Cal-Maine Foods Bets on Specialty Eggs, Prepared Foods as Profit, Sales Rise
The company plans to double down on prepared foods, investing $14.8 million in a high-speed pancake production line
Cal-Maine Foods is betting on specialty eggs and prepared foods to fuel growth, after both segments drove earnings and sales higher in its latest quarter.
Sales of specialty eggs, which include cage-free, organic and other premium varieties, rose 10% year-over-year in the company's fiscal first quarter, largely driven by volume gains. These higher-priced eggs yield better margins...
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