Benzinga | Sep 28, 2020 07:45AM EDT

Cal-Maine Foods: Q1 Earnings Insights

Shares of Cal-Maine Foods (NASDAQ:CALM) rose 3% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 57.45% year over year to ($0.40), which beat the estimate of ($0.53).

Revenue of $292,782,000 higher by 21.40% from the same period last year, which beat the estimate of $284,080,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

Company's 52-week high was at $46.66

52-week low: $30.74

Price action over last quarter: down 11.50%

Company Description

Cal-Maine Foods Inc produces and sells shell eggs. Its main market is United States. The company's product portfolio contains nutritionally enhanced, cage-free, organic, and brown eggs. Cal-Maine Foods markets the shell eggs to a diverse group of customers, including grocery-store chains, club stores, and foodservice distributors. The company's brands are: Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain.