Cal-Maine Foods Reports Q3 EPS of $1.41

Cal-Maine Foods, Inc. CALM today reported results for the third quarter ended February 26, 2011. Net sales for the third quarter of fiscal 2011 were $274.7 million compared with net sales of $271.2 million for the same quarter of fiscal 2010. The Company reported net income of $33.6 million, or $1.41 per basic share, for the third quarter of fiscal 2011 compared with net income of $34.5 million, or $1.45 per basic share, for the third quarter of fiscal 2010. The results for the third quarter of fiscal 2011 include in other income a one-time cash distribution of approximately $4.8 million pre-tax, or $3.2 million or $0.13 per basic share after tax, received in exchange for the Company's non-voting stock ownership in the Eggland's Best, Inc. cooperative. The Company retains its membership in the cooperative and this transaction does not affect its existing specialty eggs marketing agreement with Eggland's Best, Inc.