Cal-Maine Foods Reports Fourth Quarter and Fiscal 2022 Results
Page 4
-MORE-
that
quarter
or
for
a
subsequent
profitable
quarter
until
the
Company
is
profitable
on
a
cumulative
basis
computed
from
the
date
of
the
most
recent
quarter
for
which
a
dividend
was
paid.
The
amount
paid
per
share
will
vary
based
on
the
number
of
outstanding
shares
on
the
record
date.
The
dividend
is
payable
on
August
16,
2022,
to
holders
of
record
on
August
1,
2022.
About us and forward-looking statements
Cal-Maine Foods, Inc.
is primarily
engaged in the
production, grading,
packing, marketing
and
distribution of fresh
shell eggs, including conventional,
cage-free, organic, brown,
free-range, pasture-
raised
and
nutritionally
enhanced
eggs.
The
Company,
which
is
headquartered
in
Ridgeland, Mississippi, is
the largest
producer and distributor
of fresh
shell eggs
in the United
States
and sells the
majority of its
shell eggs in
states across the
southwestern, southeastern,
mid-western and
mid-Atlantic regions of the United States.
Statements
contained
in
this
press
release
that
are
not
historical
facts
are
forward-looking
statements
as
that
term
is
defined
in
the
Private
Securities
Litigation
Reform
Act
of
1995.
The
forward-looking
statements
are
based
on
management’s
current
intent,
belief,
expectations,
estimates
and
projections
regarding
our
company
and
our
industry.
These
statements
are
not
guarantees of future performance and involve risks, uncertainties, assumptions and other factors that
are difficult
to predict
and may
be beyond
our control.
The factors
that could
cause actual
results to
differ materially from those projected
in the forward-looking statements include, among
others, (i) the
risk
factors
set
forth
in
the
Company’s
SEC
filings
(including
its
Annual
Reports
on
Form
10-K,
Quarterly Reports on
Form 10-Q
and Current Reports
on Form 8-K),
(ii) the risks
and hazards inherent
in the
shell egg
business (including
disease, pests,
weather conditions
and potential
for recall),
including
but not limited
to the most
recent outbreak of
highly pathogenic avian
influenza affecting poultry
in the
U.S., Canada and
other countries that
was first detected
in commercial flocks
in the U.S.
in February
2022, (iii) changes in the demand
for and market prices of shell eggs
and feed costs, (iv) our ability
to
predict and meet demand for cage-free and other specialty
eggs, (v) risks, changes or obligations that
could result
from our
future acquisition
of new
flocks or businesses
and risks
or changes
that may
cause
conditions to completing a pending
acquisition not to be met, (vi) risks
relating to the evolving COVID-
19
pandemic,
including without
limitation
increased
costs,
rising
inflation and
interest
rates,
which
generally have been exacerbated
by Russia’s invasion of
Ukraine starting in
February 2022, (vii)
our
ability
to
retain
existing
customers,
acquire
new
customers
and
grow
our
product
mix
and
(viii)
adverse
results
in
pending
litigation
matters.
SEC
filings
may
be
obtained
from
the
SEC
or
the
Company’s website
,
www.calmainefoods.com. Readers
are cautioned
not to
place undue
reliance on
forward-looking statements because, while we
believe the assumptions on
which the forward-looking
statements are based are reasonable,
there can be no
assurance that these forward-looking
statements
will prove to be accurate.
Further, the forward-looking statements
included herein are
only made as of
the respective dates thereof, or
if no date
is stated, as
of the date hereof.
Except as otherwise required
by
law,
we
disclaim
any
intent
or
obligation
to
publicly
update
these
forward-looking
statements,
whether as a result of new information, future events or otherwise.
