Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company
reached annual sales of over one billion dozen eggs for fiscal 2014 with
an expected total of 1.014 billion dozen fresh eggs sold. This
significant milestone marks a new record year of sales for Cal-Maine
Foods and the first time any domestic or world egg supplier has
surpassed annual sales of over one billion dozen eggs.
Commenting on the announcement, Dolph Baker, chairman, president and
chief executive officer of Cal-Maine Foods, Inc., stated, “We are very
excited to achieve this important milestone for Cal-Maine Foods. Our
sales for the year reflect strong organic growth as well as the
additional volumes related to recent acquisitions. We have continued to
benefit from favorable consumer demand for eggs throughout fiscal 2014.
Industry studies show that eggs are found in nearly every household as
consumers enjoy eggs' versatility and the variety of dishes that include
eggs. Furthermore, 85 percent of today’s egg consumers view eggs as a
healthy part of their diet. We strive to meet this demand by offering a
full complement of conventional, cage-free, organic and nutritionally
enhanced eggs. We are proud of our record of growth and equally proud of
our team of employees who have worked so hard to achieve this milestone
for Cal-Maine Foods.”
The Company will report financial and operating results for the fourth
quarter and fiscal year ended May 31, 2014, on July 28, 2014.
Cal-Maine Foods, Inc. is primarily engaged in the production, grading,
packing and sale of fresh shell eggs, including conventional, cage-free,
organic and nutritionally-enhanced eggs. The Company, which is
headquartered in Jackson, Mississippi, 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. The
forward-looking statements are based on management’s current intent,
belief, expectations, estimates and projections regarding our company
and our industry. These statements are not guarantees of future
performance and involve risks, uncertainties, assumptions and other
factors that are difficult to predict and may be beyond our control.
The factors that could cause actual results to differ materially from
those projected in the forward-looking statements include, among others,
(i) the risk factors set forth in the Company’s SEC filings (including
its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and
Current Reports on Form 8-K), (ii) the risks and hazards inherent in the
shell egg business (including disease, pests, weather conditions and
potential for recall), (iii) changes in the demand for and market prices
of shell eggs and feed costs, (iv) risks, changes or obligations that
could result from our future acquisition of new flocks or businesses,
and (v) adverse results in pending litigation matters. SEC filings may
be obtained from the SEC or the Company’s website, www.calmainefoods.com.
Readers are cautioned not to place undue reliance on forward-looking
statements because, while we believe the assumptions on which the
forward-looking statements are based are reasonable, there can be no
assurance that these forward-looking statements will prove to be
accurate. Further, the forward-looking statements included herein
are only made as of the respective dates thereof, or if no date is
stated, as of the date hereof. Except as otherwise required
by law, we disclaim any intent or obligation to update publicly these
forward-looking statements, whether as a result of new information,
future events or otherwise.
Copyright Business Wire 2014