Cal-Maine (NASDAQ: CALM) recently wrapped up its fiscal year and should report within the next few weeks. The egg company had a tough year, and so have shareholders. Operations are pretty straightforward and boil down to two things: egg prices and Cal-Maine’s production costs. Here are items shareholders should be on the lookout for.
Egg prices are at depressed levels, sitting at multidecade lows. That has a direct and very painful impact on egg producers, Cal-Maine included. Revenue and profit have taken a sharp turn for the worse.