In fiscal 2012, we sold approximately 884.3 million dozen shell eggs, which represented approximately 19% of domestic shell egg consumption. Our total flock of approximately 26.2 million layers and 6.6 million pullets and breeders is the largest in the United States. Layers are mature female chickens, pullets are young female chickens usually under 20 weeks of age, and breeders are male or female chickens used to produce fertile eggs to be hatched for egg production flocks. We operate in a single segment. Our primary business is the production, grading, packaging, marketing and distribution of shell eggs. We sell most of our shell eggs in 29 states, primarily in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. We market our shell eggs through our extensive distribution network to a diverse group of customers, including national and regional grocery store chains, club stores, foodservice distributors and egg product manufacturers. The strength of our position is evidenced by the fact that we have the largest market share in the grocery segment for shell eggs, and we sell shell eggs to a majority of the largest food retailers in the United States.

Cal-Maine Foods is headquartered in Jackson, US

Cal-Maine Foods has an office in Jackson

Jackson, US (HQ)

3320 W Woodrow Wilson Ave

Cal-Maine Foods's revenue was reported to be $306.5 m in Q3, 2017

USD

## Revenue (Q3, 2017) | 306.5 m |

## Gross profit (Q3, 2017) | 39.2 m |

## Gross profit margin (Q3, 2017), % | 13% |

## EBIT (Q3, 2017) | (4.6 m) |

## Market capitalization (25-Jul-2017) | 1.8 b |

## Cash (25-Feb-2017) | 31.9 m |

Cal-Maine Foods's current market capitalization is $1.8 b.

USD | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|

## Revenue | 1.4 b | 1.6 b | 1.9 b | |||

## Revenue growth, % | 9% | 21% | ||||

## Cost of goods sold | 757.1 m | 911.3 m | 1.1 b | 1.1 b | 1.2 b | 1.3 b |

## Gross profit | 302.8 m | 395.7 m | 648.1 m | |||

## Gross profit Margin, % | 21% | 25% | 34% | |||

## General and administrative expense | 177.8 m | |||||

## Operating expense total | 177.8 m | |||||

## EBIT | 142.5 m | 232.7 m | 465.3 m | |||

## EBIT margin, % | 10% | 15% | 24% | |||

## Interest expense | 6.9 m | 5 m | 4.5 m | 3.8 m | 2.3 m | 1.2 m |

## Interest income | 1.8 m | 4.3 m | ||||

## Income tax expense | 33.4 m | 49.1 m | 24.8 m | 52 m | 84.3 m | 169.2 m |

## Net Income | 109.8 m | 162.3 m | 318 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 356.9 m | 378.6 m | 437.6 m | 609.9 m | 546 m | 449.8 m | 239.8 m | 253.5 m | 306.5 m |

## Cost of goods sold | 275.8 m | 285.9 m | 325 m | 346.8 m | 334.4 m | 317 m | 249.4 m | 249.6 m | 267.4 m |

## Gross profit | 81.1 m | 92.7 m | 112.5 m | 263.1 m | 211.6 m | 132.7 m | (9.6 m) | 3.9 m | 39.2 m |

## Gross profit Margin, % | 23% | 24% | 26% | 43% | 39% | 30% | (4%) | 2% | 13% |

## General and administrative expense | 43 m | ||||||||

## Operating expense total | 43 m | ||||||||

## EBIT | 41.2 m | 55.6 m | 72 m | 220.1 m | 166.2 m | 85.8 m | (49.8 m) | (38 m) | (4.6 m) |

## EBIT margin, % | 12% | 15% | 16% | 36% | 30% | 19% | (21%) | (15%) | (1%) |

## Interest expense | (534 k) | (477 k) | (351 k) | 616 k | 1.4 m | ||||

## Interest income | 27 k | 616 k | 1.4 m | ||||||

## Income tax expense | 14.6 m | 19.6 m | 26.1 m | 76.6 m | 58.1 m | 33.2 m | (17.6 m) | (13.8 m) | 34 k |

USD | FY, 2010^{} | FY, 2011^{} | FY, 2012^{} | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|---|---|---|

