trending Market Intelligence /marketintelligence/en/news-insights/trending/7Cfiaj5VERHH9kKW5aLGBQ2 content esgSubNav
In This List

Cal-Maine Foods fiscal Q2 profit climbs 37.9% YOY

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Cal-Maine Foods fiscal Q2 profit climbs 37.9% YOY

Cal-Maine Foods Inc. said its normalized net income for the fiscal second quarter ended Nov. 29 came to 72 cents per share, compared with the S&P Capital IQ consensus estimate of 76 cents per share.

EPS climbed 37.5% year over year from 53 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $35.1 million, an increase of 37.9% from $25.4 million in the prior-year period.

The normalized profit margin increased to 9.3% from 7.2% in the year-earlier period.

Total revenue rose 6.9% on an annual basis to $378.6 million from $354.3 million, and total operating expenses rose from the prior-year period to $323.0 million from $313.4 million.

Reported net income grew 41.1% from the prior-year period to $36.8 million, or 76 cents per share, from $26.1 million, or 54 cents per share.