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Cal-Maine Foods Q4 net earnings up
www.food-business-review.com | Jul 29, 2008
Cal-Maine Foods has reported net earnings of $36.6 million for the fourth quarter ended May 31, 2008, compared to $18.3 million in the same period of 2007.
http://www.food-business-review.com/article_news.asp?guid=0E9E6271-859A-4AB5-891E-06C07232AD23
Six Chocolate Stocks to Sweeten Up Your Portfolio (at Seeking Alpha)
seekingalpha.com | Feb 18, 2008
Cadbury Schweppes (CSG) is a London-based confectionery and beverage company which was founded in 1783. Some of its products include cocoa powder and milk chocolate bars. The stock has a P/E of 24, a PEG of 2.61, and a yield of 2.5%.
http://seekingalpha.com/article/64980-six-chocolate-stocks-to-sweeten-up-your-portfolio?source=yahoo
Bottom's Up for Femsa - Barron's (at Seeking Alpha)
seekingalpha.com | Feb 10, 2008
Fomento Economico Mexicano (ADR ticker FMX), or Femsa, is the largest beer and soft drink producer in Mexico and the second-largest Coca-Cola (KO) bottler worldwide. Profits for 2008 are expected to reach $830 million or $2.33/share on revenues of $14.5 billion. But shares are down to $38.
http://seekingalpha.com/article/63901-bottom-s-up-for-femsa-barron-s?source=yahoo
Cal-Maine Foods acquires assets of Zephyr Egg
www.food-business-review.com | Jul 2, 2008
Cal-Maine Foods, engaged in the production, grading, packing and sale of fresh shell eggs, has acquired majority of the assets of Zephyr Egg Company, located in Zephyrhills, Florida.
http://www.food-business-review.com/article_news.asp?guid=79AB0EF1-934F-484D-B6B0-9648C9CD2F11
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National Provisioner Online
JACKSON, Miss. - Cal-Maine Foods, Inc. today announced that it has signed an agreement to buy the 50 percent interest in Green Forest Foods, LLC, owned by Pier 44 Properties, LLC.
News from Zibb.com
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Cal-Maine Foods, Inc. Announces Agreement to Acquire Zephyr Egg Company - Zibb.com
JACKSON, Miss., Jun 25, 2008 (BUSINESS WIRE) --
Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company has reached an agreement to acquire the majority of the assets of Zephyr Egg Company, located in Zephyrhills, Florida. Zephyr Egg has been a major participant in the egg industry in Florida and the southeastern United States for over 40 years. The assets to be purchased by Cal-Maine include approximately two million laying hens in modern, in-line facilities, pullet growing facilities, two egg processing plants, a feed mill and a fleet of delivery trucks for both eggs and feed. In addition, the Company will acquire the Eggland's Best(TM) franchise for southern Florida, certain flocks of contract laying hens, and Zephyr's interest in American Egg Products, Inc., in which Cal-Maine already has a majority interest. The Company expects to close the transaction by the end of June 2008.
Commenting on the announcement, Fred Adams, Jr., chairman and chief executive officer of Cal-Maine Foods, Inc., said, "Cal-Maine Foods is very pleased to announce this acquisition. The Zephyr Egg operations have an excellent reputation, efficient operations and a well-established customer base. This acquisition will complement our existing operations in Florida and allow us to enhance service to our existing customers and attract additional customers in Florida and other southeastern markets. We look forward to the opportunity to continue to grow our business and provide greater value for our shareholders."
Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs. The Company, which is headquartered in Jackson, Mississippi, currently is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in approximately 29 states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (contained in the Company's SEC filings) that could cause actual results to differ materially from those projected. SEC filings may be obtained from the SEC or by contacting the Company.
SOURCE: Cal-Maine Foods, Inc.
Cal-Maine Foods, Inc. Fred Adams, Jr., Chairman and CEO or Timothy A. Dawson, Vice President and CFO 601-948-6813
Tags: acquisition business ceo contract distributor florida maine mississippi nasdaq products sec securities united states
Companies: Cal-Maine Foods, Inc. (CALM)
Cal-Maine Foods acquires assets of Zephyr Egg - Zibb.com
Jul 02, 2008 (Datamonitor via COMTEX) --
Cal-Maine Foods, engaged in the production, grading, packing and sale of fresh shell eggs, has acquired majority of the assets of Zephyr Egg Company, located in Zephyrhills, Florida.
The acquisition was closed in accordance with the terms of the asset purchase agreement. According to the company, the assets acquired from Zephyr Egg include approximately two million laying hens in modern, in-line facilities, pullet growing facilities, two egg processing plants, a feed mill and a fleet of delivery trucks for both eggs and feed.
Cal-Maine also acquired from Zephyr the Eggland's Best franchise for southern Florida, certain flocks of contract laying hens, and Zephyr's interest in American Egg Products. Cal-Maine was the majority owner of American Egg Products prior to this transaction.
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
Tags: acquisition contract florida maine products
Companies: Cal-Maine Foods, Inc. (CALM)
Cal-Maine Foods, Inc. Reports Fourth Quarter and Fiscal 2008 Results - Zibb.com
JACKSON, Miss., Jul 28, 2008 (BUSINESS WIRE) --
Cal-Maine Foods, Inc. (NASDAQ:CALM) today announced financial results for the fourth quarter and fiscal year ended May 31, 2008. For the fourth quarter of fiscal 2008, net sales were $235.6 million compared with net sales of $169.9 million for the fourth quarter a year ago. The Company reported net earnings of $36.6 million, or $1.54 per basic share, for the fourth quarter of fiscal 2008 compared with net earnings of $18.3 million, or $0.78 per basic share, for the same period last year.
