Cal-Maine Foods' 2Q Rev, Profit Up Sharply on Higher Egg Prices
Cal-Maine Foods said revenue and profit spiked in its fiscal second quarter as consumer demand for eggs outpaced supply, which has been squeezed by recent bird flu outbreaks. The egg producer on Tuesday reported a profit of $219.1 million for its quarter ended Nov. 30, compared with $17 million a year earlier.
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Cal-Maine Foods exceeded expectations in Q2 thanks to strong demand and strategic positioning, despite challenges with feed costs and market volatility.
Northern California has seen its fair share of rain within the past few months. Down here in San Diego- it’s the opposite.
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