Record First Quarter Performance
Cal-Maine Foods reported the strongest first quarter in its history, with net sales of $922.6 million, up 17.4% from the previous year.
Growth in Specialty Eggs and Prepared Foods
Specialty eggs and prepared foods accounted for nearly 40% of net sales, with specialty eggs generating $283.5 million in sales, up 10%.
Prepared Foods Segment Expansion
Prepared foods delivered $83.9 million in sales, an increase of over 800%, with Echo Lake Foods contributing $70.5 million.
Operational and Financial Strength
Gross profit improved by nearly 26% to $311.3 million, and operating income rose to $249.2 million, with significant investments in biosecurity and modernization.
Strategic Acquisitions and Capacity Growth
The acquisition of Echo Lake Foods is exceeding expectations, and a new $14.8 million investment in a high-speed pancake production line has been approved.