Q1 2021: Cal-Maine reports net loss despite increase in sales
The company reported a net loss of $19.4 million in spite of a 21.4% increase in sales from the same period of 2020.
Cal-Maine Foods reported a decline in net earnings despite an increase in sales for the first quarter of fiscal year 2021. The results for the quarter, which ended on August 29, were released on September 28.
Net sales for the first quarter of fiscal 2021 were $292.8 million, a 21.4%…