Cal-Maine Foods' Profits Skyrocket as Egg Prices Surge in Q3 2023
TL;DR Summary
The largest US egg producer, Cal-Maine Foods, reported a more than 700% increase in profits due to a 60% rise in egg prices over the past year. The company's CEO attributed the price increase to a combination of factors, including increased demand and supply chain disruptions caused by the pandemic. Some in the poultry industry are trying to cut costs to offset the high prices.
- High egg prices send profits at largest US producer soaring more than 700% CNN
- Cal-Maine Foods Reports Results for Third Quarter Fiscal 2023 Yahoo Finance
- Surging egg prices send Cal-Maine's profit, shares higher Reuters
- Cal-Maine Foods profit jumps eightfold, revenue more than doubles as egg prices rise MarketWatch
- Cal-Maine Foods Q3 2023 Earnings Preview (NASDAQ:CALM) Seeking Alpha
- View Full Coverage on Google News
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