-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BY+9V60ILw7P4cw3RAbicHO2/Gewi0zw8xMEEvekf8M2mFTN8NzdK+DhPoXPfTvg uZV+jkXI9VZD2X8fcL8tsA== 0000897069-03-000889.txt : 20030813 0000897069-03-000889.hdr.sgml : 20030813 20030813171919 ACCESSION NUMBER: 0000897069-03-000889 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAL MAINE FOODS INC CENTRAL INDEX KEY: 0000016160 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - LIVESTOCK & ANIMAL SPECIALTIES [0200] IRS NUMBER: 640500378 STATE OF INCORPORATION: DE FISCAL YEAR END: 0529 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-04892 FILM NUMBER: 03842472 BUSINESS ADDRESS: STREET 1: 3320 WOODROW WILSON DRIVE CITY: JACKSON STATE: MS ZIP: 39207 BUSINESS PHONE: 6019486813 MAIL ADDRESS: STREET 1: 3320 WOODROW WILSON DR CITY: JACKSON STATE: MS ZIP: 39209 FORMER COMPANY: FORMER CONFORMED NAME: CHICKEN CHEF SYSTEMS INC DATE OF NAME CHANGE: 19710315 8-K 1 cmw102.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities and Exchange Act of 1934 Date of Report (Date of earliest event reported): July 25, 2003 ---------------------- CAL-MAINE FOODS, INC. -------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Delaware 000-04892 64-0500378 - --------------- ----------------------- ------------- (State or other (Commission File Number) (IRS Employer jurisdiction of Identification incorporation) Number) 3320 Woodrow Wilson Avenue, Jackson, MS 39207 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (601) 948-6813 -------------- Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits. The following exhibit is furnished herewith: 99.1 Press Release issued by the Registrant on July 25, 2003. Item 12. Results of Operations and Financial Condition On July 25, 2003, the Registrant issued a press release announcing its financial results for the quarter and fiscal year ended May 31, 2003. A copy of the Registrant's press release is attached as Exhibit 99.1 to this Current Report. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CAL-MAINE FOODS, INC. (Registrant) Date: August 13, 2003 By: /s/ Bobby J. Raines ------------------------------------- Bobby J. Raines Vice President, Chief Financial Officer, Treasurer and Secretary EX-99.1 3 cmw102a.txt PRESS RELEASE [GRAPHIC OMITTED] [CAL-MAINE FOODS LOGO] Exhibit 99.1 Contact: Fred Adams, Jr. Chairman and CEO (601) 948-6813 CAL-MAINE FOODS ANNOUNCES FOURTH QUARTER AND FISCAL 2003 RESULTS JACKSON, Miss. (July 25, 2003) -- Cal-Maine Foods, Inc. (Nasdaq:CALM), today announced results for its fourth quarter and fiscal year ended May 31, 2003. For the fourth quarter of fiscal 2003, net sales were $103.4 million, compared with net sales of $83.1 million for the fourth quarter a year ago. The Company reported net income of $4.3 million, or $0.36 per diluted share, compared with net loss of $1.9 million, or $0.16 per diluted share, for the fourth quarter of fiscal 2002. For the fiscal year 2003, net sales were $387.5 million compared with net sales of $326.2 million for fiscal 2002. The Company reported net income of $12.2 million, or $1.03 per diluted share, compared with a net loss of $10.6 million, or $0.90 per diluted share, in fiscal 2002. Net income for fiscal 2003 includes $6.1 million, net of taxes, or $0.51 per diluted share, for the Company's share in the settlement of claims against suppliers related to overcharges for vitamins and feed additives purchased by the Company. The net loss for 2002 included $1.2 million, net of taxes, or $0.10 per diluted share, for similar settlements received. Fred Adams, Jr., chairman and chief executive officer of Cal-Maine Foods, Inc., stated, "The improved results for the fourth quarter and the full year reflect a stronger egg market for the last few months of the fiscal year. Hen numbers and egg supply have adjusted downward creating a better balance with market demand. As we begin a new fiscal year, egg prices continue to be strong. In addition, market indicators reflect a good crop of corn and soybeans this fall, which should provide reasonable feed costs for the year ahead." Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs. The Company, which is headquartered in Jackson, Mississippi, currently is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in approximately 26 states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. -MORE- CAL-MAINE FOODS, INC. POST OFFICE BOX 2960 JACKSON, MISSISSIPPI 39207 PHONE 601-948-6813 FAX 601-969-0905 CALM Reports Year-end 2003 Results Page 2 July 25, 2003 CAL-MAINE FOODS, INC. AND SUBSIDIARIES FINANCIAL HIGHLIGHTS (Unaudited) (In thousands, except per share amounts)
13 Weeks Ended 52 Weeks Ended ------------------------- ------------------------- May 31, June 1, May 31, June 1, 2003 2002 2003 2002 ------- ------- ------- ------- Net sales $ 103,438 $ 83,057 $ 387,462 $ 326,171 Gross profit 22,059 10,294 72,293 34,404 Operating income (loss) 8,490 (1,026) 26,264 (7,928) Income (loss) before income taxes 6,734 (2,811) 19,137 (16,364) Net income (loss) $ 4,310 $ (1,864) $ 12,212 $ (10,574) Net income (loss) per common share: Basic $ 0.37 $ (0.16) $ 1.04 $ (0.90) Diluted $ 0.36 $ (0.16) $ 1.03 $ (0.90) Weighted average shares outstanding: Basic 11,764 11,764 11,764 11,792 Diluted 11,897 11,764 11,862 11,792 Book value per share outstanding at fiscal year-end $ 5.60 $ 4.63
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