** charts before earnings **
** charts after earnings **
- 3 weeks later
Cal-Maine Foods misses by $0.14, misses on revs :
- Reports Q2 (Nov) earnings of $2.26 per share, $0.14 worse than the Capital IQ Consensus of $2.40; revenues rose 44.2% year/year to $546 mln vs the $555.05 mln Capital IQ Consensus. Eggs sold flat at 264.2 mln dozen.
- "Our industry continues to deal with the significant reduction in the national laying hen flock that occurred this past spring related to the Avian Influenza (AI) outbreaks in the upper Midwestern United States. While the supply is gradually starting to move back up, the current national laying hen flock reported by the USDA yesterday is still approximately nine percent lower than it was a year ago. Egg prices have moved lower than expected in spite of the reduced supply, and we expect prices will remain volatile until the industry has more clarity on future supply levels.
No comments:
Post a Comment