Profile: Cal-Maine Foods Inc (CALM.OQ)

CALM.OQ on NASDAQ Stock Exchange Global Select Market

18 Oct 2019
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Cal-Maine Foods, Inc., incorporated on September 10, 1969, is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. The Company offers shell eggs, including specialty and non-specialty eggs. The Company classifies cage free, organic and brown eggs as specialty products. It classifies all other shell eggs as non-specialty products. The Company sells its shell eggs in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. The Company markets its shell eggs through its distribution network to a group of customers, including national and regional grocery store chains, club stores, foodservice distributors and egg product consumers. It sells shell eggs to food retailers in the United States.

The Company, through Egg-Land's Best, Inc. (EB), produces, markets and distributes Egg-Land's Best and Land O' Lakes branded eggs. The Company markets cage-free eggs under its Farmhouse brand and distributes them throughout the southeast and southwest regions of the United States. It markets organic, wholesome, cage-free, vegetarian and omega-3 eggs under its 4-Grain brand. It also produces, markets and distributes private label specialty shell eggs to various customers. As of May 28, 2016, it had sold approximately 1,053.6 million dozen shell eggs. It had a total flock of approximately 33.9 million layers and 9.4 million pullets and breeders in the United States, as of May 28, 2016.

Shell Eggs

The Company hatches chicks; grows and maintains flocks of pullets, layers and breeders; manufactures feed, and produces, processes, packages and distributes shell eggs. Under an arrangement with a contract producer, it owns the flock, furnishes all feed and critical supplies, and owns the shell eggs produced. As of May 28, 2016, the Company owned breeder and hatchery facilities capable of producing 21.2 million pullet chicks per year in a computer-controlled environment. These pullets are distributed to over 40 laying operations around the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. The facilities produced an average of approximately 2.2 million dozen shell eggs per day, as of May 28, 2016.

Specialty Eggs

The Company produces specialty eggs, such as Egg-Land's Best, Land O' Lakes, 4Grain and Farmhouse branded eggs. The Company produces and processes Egg-Land's Best branded eggs under license from EB at its facilities. The product is marketed to its base of customers. Land O' Lakes branded eggs are produced by hens that are fed a whole grain diet, with no animal fat, and no animal by-products. Farmhouse brand eggs are produced at its facilities by cage-free hens that are provided with a diet of all grain, vegetarian feed. Its 4Grain brand consists of both caged and cage-free eggs.

Egg Products

Egg products are shell eggs broken and sold in liquid, frozen or dried form. The Company sells egg products primarily into the institutional and food service sectors in the United States. Its egg products are sold through its consolidated subsidiaries, including American Egg Products, LLC and Texas Egg Products, LLC.

Company Address

Cal-Maine Foods Inc

3320 W Woodrow Wilson Ave
JACKSON   MS   39209-3409
P: +1601.9486813
F: +1601.9690905

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