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Cal-Maine Foods, Inc Announces $40 1 Million Capital Project to Expand Cage-Free Production in Kentucky

Want to Invest in a Value Stock? Consider Buying Shares of This Food Producer

Jan 9, 2021 at 1:37PM By just about any traditional metric, the U.S. stock market is very frothy. As long as investors are willing to pay up big for stocks, so-called growth stocks could keep rising. However, when the momentum music stops, you probably don t want to be holding all growth stocks with nosebleed valuations. Even if you favor growth stocks, adding some value stocks could help balance your portfolio. One value stock worth at least putting on your watch list is that of consumer staple company Cal-Maine Foods (NASDAQ:CALM), the largest producer and distributor of fresh shell eggs in the U.S.

Cal-Maine Foods reports Q2 results

Jan 08, 2021 Cal-Maine Foods Inc. reported this week results for its second quarter of fiscal 2021 and twenty-six-week period ended November 28, 2020. Net sales for the second quarter of fiscal 2021 were $347.3 million, an 11.5% increase compared to $311.5 million for the second quarter of fiscal 2020. The company reported net income of $12.2 million, or $0.25 per basic and diluted share, for the second quarter of fiscal 2021, compared to a net loss of $10.1 million, or $0.21 per basic and diluted share, for the second quarter of fiscal 2020. For the twenty-six weeks ended November 28, 2020, net sales were $640.1 million compared to $552.7 million for the prior-year period. The company reported net loss of $7.2 million, or $0.15 per basic and diluted share, for the twenty-six weeks ended November 28, 2020, compared to a net loss of $55.8 million, or $1.15 per basic and diluted share for the prior-year period.

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