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Holiday demand contributes to high egg sales

by 5m Editor
29 December 2005, at 12:00am

U~S - Egg producer Cal-Maine Foods Inc. said strong demand in the three weeks leading up to Thanksgiving helped revenue increase 52 percent over the same quarter a year ago and reduce its net loss. The Jackson, Miss.-based company, which has a feed mill operation in Clarksville north of Nashville, posted a net loss of $685,000, or 3 cents a share, for the quarter ended Nov. 26, compared to net loss of $5.3 million, or 23 cents per share, a year earlier. Net sales for the first six months of fiscal 2006 were $218 million, compared with net sales of $192.7 million for the year-ago period. The company reported a net loss of $8.8 million for the first half of fiscal 2006, compared with a net loss of $6.2 million for the 2005 period. Cal-Maine Foods (NASDAQ.NM: CALM) Chairman and CEO Fred Adams Jr. said in a statement that egg demand, sales volume and prices started slow in the quarter but finished strong. &quot;Following Thanksgiving and continuing until Christmas, egg demand has been excellent, resulting in higher egg prices,&quot; he said. &quot;Cold, snowy weather in much of the country added to strong seasonal holiday demand.&quot; <i>Source: Memphis Business Journal</i>

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