CAL-MAINE FOODS INC
For the period ended Aug 31, 2024. Filed Oct 1, 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.
Aug 31, 2024 · Filed Oct 1, 2024
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious 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 OperationsCurrent report: 10-Q
Period ended 2024-08-31; filed 2024-10-01.
0001562762-24-000230
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 2859 previous paragraphs and 2647 current paragraphs.
1651 unchanged; 24 reworded; 970 added; 1181 removed; 3 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 (970)
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The following
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impact on our business of the resurgence in United States (“U.S.”)
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impact on
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our business
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impact on
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our business
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of legal
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proceedings, including
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accruals
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and factors that
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may result in changes
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in the amounts recorded,
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and other projected operating
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data, including anticipated results
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and financial
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condition. Such
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statements are
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identified by
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the use
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of words
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such as
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“believes,”
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“intends,”
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“expects,”
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“should,”
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“plans,”
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“contemplates,”
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similar words.
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materially
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projected
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on management’s
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regarding
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and its
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These statements
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are not
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guarantees of
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future performance
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and involve
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risks, uncertainties,
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assumptions, and
Showing the first 40 of 970 passages. Open the source sections for the rest.
Removed paragraphs (1181)
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potential future
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resurgence
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United
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flocks
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pathogenic avian
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outbreak, potential
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future impact
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on our business
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potential future
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impact on our
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business of new
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of legal proceedings
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accruals and
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that may
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operating data,
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including anticipated results
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of operations and
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financial condition. Such
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forward-looking statements are
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identified by the use
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words such
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as “believes,”
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“intends,” “expects,”
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“should,” “plans,”
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“projected,” “contemplates,”
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similar
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words.
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guarantees
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risks,
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uncertainties, assumptions,
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and other factors
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that are difficult
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to predict
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and may be
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beyond our
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control. The
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factors that
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cause actual
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results to
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statements include,
Showing the first 40 of 1181 passages. Open the source sections for the rest.
Reworded paragraphs (24)
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in the commercial table egg layer
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commercial table egg layer flocks of highly pathogenic avian
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on Form 10-Q and Current
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Form 10-Q and
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Reports on Form 8-K), (ii)
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Form 8-K), (ii)
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publicly these forward-looking statements, whether because of
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looking statements, whether because of new information, future events,
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27.9% of our total net shell
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25.6% of our total net shell
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quarters of fiscal 2024 compared to the prior year period.
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quarters of fiscal
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about historical shell egg prices, see Part I Item I of
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more information about historical shell egg prices, see Part I Item I of our 2024 Annual
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Net shell egg sales as a
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Net shell egg sales as a percent of total net sales
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as the supply of shell eggs used to produce egg products increased.
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fiscal 2024, as the supply of shell eggs used to produce egg products was lower due
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Farm production costs (per
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Farm production costs (per dozen produced)
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2024 compared to the prior period quarter.
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compared to the prior period quarter.
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expense, royalty income, equity income or loss of unconsolidated
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expense, equity in income or loss of unconsolidated
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entities, and patronage income, among other items.
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entities, and patronage income, among other items. Patronage
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Less: Loss attributable to noncontrolling
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or loss attributable to noncontrolling interest.
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$6.64 per basic and $6.62 per diluted common share for the same period of
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$0.02 per basic and diluted common share, for the same period of fiscal
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The calculation of working
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The calculation of working capital is defined
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3, 2023. The current ratio is calculated by dividing current assets by current
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current ratio is calculated by dividing current assets by current liabilities.
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Sales and maturities of investment securities
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million during the period. Sales and maturities of investment
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reflecting progress on our construction projects.
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progress on our construction projects.
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Facility included in our 2023 Annual Report for further information
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Credit Facility included in our 2024
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payable on May 16, 2024 to holders of record on May 1, 2024.
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dividend is payable on November 14, 2024 to holders of record on October 30,
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projects approved as of March 2, 2024 (in thousands):
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material construction projects approved as of August 31, 2024 (in
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current cash balances, investments, cash flows from operations, and Credit Facility will be sufficient
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current cash balances, investments, projected cash flows from operations, and available
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current cash needs for at least the next 12 months.
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cash needs for at least the next 12 months and to fund our
Rearranged current paragraphs (2)
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Egg purchases and other (including change in inventory)
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of the Notes to Condensed Consolidated Financial Statements included in this Quarterly
Rearranged previous paragraphs (3)
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new information, future events, or otherwise.
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prices, see Part I Item I of our 2023
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year period as the supply of shell eggs used to produce egg products increased.