Delaware | 000-04892 | 64-0500378 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
Common Stock, $0.01 par value per share | CALM | The NASDAQ Global Select Market |
Exhibit Number | Description | |
99.1 | ||
104 | Cover Page Interactive Data File, (embedded within the Inline XBRL document) |
CAL-MAINE FOODS, INC. | |||
Date: | September 30, 2019 | By: | /s/ Max P. Bowman |
Max P. Bowman Director, Vice President, and Chief Financial Officer |
Contacts: | Dolph Baker, Chairman and CEO | ||
Max P. Bowman, Vice President and CFO | |||
(601) 948-6813 |
13 Weeks Ended | ||||||
August 31, 2019 | September 1, 2018 | |||||
Dozen Eggs Sold (000) | 254,424 | 250,059 | ||||
Dozen Eggs Produced (000) | 214,298 | 209,212 | ||||
% Specialty Sales (dozen)* | 22.2 | % | 23.8 | % | ||
% Specialty Sales (dollars)* | 44.9 | % | 34.2 | % | ||
Net Average Selling Price (per dozen) | $ | 0.915 | $ | 1.307 | ||
Net Average Selling Price Specialty Eggs (per dozen)* | $ | 1.863 | $ | 1.890 | ||
Feed Cost (per dozen) | $ | 0.411 | $ | 0.413 |
13 Weeks Ended | ||||||||
August 31, 2019 | September 1, 2018 | |||||||
Net sales | $ | 241,166 | $ | 340,583 | ||||
Cost of sales | 262,291 | 283,455 | ||||||
Gross profit (loss) | (21,125 | ) | 57,128 | |||||
Selling, general, and administrative expense | 42,475 | 44,510 | ||||||
Gain on disposal of fixed assets | (130 | ) | (59 | ) | ||||
Operating income (loss) | (63,470 | ) | 12,677 | |||||
Other income, net | 2,978 | 3,816 | ||||||
Income (loss) before income taxes and noncontrolling interest | (60,492 | ) | 16,493 | |||||
Income tax (benefit) expense | (14,771 | ) | 3,750 | |||||
Net income (loss) before noncontrolling interest | (45,721 | ) | 12,743 | |||||
Less: Net income attributable to noncontrolling interest | 39 | 338 | ||||||
Net income (loss) attributable to Cal-Maine Foods, Inc. | $ | (45,760 | ) | $ | 12,405 | |||
Net income (loss) per share: | ||||||||
Basic | $ | (0.94 | ) | $ | 0.26 | |||
Diluted | $ | (0.94 | ) | $ | 0.26 | |||
Weighted average shares outstanding | ||||||||
Basic | 48,446 | 48,390 | ||||||
Diluted | 48,446 | 48,516 |
August 31, 2019 | June 1, 2019 | |||||||
ASSETS | ||||||||
Cash and short-term investments | $ | 236,086 | $ | 319,428 | ||||
Receivables, net | 78,359 | 71,760 | ||||||
Inventories | 182,396 | 172,237 | ||||||
Prepaid expenses and other current assets | 6,099 | 4,328 | ||||||
Current assets | 502,940 | 567,753 | ||||||
Property, plant and equipment (net) | 462,148 | 455,347 | ||||||
Other noncurrent assets | 131,784 | 133,178 | ||||||
Total assets | 1,096,872 | 1,156,278 | ||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Accounts payable and accrued expenses | $ | 73,913 | $ | 73,211 | ||||
Current maturities of long-term debt and lease obligations | 1,576 | 1,696 | ||||||
Current liabilities | 75,489 | 74,907 | ||||||
Long-term debt and lease obligations, less current maturities | 2,227 | 858 | ||||||
Deferred income taxes and other liabilities | 75,389 | 90,707 | ||||||
Stockholders' equity | 943,767 | 989,806 | ||||||
Total liabilities and stockholders' equity | 1,096,872 | 1,156,278 |
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