Tue, Apr 8, 8:32 PM (21 days ago)
**Cal-Maine Foods, Inc. (CALM) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $1.42 billion (Q1 2025) vs. $703.1 million (Q1 2024), a 101.6% increase. - **Net Income:** $508.5 million (Q1 2025) vs. $146.7 million (Q1 2024), a 245.3% increase. - **Earnings per Share (EPS):** $10.42 (basic) and $10.38 (diluted) for Q1 2025. - **Gross Profit Margin:** 50.5% (Q1 2025) vs. 31.1% (Q1 2024). - **Operating Income Margin:** 44.9% (Q1 2025) vs. 23.2% (Q1 2024). **Key Drivers:** - **Higher Prices:** Increased net average selling price per dozen, particularly for conventional eggs. - **Volume Growth:** 10.2% increase in dozens sold. - **Cost Management:** Lower feed costs and efficient operations. **Cash Flow:** - **Operating Cash Flow:** $811.7 million (39 weeks ended Q1 2025) vs. $237.6 million (39 weeks ended Q1 2024). - **Investing Activities:** $385.1 million used (39 weeks ended Q1 2025) primarily for acquisitions and capital expenditures. - **Financing Activities:** $160.8 million paid in dividends (39 weeks ended Q1 2025). **Trends & Uncertainties:** - **HPAI Impact:** Continued outbreaks affecting supply and demand. - **Cage-Free Demand:** Increasing customer and regulatory pressure for cage-free eggs. - **Acquisitions:** Strategic investments to expand market reach and product offerings. **Future Operations:** - **Expansion Projects:** Ongoing and planned expansions to increase cage-free production capacity. - **Echo Lake Acquisition:** Pending acquisition to diversify product offerings and expand market presence. - **Share Repurchase Program:** $500 million program approved to repurchase common stock. **Legal & Regulatory:** - **Antitrust Investigation:** Ongoing DOJ investigation into egg price increases. - **Environmental Litigation:** Pending case related to watershed pollution. **Outlook:** - **Positive:** Strong financial performance driven by higher prices and volume growth. - **Challenges:** Continued HPAI outbreaks, regulatory pressures, and potential legal uncertainties.