Business
Cal-Maine Foods Sales Sink on Lower Egg Prices
Cal-Maine Foods CALM 0.62%increase; green up pointing triangle logged lower profit and sales in its fiscal third quarter, hurt by materially lower egg prices compared with historic levels seen in the prior year.
Still, the declines weren’t as steep as Wall Street had expected, as Cal-Maine continues to diversify its sales mix by expanding the scale and geographic reach of its egg business and investing to support the growth of our prepared foods business.
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