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 1, 2018
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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 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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September 1, 2018
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September 2, 2017
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Dozen Eggs Sold (000)
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250,060
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249,464
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Dozen Eggs Produced (000)
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209,212
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213,570
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% Specialty Sales (dozen)*
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23.8
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%
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21.7
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%
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% Specialty Sales (dollars)*
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34.2
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%
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39.6
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%
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Net Average Selling Price (per dozen)
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$
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1.307
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$
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1.017
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Net Average Selling Price Specialty Eggs (per dozen)*
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$
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1.890
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$
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1.878
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Feed Cost (per dozen)
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$
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0.413
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$
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0.375
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13 Weeks Ended
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September 1, 2018
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September 2, 2017
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Net sales
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$
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340,583
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$
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262,845
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Cost of sales
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283,455
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245,509
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Gross profit
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57,128
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17,336
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Selling, general, and administrative expense
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44,510
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41,710
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(Gain) loss on disposal of fixed assets
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(59
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)
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4
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Operating income (loss)
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12,677
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(24,378
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)
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Other income (expense), net
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3,816
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(139
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)
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Income (loss) before income taxes and noncontrolling interest
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16,493
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(24,517
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)
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Income tax (benefit) expense
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3,750
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(8,340
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)
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Net income (loss) before noncontrolling interest
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12,743
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(16,177
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)
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Less: Net income (loss) attributable to noncontrolling interest
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338
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(184
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)
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Net income (loss) attributable to Cal-Maine Foods, Inc.
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$
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12,405
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$
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(15,993
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)
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Net income (loss) per share:
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Basic
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$
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0.26
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$
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(0.33
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)
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Diluted
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$
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0.26
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$
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(0.33
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)
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Weighted average shares outstanding
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Basic
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48,390
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48,330
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Diluted
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48,516
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48,330
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September 1, 2018
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June 2, 2018
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ASSETS
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Cash and short-term investments
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$
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321,412
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$
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331,017
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Receivables, net
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94,548
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85,839
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Inventories
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171,144
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168,644
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Prepaid expenses and other current assets
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4,116
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2,020
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Current assets
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591,220
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587,520
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Property, plant and equipment (net)
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421,717
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425,384
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Other noncurrent assets
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139,158
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137,543
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Total assets
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$
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1,152,095
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$
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1,150,447
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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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93,208
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$
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87,209
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Accrued dividends payable
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4,135
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17,093
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Current maturities of long-term debt and capital lease obligations
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3,271
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3,536
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Current liabilities
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100,614
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107,838
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Long-term debt and capital lease obligations, less current maturities
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1,496
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2,554
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Deferred income taxes and other liabilities
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84,421
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84,373
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Stockholders' equity
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965,564
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955,682
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Total liabilities and stockholders' equity
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$
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1,152,095
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$
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1,150,447
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