Cal-Maine Foods Q2 Adj EPS $0.65 Misses $0.83 Estimate, Sales $523.20M Miss $525.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cal-Maine Foods (NASDAQ:CALM) reported Q2 earnings of $0.35 per share, significantly missing the consensus estimate of $0.83 by 57.83%. Year-over-year, earnings plummeted by 91.4% from $4.07 per share. Quarterly sales were $523.20M, slightly below the estimate of $525.39M, and marked a 34.74% decrease from the previous year's $801.70M.
January 03, 2024 | 9:14 pm
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Cal-Maine Foods reported a significant miss in Q2 EPS at $0.35 vs. the $0.83 estimate and a notable year-over-year decline in earnings and sales.
The substantial miss in both earnings per share and sales compared to analyst estimates, coupled with the significant year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
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