Cal-Maine shows strong net income for quarter

Net sales in the quarter ended Sept. 1 were $178.6 million, up from $115.3 million  for the first quarter of 2007.

“Our sales volumes and overall profitability were strong for the first quarter of fiscal 2008,” says Fred Adams, Jr., chairman and CEO. “We benefited from excellent egg prices during a quarter that is seasonally weak. We were pleased with our overall operating efficiency and ability to achieve favorable margins in spite of higher feed costs.” Adams adds that demand for eggs was good from both retail and food service customers in the United States, “and we also experienced strong export sales to Europe and Japan.” He continues that USDA statistics show that the overall egg supply will be moderate in the months ahead.