Cal-Maine Foods, Inc. Reports Fourth Quarter and Fiscal 2009 Results.JACKSON Jackson. 1 City (1990 pop. 37,446), seat of Jackson co., S Mich., on the Grand River; inc. 1857. It is an industrial and commercial center in a farm region. , Miss. -- Cal-Maine Foods, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CALM) today announced financial results for the fourth quarter and fiscal year ended May 30, 2009. For the fourth quarter of fiscal 2009, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were $213.6 million compared with net sales of $235.6 million for the fourth quarter a year ago. The Company reported net earnings of $10.3 million, or $0.43 per basic share, for the fourth quarter of fiscal 2009 compared with net earnings of $36.6 million, or $1.54 per basic share, for the same period last year. For the fiscal year 2009, net sales were $928.8 million compared with net sales of $915.9 million for fiscal 2008. The Company reported net income of $79.5 million, or $3.34 per basic share, for fiscal 2009 compared with net income of $151.9 million, or $6.41 per basic share, in fiscal 2008. Fred Adams Fred Adams is an American astrophysicist who has made contributions to the study of physical cosmology. Biography Fred Adams is professor of physics at the University of Michigan, where his main field of research is astrophysics theory focusing on star formation, , Jr., chairman and chief executive officer of Cal-Maine Foods, Inc., stated, "Our overall results for the fourth quarter of fiscal 2009 were good. These results reflect lower egg prices than a year ago. Our feed costs for the quarter were also lower compared with the same period last year, however they were still high by historical standards. Sales of eggs at the retail level have been very strong with food service and restaurant volume continuing to lag, reflecting the current economic environment. "For the year ahead, we expect to see good demand. We also look for feed costs to remain relatively high and volatile. Our management team is performing well," Adams added. For the fourth quarter of fiscal 2009, Cal-Maine will pay a cash dividend of approximately $0.144 per share to holders of its common and Class A common stock. The amount paid could vary slightly based on the amount of outstanding shares on the record date. The dividend is payable August 13, 2009, to shareholders of record on July 29, 2009. Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs. The Company, which is headquartered in Jackson, Mississippi Jackson is the capital and the most populous city of the U.S. State of Mississippi. It is one of the county seats of Hinds County; Raymond is the other county seat. As of the 2000 census Jackson's population was 184,256. , currently is the largest producer and distributor of fresh shell eggs in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and sells the majority of its shell eggs in approximately 29 states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. Statements contained in this press release that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties (contained in the Company's SEC filings) that could cause actual results to differ materially from those projected. SEC filings may be obtained from the SEC or by contacting the Company. [TABLE OMITTED] [TABLE OMITTED] |
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