-04892 | 64-0500378 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
CAL-MAINE FOODS, INC. | |||
Date: | October 2, 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 | |||||||
September 2, 2017 | August 27, 2016 | ||||||
Dozen Eggs Sold (000) | 249,464 | 242,325 | |||||
Dozen Eggs Produced (000) | 213,570 | 198,782 | |||||
% Specialty Sales (dozen)* | 21.7 | % | 22.9 | % | |||
% Specialty Sales (dollars)* | 39.6 | % | 46.7 | % | |||
Net Average Selling Price (dozen) | $ | 1.017 | $ | 0.952 | |||
Net Average Selling Price Specialty Eggs (dozen)* | $ | 1.878 | $ | 1.973 | |||
Feed Cost (dozen) | $ | 0.375 | $ | 0.431 |
13 Weeks Ended | |||||||||
September 2, 2017 | August 27, 2016 | ||||||||
Net sales | $ | 262,845 | $ | 239,845 | |||||
Gross profit (loss) | 17,336 | (9,569 | ) | ||||||
Operating loss | (24,378 | ) | (50,350 | ) | |||||
Other income (loss) | (139 | ) | 1,810 | ||||||
Loss before income taxes and noncontrolling interest | (24,517 | ) | (48,540 | ) | |||||
Loss before income taxes attributable to Cal-Maine Foods, Inc. | (24,333 | ) | (48,496 | ) | |||||
Net loss | $ | (15,993 | ) | $ | (30,936 | ) | |||
Net loss per share: | |||||||||
Basic | $ | (0.33 | ) | $ | (0.64 | ) | |||
Diluted | $ | (0.33 | ) | $ | (0.64 | ) | |||
Weighted average shares outstanding | |||||||||
Basic | 48,330 | 48,249 | |||||||
Diluted | 48,330 | 48,249 |
September 2, 2017 | June 3, 2017 | |||||||
ASSETS | ||||||||
Cash and short-term investments | $ | 125,971 | $ | 156,026 | ||||
Receivables | 75,626 | 64,509 | ||||||
Income tax receivable | 55,970 | 52,691 | ||||||
Inventories | 159,226 | 160,692 | ||||||
Prepaid expenses and other current assets | 3,753 | 2,288 | ||||||
Current assets | 420,546 | 436,206 | ||||||
Property, plant and equipment (net) | 452,099 | 458,184 | ||||||
Other noncurrent assets | 138,383 | 138,704 | ||||||
Total assets | $ | 1,011,028 | $ | 1,033,094 | ||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Accounts payable and accrued expenses | $ | 58,386 | $ | 59,853 | ||||
Current maturities of long-term debt | 4,683 | 4,826 | ||||||
Current liabilities | 63,069 | 64,679 | ||||||
Long-term debt, less current maturities | 5,048 | 6,113 | ||||||
Deferred income taxes and other liabilities | 113,446 | 117,809 | ||||||
Stockholders' equity | 829,465 | 844,493 | ||||||
Total liabilities and stockholders' equity | $ | 1,011,028 | $ | 1,033,094 |
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