Cal-Maine Foods reports Q3 EPS $6.62, consensus $5.47

Reports Q3 revenue $997.5M, consensus $888.21M. Sherman Miller, president and chief executive officer of Cal-Maine Foods, Inc. stated, "Cal-Maine Foods delivered a solid performance for the third quarter of fiscal 2023. Our results are reflective of a dynamic market environment with higher average selling prices and favorable demand. Elevated market pricing continues, primarily due to the impact of the ongoing epidemic of highly pathogenic avian influenza ("HPAI"), which has significantly reduced the nation’s egg-laying capacity. At the same time, consumer demand for shell eggs remained robust in the third quarter, which included the peak winter holiday season. We are grateful that the Cal-Maine Foods’ team delivered more eggs to meet the needs of our customers during the quarter and continued to successfully focus on our goal of expanding our specialty egg production capacity."