Cal-Maine Foods Reports 718% Surge in Profit Amidst Soaring Egg Prices
Cal-Maine Foods, the country's top egg producer, reported a 718% increase in quarterly profit, reaching $323 million due to higher average selling prices and favorable demand caused by bird flu. Some call for windfall profits taxes during such unusual external forces. Consumers pay the price as companies ride market trends higher without doing anything special or innovative to enhance shareholder value.