Cal-Maine Foods posts profit, slim rise in revenue - MSNewsNow.com - Jackson, MS

Cal-Maine Foods posts profit, slim rise in revenue

JACKSON, Miss. (AP) - Cal-Maine Foods Inc., the nation's biggest egg seller and distributor, returned to profitability in its fiscal first-quarter.

Cal-Maine said it took advantage of lower feed costs during the quarter, but cautioned that corn prices have climbed and will likely stay volatile in the coming year.

The company said that the recent U.S. egg recall related to a salmonella outbreak had a minimal effect on its quarterly performance.

The company reported that it earned $4.8 million, or 20 cents per share, for the period ended Aug. 28. That compares with a loss of $3.8 million, or 16 cents per share, a year earlier.

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