Cal-Maine Foods, Inc. is engaged in the production, grading, packaging, marketing, and distribution of shell eggs in the United States. The company has a total flock of approximately 32.4 million layers and 8.5 million pullets and breeders. The company markets its shell eggs through its extensive distribution network to a group of customers, including national and regional grocery store chains, club stores, foodservice distributors and egg product consumers. The company produces and markets value-added specialty shell eggs in the U.S. Specialty shell eggs include nutritionally enhanced, cage free, organic and brown eggs. It markets its specialty shell eggs under the following brands: Egg-Land’s Best, Land O’ Lakes, Farmhouse, and 4-Grain. The company is a member of the Egg-Land’s Best, Inc. (EB). The company markets organic, all natural, cage-free, vegetarian, and omega-3 eggs under its 4-Grain brand. The company also produces, markets, and distributes private label specialty shell eggs to various customers. During fiscal year 2014, the company completed the acquisition of its joint venture partner’s 50% interest in Delta Egg Farm, LLC. Shell Eggs The company sells its shell eggs to a group of customers, including national and local grocery store chains, club stores, foodservice distributors, and egg product consumers. It utilizes electronic ordering and invoicing systems that enable it to manage inventory for certain of its customers. Two affiliated customers, Wal-Mart Stores and Sam’s Club, on a combined basis, accounted for 28.2% of net sales dollars during fiscal 2014. The shell eggs the company sells are either delivered to its customers’ warehouse or retail stores by its own fleet or contracted refrigerated delivery trucks, or are picked up by its customers at its processing facilities. The company sells the majority of its shell eggs across the southwestern, southeastern, mid-western and mid-Atlantic regions of the U.S. Specialty Eggs: The company produces specialty eggs, such as Egg-Land’s Best, Land O’ Lakes, 4Grain, and Farmhouse branded eggs. Specialty eggs are intended to meet the demands of consumers who are sensitive to environmental, health and/or animal welfare issues. The company produces and processes Egg-Land’s Best branded eggs under license from EB at its facilities under EB guidelines. Land O’ Lakes branded eggs are produced by hens that are fed a whole grain diet, with no animal fat, and no animal by-products. Farmhouse brand eggs are produced at the company’s facilities by cage free hens that are provided with a diet of all grain, vegetarian feed. The company’s 4Grain brand consists of both caged and cage free eggs. Its hens are fed a diet of four golden grains, no animal by-products, and all vegetarian feed. As in its other flocks, these hens are provided with drinking water free of chemical additives. Egg Products: Egg products are shell eggs broken and sold in liquid, frozen, or dried form. The company sells egg products primarily into the institutional and food service sectors in the U.S. Its egg products are sold through American Egg Products, LLC located in Blackshear, Georgia and Texas Egg Products, LLC located in Waelder, Texas. Patents and Trade Names The company owns the trademarks Farmhouse, Rio Grande, Sunups, Sunny Meadow and 4Grain. It produces and markets Egg-Land's Best and Land O’ Lakes branded eggs under license agreements with EB. Seasonality Shell eggs are perishable. Consequently, the company maintains very low shell egg inventories, usually consisting of approximately four days of production. Retail sales of shell eggs are greatest during the fall and winter months and lowest during the summer months. Prices for shell eggs fluctuate in response to seasonal demand factors and a natural increase in egg production during the spring and early summer. The company generally experiences lower sales and net income in its fourth and first fiscal quarters ending in May and August, respectively. Government Regulation The company’s facilities and operations are subject to regulation by various federal, state, and local agencies, including the United States Food and Drug Administration (FDA), U.S. Department of Agriculture (USDA), Environmental Protection Agency, Occupational Safety and Health Administration and corresponding state agencies. Its shell egg facilities are subject to periodic USDA and FDA inspections. History Cal-Maine Foods, Inc. was founded in 1969. The company was incorporated in Delaware in 1969.
cal-maine foods inc (CALM:NASDAQ GS)
3320 Woodrow Wilson Avenue
Jackson, MS 39209
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