NASDAQ$CALM
Cal-Maine Foods, Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Cal-Maine Foods reported record sales, driven by higher average selling prices and increased specialty egg sales volume.
Cal-Maine Foods reported record first quarter sales for fiscal year 2023, with a 103% increase in net sales compared to the same quarter last year. The company's performance was driven by higher average selling prices and record specialty egg sales volumes. Net income for the quarter was $125.3 million, or $2.58 per basic share.
- Record quarterly net sales of $658.3 million, a 103% increase compared with the same quarter last year.
- Net income was $125.3 million, or $2.58 per basic and $2.57 per diluted common share.
- Gross profit margin of 33.0% for the first quarter.
- The company will pay a cash dividend of approximately $0.85 per share.
Headline financials
Revenue & EPS history
Cal-Maine Foods · Revenue · Quarterly
$658M
Revenue by segment
Cal-Maine Foods · $658M total across 2 segments · Q1 2023
- Conventional Eggs$458M—69.5%
- Specialty Eggs$201M+44.8%30.5%
Forward guidance
The Company expects continued corn and soybean upward pricing pressures and further market volatility to affect feed costs. The Company believes that HPAI outbreak will continue to have an impact on the overall supply of eggs through the balance of this calendar year and possibly beyond.
Headwinds
- Continued corn and soybean upward pricing pressures
- Further market volatility to affect feed costs
- HPAI outbreak will continue to have an impact on the overall supply of eggs through the balance of this calendar year
- HPAI outbreak will continue to have an impact on the overall supply of eggs possibly beyond this calendar year
- Layer hen inventory is not projected to exceed the 320 million mark until October of 2023
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
-0.7%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.0%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+11.0%
Q3 2014
Best reaction
-16.6%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.1% | -0.3% | — | |
| Q2 2026 | -1.6% | -6.6% | +4.4% | |
| Q1 2026 | -1.1% | -1.4% | -6.7% | |
| Q4 2025 | +0.8% | +3.9% | +5.9% | |
| Q3 2025 | +2.5% | +9.3% | +1.0% | |
| Q2 2025 | -0.0% | -2.7% | +3.8% | |
| Q1 2025 | +0.8% | +13.0% | +17.3% | |
| Q4 2024 | +3.7% | +9.8% | +11.7% | |
| Q3 2024 | +4.3% | +7.4% | -1.8% | |
| Q2 2024 | -0.7% | -2.5% | +0.5% | |
| Q1 2024 | -7.3% | -3.2% | +4.6% | |
| Q4 2023 | +0.5% | +2.4% | +4.1% | |
| Q3 2023 | +4.9% | +10.2% | -12.9% | |
| Q2 2023 | -16.6% | -14.6% | -13.7% | |
| Q1 2023 | +1.1% | -6.9% | -6.0% | |
| Q4 2022 | +0.3% | +1.5% | +5.3% | |
| Q3 2022 | +3.0% | +14.5% | +7.7% | |
| Q2 2022 | -1.8% | +0.2% | +5.1% | |
| Q1 2022 | +0.3% | -2.4% | +1.0% | |
| Q4 2021 | -2.7% | -3.0% | -1.5% | |
| Q3 2021 | -3.5% | -4.1% | -7.9% | |
| Q2 2021 | +3.1% | +2.1% | +4.2% | |
| Q1 2021 | -1.0% | -1.4% | -0.1% | |
| Q4 2020 | -0.5% | -0.4% | -6.7% | |
| Q3 2020 | +3.7% | -4.5% | +1.5% | |
| Q2 2020 | -10.2% | -9.9% | -13.6% | |
| Q1 2020 | -13.9% | -16.4% | -11.5% | |
| Q4 2019 | +0.3% | -0.8% | +5.6% | |
| Q3 2019 | -5.9% | -5.8% | -7.5% | |
| Q2 2019 | -1.3% | -0.6% | +1.4% | |
| Q1 2019 | -9.6% | -8.1% | +0.8% | |
| Q4 2018 | -2.1% | -2.1% | +8.6% | |
| Q3 2018 | +5.1% | +6.9% | +7.1% | |
| Q2 2018 | -0.3% | -0.1% | -6.1% | |
| Q1 2018 | +5.8% | +3.0% | +6.6% | |
| Q4 2017 | -0.1% | +3.4% | -6.1% | |
| Q3 2017 | +0.5% | -1.5% | +3.6% | |
| Q2 2017 | +5.3% | +6.4% | +1.9% | |
| Q1 2017 | -3.2% | -8.6% | -11.3% | |
| Q4 2016 | -5.4% | -8.1% | -2.1% | |
| Q3 2016 | +6.5% | — | — | |
| Q2 2016 | +1.5% | — | — | |
| Q1 2016 | -9.9% | — | — | |
| Q4 2015 | -0.7% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | +4.5% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | +11.0% | — | — | |
| Q2 2014 | -0.0% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | -6.0% | — | — | |
| Q1 2013 | +2.7% | — | — | |
| Q2 2012 | -0.2% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q3 2011 | -0.2% | — | — | |
| Q2 2011 | +1.0% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q1 2012 | -2.1% | — | — | |
| Q3 2010 | -3.8% | — | — |
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