## Cash | 99.5 m | 57.7 m | 97.1 m | 25 m | 14.5 m | 8.7 m | 29 m |

## Inventories | 146.1 m | 146.3 m | 154.8 m | ||||

## Current Assets | 445.4 m | 509 m | 626.3 m | ||||

## PP&E | 314.9 m | 358.8 m | 392.3 m | ||||

## Goodwill | 29.2 m | 29.2 m | 29.2 m | ||||

## Total Assets | 811.7 m | 928.7 m | 1.1 b | ||||

## Accounts Payable | 39 m | 44.7 m | 36.3 m | ||||

## Current Liabilities | 121.1 m | 131.9 m | 83.5 m | ||||

## Additional Paid-in Capital | 40.5 m | 43.3 m | 46.4 m | ||||

## Retained Earnings | 572.9 m | 680 m | 890.4 m | ||||

## Total Equity | 594.7 m | 704.6 m | 917.4 m | ||||

## Financial Leverage | 1.4 x | 1.3 x | 1.2 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 14.6 m | 9.9 m | 13 m | 69.4 m | 15 m | 8.1 m | 37.6 m | 17.5 m | 31.9 m |

## Inventories | 144.6 m | 146.5 m | 146.2 m | 148.6 m | 158.1 m | 154.2 m | 154.6 m | 162.3 m | 163.8 m |

## Current Assets | 449.6 m | 470.8 m | 493.8 m | 693.7 m | 739.5 m | 654.3 m | 574 m | 484.7 m | 484.8 m |

## PP&E | 326.4 m | 339.2 m | 348.8 m | 363.7 m | 372.2 m | 382.3 m | 404.8 m | 448.5 m | 461.4 m |

## Goodwill | 29.2 m | 29.2 m | 29.2 m | 29.2 m | 29.2 m | 29.2 m | 29.2 m | 32.5 m | 35.4 m |

## Total Assets | 829.4 m | 868.6 m | 900.7 m | 1.1 b | 1.2 b | 1.1 b | 1.1 b | 1.1 b | 1.1 b |

## Accounts Payable | 73.2 m | 87.9 m | 76.9 m | 86.9 m | 85.6 m | 70.3 m | 59.2 m | 67 m | 77.1 m |

## Current Liabilities | 122.9 m | 140.7 m | 135.9 m | 249.6 m | 244.7 m | 127.6 m | 75.1 m | 82.5 m | 92.6 m |

## Additional Paid-in Capital | 41 m | 41.6 m | 42.1 m | 44.1 m | 44.8 m | 45.5 m | 47.3 m | 48.1 m | 49 m |

## Retained Earnings | 591.3 m | 615.3 m | 649.2 m | 775.3 m | 848.1 m | 890.8 m | 859.5 m | 836.6 m | 840.5 m |

## Total Equity | 613.8 m | 638.7 m | 672.9 m | 801.5 m | 875.1 m | 916 m | 887.4 m | 864.9 m | 868.4 m |

## Financial Leverage | 1.4 x | 1.4 x | 1.3 x | 1.4 x | 1.4 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | 109.8 m | ||

## Depreciation and Amortization | 37.2 m | 40.7 m | 44.6 m |

## Cash From Operating Activities | 123.9 m | 195.3 m | 381.8 m |

## Purchases of PP&E | (59.2 m) | (82.3 m) | (76.1 m) |

## Cash From Investing Activities | (99.4 m) | (141.6 m) | (212.5 m) |

## Long-term Borrowings | (10.7 m) | (10.2 m) | (25.3 m) |

## Cash From Financing Activities | (35 m) | (59.6 m) | (148.9 m) |

## Interest Paid | 3.2 m | 2.3 m | 1.1 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Inventories | 144.6 m | 146.5 m | 146.2 m | 148.6 m | 158.1 m | 154.2 m | 154.6 m | 162.3 m | 163.8 m |

## Accounts Payable | 73.2 m | 87.9 m | 76.9 m | 86.9 m | 85.6 m | 70.3 m | 59.2 m | 67 m | 77.1 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 93.5 k |

## Financial Leverage | 1.2 x |