Cal-Maine Foods Q2 2025 Filing Released

TL;DR

**CAL-MAINE FOODS (CALM) Q2 2025 FILING OUT - CHECK FINANCIALS NOW**

AI Summary

Cal-Maine Foods Inc. reported its second-quarter results for the period ending November 30, 2024. The company's financial performance for this quarter is detailed in the filing, which includes balance sheet information and other relevant financial data. Specific dollar amounts and dates for this reporting period are available within the full document.

Why It Matters

This filing provides investors with the latest financial snapshot of Cal-Maine Foods, crucial for understanding the company's operational performance and financial health.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Numbers

• N/A — Revenue (Specific revenue figures are not provided in this header-level data.)
• N/A — Net Income (Specific net income figures are not provided in this header-level data.)
• N/A — Earnings Per Share (Specific EPS figures are not provided in this header-level data.)

Key Players & Entities

• CAL-MAINE FOODS INC (company) — Filer
• 20241130 (date) — Period of Report
• 20250107 (date) — Filing Date

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share CALM The NASDAQ

Filing Documents

• calm-20241130.htm (10-Q) — 1512KB
• exhibit311.htm (EX-31.1) — 12KB
• exhibit312.htm (EX-31.2) — 12KB
• exhibit32.htm (EX-32) — 8KB
• 0001562762-25-000004.txt ( ) — 7263KB
• calm-20241130.xsd (EX-101.SCH) — 39KB
• calm-20241130_cal.xml (EX-101.CAL) — 55KB
• calm-20241130_def.xml (EX-101.DEF) — 166KB
• calm-20241130_lab.xml (EX-101.LAB) — 514KB
• calm-20241130_pre.xml (EX-101.PRE) — 282KB
• calm-20241130_htm.xml (XML) — 1568KB

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets - November 30, 2024 and June 1, 2024 3 Condensed Consolidated Statements of Income - Thirteen and Twenty-six Weeks Ended November 30, 2024 and December 2, 2023 4 Condensed Consolidated Statements of Comprehensive Income - Thirteen and Twenty-six Weeks Ended November 30, 2024 and December 2, 2023 5 Condensed Consolidated Statements of Cash Flows - Thirteen and Twenty-six Weeks Ended November 30, 2024 and December 2, 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of

Management's Discussion and Analysis of Financial Condition and Results of Operations 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 29 Part II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 30 Item 1A.

Risk Factors

Risk Factors 30 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 6. Exhibits 30

Signatures

Signatures 31 Index 3 PART I. FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS Cal-Maine Foods, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except for par value amounts) (Unaudited) November 30, 2024 June 1, 2024 Assets Current assets: Cash and cash equivalents $ 140,296 $ 237,878 Investment securities available-for-sale 656,887 574,499 Trade and other receivables, net 307,292 151,983 Income tax receivable 10,459 10,459 Inventories 299,365 261,782 Prepaid expenses and other current assets 10,296 5,238 Total current assets 1,424,595 1,241,839 Property, plant & equipment, net 975,603 857,234 Investments in unconsolidated entities 11,043 11,195 Goodwill 45,776 45,776 Intangible assets, net 16,210 15,996 Other long-term assets 16,872 12,721 Total Assets $ 2,490,099 $ 2,184,761 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 116,835 $ 75,862 Accrued wages and benefits 28,519 32,971 Accrued income taxes payable 20,787 43,348 Dividends payable 73,013 37,760 Accrued expenses and other liabilities 21,597 37,802 Total current liabilities 260,751 227,743 Other noncurrent liabilities 48,548 17,109 Deferred income taxes, net 129,317 142,866 Total liabilities 438,616 387,718 Commitments and contingencies - see Note 10 — — Stockholders' equity: Common stock ($ 0.01 par value): Common stock - authorized 120,000 shares, issued 70,261 shares 703 703 Class A convertible common stock - authorized and issued 4,800 shares 48 48 Paid-in capital 78,600 76,371 Retained earnings 1,998,585 1,756,395 Accumulated other comprehensive loss, net of tax ( 908 ) ( 1,773 ) Common stock in treasury at cost – 26,026 shares at November 30, 2024 and 26,022 shares at June 1, 2024 ( 31,661 ) ( 31,597 ) Total Cal-Maine Foods, Inc. stockholders' equity 2,045,367 1,800,147 Noncontrolling interest in consolidated entity 6,116 ( 3,104 ) Total stockholders' equity 2,051,483 1,797,043 Tota

business

business meeting certain return on profitability milestones over a three-year period, commencing on the date of the acquisition in the second quarter of fiscal 2024. The fair value of the contingent consideration is estimated using a discounted cash flow model. Key assumptions and unobservable inputs that require significant judgement used in the estimate include weighted average cost of capital, egg prices, projected revenue and expenses over which the contingent considered is measured, and the probability assessments with respect to the likelihood of achieving the forecasted projections. The following table shows the beginning and ending balances in fair value of the contingent consideration: Fassio Contingent Consideration Balance, June 1, 2024 $ 6,500 Fair value adjustments 6,500 Balance, November 30, 2024 $ 13,000 Index 12 Adjustments to the fair value of contingent consideration are recorded within selling, general and administrative expenses in the condensed consolidated statements of income. Note 5 - Inventories Inventories consisted of the following as of November 30, 2024 and June 1, 2024 (in thousands): November 30, 2024 June 1, 2024 Flocks, net of amortization $ 166,634 $ 149,985 Eggs and egg products 34,182 25,217 Feed and supplies 98,549 86,580 $ 299,365 $ 261,782 We grow and maintain flocks of layers (mature female chickens), pullets (female chickens, under 18 weeks of age), and breeders (male and female chickens used to produce fertile eggs to hatch for egg production flocks). Our total flock at November 30, 2024 and June 1, 2024 consisted of approximately 12.0 million and 11.8 million pullets and breeders and 48.1 million and 39.9 million layers, respectively. Note 6 - Equity The following reflects equity activity for the thirteen weeks ended November 30, 2024 and December 2, 2023 (in th

View Full Filing

View this 10-Q filing on SEC EDGAR