For the fiscal year 2008, net sales were $915.9 million compared with net sales of $598.1 million for fiscal 2007. The Company reported net income of $151.9 million, or $6.41 per basic share, for fiscal 2008 compared with net income of $36.7 million, or $1.56 per basic share, in fiscal 2007.
Fred Adams, Jr., chairman and chief executive officer of Cal-Maine Foods, Inc., stated, "The results for the fourth quarter reflect good demand for eggs and strong egg prices. The overall supply of eggs was slightly lower than the same period last year, which contributed to a more favorable market balance. Feed costs continued to be very high, reflecting the rising costs of corn and soybean meal.
"For fiscal 2008, our results reflect very good egg prices, record high feed costs, and a solid performance by the Cal-Maine management team. As we look ahead, we see continued strong demand for eggs, a slightly higher, but manageable, egg supply, and further volatility with respect to corn and soybean meal prices. All of our operations are running smoothly, and we are optimistic about Cal-Maine's business for the year ahead."
For the fourth quarter of fiscal 2008, Cal-Maine will pay a cash dividend of approximately $.516 per share to holders of its common stock. A cash dividend of approximately $.49 per share will be paid to holders of its Class A common stock, which represents 95 percent of the amount paid to holders of common stock. The amount paid could vary slightly based on the amount of outstanding shares on the record date. The dividend is payable August 14, 2008, to shareholders of record on July 30, 2008.
Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs. The Company, which is headquartered in Jackson, Mississippi, currently is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in approximately 29 states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (contained in the Company's SEC filings) that could cause actual results to differ materially from those projected. SEC filings may be obtained from the SEC or by contacting the Company.
CAL-MAINE FOODS, INC. AND SUBSIDIARIES
FINANCIAL HIGHLIGHTS
(Unaudited)
(In thousands, except per share amounts)
13 Weeks 13 Weeks 52 Weeks 52 Weeks
Ended Ended Ended Ended
May 31, June 2, May 31, June 2,
2008 2007 2008 2007
--------- --------- --------- ---------
Net sales $ 235,628 $ 169,872 $ 915,939 $ 598,128
Gross profit 72,042 41,080 298,556 118,624
Operating income 52,043 26,517 223,637 58,230
Income before income taxes 54,911 27,107 231,391 56,261
Net income $ 36,558 $ 18,283 $ 151,861 $ 36,656
Net income per common share:
Basic $ 1.54 $ 0.78 $ 6.41 $ 1.56
Diluted $ 1.54 $ 0.77 $ 6.40 $ 1.55
Weighted average shares
outstanding:
Basic 23,714 23,581 23,677 23,526
Diluted 23,751 23,647 23,733 23,599
SUMMARY BALANCE SHEET
(Unaudited)
(In thousands)
May 31, June 2,
ASSETS 2008 2007
--------- ---------
Cash and short-term investments $ 94,858 $ 54,532
Receivables 50,223 38,180
Inventories 76,766 62,208
Other 2,418 1,390
--------- ---------
Current assets 224,265 156,310
Property, plant and equipment (net) 206,493 193,590
Other assets 70,478 14,668
--------- ---------
Total assets $ 501,236 $ 364,568
========= =========
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable and accrued expenses $ 67,952 $ 45,051
Other current liabilities 10,358 5,435
Current maturities of long-term debt 11,470 13,442
Deferred income taxes 12,935 11,830
--------- ---------
Current liabilities 102,715 75,758
Deferred income taxes and other liabilities 37,161 33,661
Long-term debt, less current maturities 85,680 99,410
Shareholders' equity 275,680 155,739
--------- ---------
Total liabilities and shareholders' equity $ 501,236 $ 364,568
========= =========
SOURCE: Cal-Maine Foods, Inc.
Cal-Maine Foods, Inc. Fred Adams, Jr., 601-948-6813 Chairman and CEO or Timothy A. Dawson, 601-948-6813 Vice President and CFO
Tags: business ceo corn debt distributor dividend equity financial results maine market mississippi nasdaq plant prices property sec securities soybean taxes
Companies: Cal-Maine Foods, Inc. (CALM)
Cal-Maine Foods Q4 net earnings up - Zibb.com
Jul 29, 2008 (Datamonitor via COMTEX) --
Cal-Maine Foods has reported net earnings of $36.6 million for the fourth quarter ended May 31, 2008, compared to $18.3 million in the same period of 2007.
Earnings per basic share were $1.54, compared with $0.78 per basic share for the fourth quarter of 2007. Net sales were $235.6 million, compared to $169.9 million in the same quarter of 2007.
For the fiscal year ended May 31, 2008, net sales were $915.9 million, compared to $598.1 million for fiscal 2007. Net income was $151.9 million, or $6.41 per basic share, compared to $36.7 million, or $1.56 per basic share, in fiscal 2007.
Fred Adams, Jr, chairman and CEO of Cal-Maine Foods, said: "The results for the fourth quarter reflect good demand for eggs and strong egg prices. For fiscal 2008, our results reflect very good egg prices, record high feed costs and a solid performance by the Cal-Maine management team. As we look ahead, we see continued strong demand for eggs, a slightly higher, but manageable, egg supply and further volatility with respect to corn and soybean meal prices."
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon
Tags: ceo corn earnings maine prices soybean
Companies: Cal-Maine Foods, Inc. (CALM)
News from Zibb.com
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