Delaware
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000-04892
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64-0500378
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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CAL-MAINE FOODS, INC.
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Date:
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October 2, 2017
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By:
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/s/ Timothy A. Dawson
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Timothy A. Dawson
Director, Vice President, and Chief Financial Officer
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Contacts:
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Dolph Baker, Chairman, President and CEO
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Timothy A. Dawson, Vice President and CFO
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(601) 948-6813
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13 Weeks Ended
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|||||
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September 2, 2017
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August 27, 2016
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Dozen Eggs Sold (000)
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249,464
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242,325
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Dozen Eggs Produced (000)
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213,570
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198,782
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% Specialty Sales (dozen)*
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21.7
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%
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22.9
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%
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% Specialty Sales (dollars)*
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39.6
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%
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46.7
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%
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Net Average Selling Price (dozen)
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$
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1.017
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$
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0.952
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Net Average Selling Price Specialty Eggs (dozen)*
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$
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1.878
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$
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1.973
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Feed Cost (dozen)
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$
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0.375
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$
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0.431
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13 Weeks Ended
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||||||
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September 2, 2017
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August 27, 2016
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Net sales
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$
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262,845
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$
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239,845
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Gross profit (loss)
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17,336
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(9,569
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)
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Operating loss
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(24,378
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)
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(50,350
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)
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Other income (loss)
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(139
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)
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1,810
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Loss before income taxes and noncontrolling interest
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(24,517
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)
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(48,540
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)
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Loss before income taxes attributable to Cal-Maine Foods, Inc.
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(24,333
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)
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(48,496
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)
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Net loss
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$
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(15,993
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)
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$
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(30,936
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)
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Net loss per share:
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Basic
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$
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(0.33
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)
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$
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(0.64
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)
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Diluted
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$
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(0.33
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)
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$
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(0.64
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)
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Weighted average shares outstanding
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Basic
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48,330
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48,249
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Diluted
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48,330
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48,249
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September 2, 2017
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June 3, 2017
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ASSETS
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Cash and short-term investments
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$
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125,971
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$
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156,026
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Receivables
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75,626
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64,509
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Income tax receivable
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55,970
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52,691
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Inventories
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159,226
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160,692
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Prepaid expenses and other current assets
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3,753
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2,288
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Current assets
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420,546
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436,206
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Property, plant and equipment (net)
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452,099
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458,184
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Other noncurrent assets
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138,383
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138,704
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Total assets
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$
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1,011,028
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$
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1,033,094
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LIABILITIES AND STOCKHOLDERS' EQUITY
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Accounts payable and accrued expenses
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$
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58,386
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$
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59,853
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Current maturities of long-term debt
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4,683
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4,826
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Current liabilities
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63,069
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64,679
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Long-term debt, less current maturities
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5,048
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6,113
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Deferred income taxes and other liabilities
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113,446
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117,809
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Stockholders' equity
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829,465
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844,493
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Total liabilities and stockholders' equity
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$
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1,011,028
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$
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1,033,094
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