Cal-Maine Foods, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Sherman L. Miller
- Full Time Employees
- 4,836
- Sector
- Consumer Defensive
- Industry
- Agricultural Farm Products
- Address
- 1052 Highland Colony Parkway Ridgeland MS United States of America 39157
- IPO Date
- Dec 12, 1996
- CIK
- 0000016160
- Website
- calmainefoods.com
- Similar Companies
- Business
- Cal-Maine Foods, Inc. is the largest producer and distributor of fresh shell eggs in the United States, operating primarily within the southwestern, southeastern, mid-western, and mid-Atlantic regions. Founded in 1957 and headquartered in Ridgeland, Mississippi, the company engages in the production, grading, packaging, marketing, and distribution of a diverse range of egg products. Its product portfolio includes conventional eggs, nutritionally enhanced eggs, cage-free eggs, organic eggs, free-range eggs, pasture-raised eggs, brown eggs, and specialty egg products under prominent brands such as Egg-Land's Best, Land O' Lakes, Farmhouse, and 4-Grain. Cal-Maine Foods markets its products to grocery-store chains, club stores, independent supermarkets, and foodservice distributors across the United States. In the past 1-2 years, Cal-Maine Foods has significantly expanded and diversified its operations through multiple acquisitions and strategic alliances. Key recent changes include acquiring Hillandale Farms' operations and the egg production assets of Tampa Farm Service and Zephyr Egg Company, collectively increasing its production capacity by tens of millions of laying hens. The company has also acquired Echo Lake Foods, a leading provider of ready-to-eat egg products and breakfast foods, enhancing Cal-Maine's footprint in the value-added egg segment. Additionally, Cal-Maine fully acquired the remaining interest in its Red River Valley Egg Farm joint venture in Texas and completed a strategic investment in MeadowCreek Foods to focus on hard-cooked egg products. A joint venture with Crepini LLC, specializing in egg wraps, protein pancakes, and crepes, was formed to broaden the prepared foods category. More recently, the acquisition of ISE America Inc. brought Cal-Maine into new markets in Maryland, New Jersey, Delaware, and South Carolina. These strategic moves have propelled the company to sell over 1.3 billion dozen eggs annually, with approximately 48 million laying hens under its management and annual net sales around $4.3 billion. Cal-Maine Foods operates in the agricultural and food production industry with a focus on the egg and egg-based products market. It caters to various customer segments including retail grocery, club stores, foodservice distributors, and quick-service restaurants. The company maintains a commitment to product innovation, quality control, and customer value, continuously adapting to evolving consumer preferences for specialty and prepared egg products. This integrated approach, combining traditional shell egg production with expanded value-added products and geographic reach, positions Cal-Maine Foods as a dominant and diversified leader in its industry.
Company News
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