Cal-Maine Foods Reports First Quarter 2011 Results

Cal-Maine Foods, Inc. CALM today announced results for the first quarter of fiscal 2011 ended August 28, 2010. For the first quarter of fiscal 2011, net sales were $190.4 million, compared with net sales of $187.7 million for the first quarter of fiscal 2010. The Company reported net income of $4.8 million, or $0.20 per basic and diluted share, for the first quarter of fiscal 2011 compared with a net loss of $3.8 million, or $0.16 per basic and diluted share, for the year-earlier period. The financial results for the first quarter of fiscal 2011 include a business interruption insurance gain recognition of approximately $2.6 million, net of income taxes, related to fire damage sustained at the Company's Farwell, Texas, facility on July 9, 2009.