How Did Cal-Maine Foods Perform in Fiscal 4Q16?

Price movement 

Cal-Maine Foods (CALM) has a market cap of $2.2 billion. It rose by 0.07% to close at $44.18 per share on July 18, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -3.3%, 7.3%, and -2.3%, respectively, on the same day. CALM is trading 1.6% above its 20-day moving average, 1.1% below its 50-day moving average, and 10.5% below its 200-day moving average.

How Did Cal-Maine Foods Perform in Fiscal 4Q16?

Related ETFs and peers

The Vanguard Small-Cap ETF (VB) invests 0.04% of its holdings in Cal-Maine Foods. The ETF tracks the CRSP US Small Cap Index. The market-cap-weighted index includes the bottom 2%–15% of the investable universe. The YTD price movement of VB was 9.2% on July 18.

The Vanguard Consumer Staples ETF (VDC) invests 0.17% of its holdings in Cal-Maine Foods. The ETF tracks a market-cap-weighted index of stocks in the Consumer Staples sector of the US market.

The market caps of Cal-Maine Foods’ competitors are as follows:

  • Pilgrim’s Pride Corporation (PPC): $6.4 billion
  • Industrias Bachoco S.A.B. de C.V.-ADR (IBA): $2.7 billion

Performance of Cal-Maine Foods in fiscal 4Q16 and 2016

Cal-Maine Foods reported fiscal 4Q16 net sales of $303.0 million, a fall of 24.8% compared to net sales of $403.0 million in fiscal 4Q15. A dozen eggs sold and produced fell by 4.5% and 1.4%, respectively, in fiscal 4Q16 compared to the prior year period.

Its net income and EPS (earnings per share) fell to -$0.376 million and -$0.01, respectively, in fiscal 4Q16 compared to $46.1 million and $0.95, respectively, in fiscal 4Q15.

Fiscal 2016 results

In fiscal 2016, CALM reported net sales of $1,908.7 million, a rise of 21.1% YoY (year-over-year). A dozen eggs sold fell by 0.89% and a dozen eggs produced rose by 2.6%, respectively, in fiscal 2016. The company’s gross profit margin and operating income rose by 35.2% and 99.9%, respectively, in fiscal 2016.

Its net income and EPS rose to $316.0 million and $6.53, respectively, in fiscal 2016 compared to $161.3 million and $3.33, respectively, in fiscal 2015.

CALM’s cash and short-term investments and inventories rose by 50.6% and 5.8%, respectively, in fiscal 2016 YoY. Its current ratio rose to 7.5x, and its debt-to-equity ratio fell to 0.21x in fiscal 2016 compared to a current ratio and a debt-to-equity ratio of 5.0x and 0.32x, respectively, in fiscal 2015.

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