Cal-Maine Foods Q3 Earnings Call Highlights
Miller said the company’s mix shift was evident in both the quarter and year-to-date results. In the third quarter, specialty eggs accounted for 50.5% of total shell egg sales, up from 24.4% in the prior-year period. Prepared foods represented 9.5% of net sales, up from 0.8%.Beyond the quarter’s results, Miller framed Cal-Maine’s strategy as “to compound intrinsic value per share over time through thoughtful portfolio evolution, efficient operations, and prudent capital allocation.” He said management is fo ...