CAL-MAINE FOODS INC
For the period ended Mar 2, 2024. Filed Apr 2, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 2, 2024 · Filed Apr 2, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2023-12-02; filed 2024-01-03.
0001562762-24-000004
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2024-03-02; filed 2024-04-02.
0001562762-24-000077
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 2821 previous paragraphs and 2859 current paragraphs.
2015 unchanged; 23 reworded; 819 added; 782 removed; 1 previous and 2 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (819)
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pathogenic avian
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influenza (“HPAI”)
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outbreak, potential
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future impact
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on our business
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of inflation
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and changing
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interest rates,
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customers, acquire new customers
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and grow our product
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mix, (viii) adverse results
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in pending litigation matters,
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and (ix) global
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war
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Ukraine,
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Israel-Hamas
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conflict
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attacks
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shipping
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Red
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Sea.
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Readers are cautioned
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not to place undue
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reliance on forward-looking
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statements because, while
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we believe the assumptions
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there can be no assurance that these forward-looking
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will prove to
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be accurate. Further,
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forward-looking statements included
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herein are only
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made as of the
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respective dates thereof,
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or if no date
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is stated, as of the
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date hereof. Except as
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otherwise required by
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law, we
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disclaim any intent or
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obligation to update
Showing the first 40 of 819 passages. Open the source sections for the rest.
Removed paragraphs (782)
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pathogenic
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avian
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influenza
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outbreak,
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inflation
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rising
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rates,
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the amounts
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and other
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regarding
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customers,
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acquire
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grow
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(viii)
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adverse
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matters,
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(ix)
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global
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including as
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a result of
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the wars in
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Ukraine and
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Israel and
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attacks on shipping
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in the Red
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Sea, and (x)
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any potential
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resurgence of
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COVID-19. Readers
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are cautioned
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not to place
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undue reliance
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on forward-looking
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statements because,
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while we
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believe the assumptions on
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which the forward-looking
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there can be no
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assurance that these
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forward-looking statements
Showing the first 40 of 782 passages. Open the source sections for the rest.
Reworded paragraphs (23)
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statements are based are reasonable,
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which the forward-looking statements are based are reasonable,
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we do not sell the majority of our eggs in these ten states, these state laws have impacted
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sell the majority of our eggs in these ten states, these state laws have impacted egg production
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30.4% of our total net shell
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27.9% of our total net shell
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egg revenue for the second
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egg revenue for the third quarter of fiscal year
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At the same time, we understand
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At the same time, we understand the importance
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the importance of our continued ability
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of our continued ability to
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2023 primarily due to reduced
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to fiscal 2023 primarily due to
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is 2.6% below the five-year average.
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the five-year average of the monthly
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see Part I Item I of our 2023 Annual Report.
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prices, see Part I Item I of our 2023
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million decrease in net sales.
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$293.3 million decrease in net sales, partially offset
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which resulted in a $12.9 million increase in net sales.
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resulted in a $17.7 million increase in net sales.
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of conventional eggs sold, which resulted in a $16.6 million increase in net
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conventional eggs sold, which resulted in a $33.2 million increase in net sales.
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quarter of fiscal 2023 as the supply of shell eggs used to produce egg products
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as the supply of shell eggs used to produce egg products increased.
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the first twenty-six weeks of fiscal 2023, which had a $20.6 million negative
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the first thirty-nine weeks of fiscal 2023, which had a $35.3 million
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fiscal 2023. Costs of sales for the year-to-date period were $846.0
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Costs of sales for the year-to-date period were $1.3 billion
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incurred during the growing phase of the flocks.
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the growing phase of the flocks.
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in a decrease in cost of sales of $52.1 million compared to the prior year period.
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decrease in cost of sales of $87.6 million compared to the prior year period
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in a reduction in franchise fees to Eggland’s
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reduction in franchise fees paid to Eggland’s
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offset by the reduction in franchise fees to Eggland’s
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partially offset by the reduction in franchise fees paid to Eggland’s
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per basic and $4.07 per diluted common share for the same period of fiscal
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$6.64 per basic and $6.62 per diluted common share for the same period of
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per basic and $6.63 per diluted common share, for the same period of fiscal 2023.
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or $13.31 per basic and $13.25 per diluted common share, for the same
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with 6.2 at June 3, 2023. The current ratio is calculated by dividing current
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3, 2023. The current ratio is calculated by dividing current assets by current
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Credit Facility included in our 2023
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Facility included in our 2023 Annual Report for further information
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
year period as the supply of shell eggs used to produce egg products increased.
Current report — wording carried from elsewhere
in a decrease in cost of sales of $35.0 million for
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
of the Notes to Condensed Consolidated Financial Statements included