Cal-Maine Foods, Inc. (CALM) 1998年年度报告「NYSE」.pdf

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1、Cal-Maine Foods,Inc.1998ANNUAL REPORTcamCvr 9/16/98 9:30 AM Page 2C o m p a n y P r o f i l eCal-Maine Foods,Inc.is engaged in the production,cleaning,grading,packing and sale of fresh shelleggs.The Company currently is the nations largest producer and distributor of fresh shell eggs,with fiscal 199

2、8 sales of approximately 425 million dozen shell eggs,representing approximately10%of all shell eggs sold in the United States.Cal-Maine primarily markets its shell eggs in 26 states,chiefly in the southwestern,southeastern,midwestern and mid-Atlantic regions of the UnitedStates.The common shares of

3、 Cal-Maine Foods,Inc.are traded on the Nasdaq National Market under thesymbol CALM.Yellow states indicate Cal-Maines major market areas.AlabamaAshlandArkansasHopeLincolnGeorgiaGainesvilleHartwellShady DaleKansasBuhlerChaseKentuckyBremenLouisianaGreensburgHammondMississippiEdwardsJackson(Corporate Of

4、fices)MendenhallMissouriBonne TerreNew MexicoAlbuquerqueNorth CarolinaAlbemarleGreenvilleLouisburgOhioRossburgOklahomaWestvilleSouth CarolinaBethuneTexasIdalouKellerLagrangeWaelderUtahDelta(under construction)C A L-M A I N E L O C A T I O N ScamCvr 9/16/98 9:30 AM Page 3Fiscal 1998 was a good year f

5、or Cal-Maine Foods.Weachieved improved efficiency during the year and ourmanagement team continued to perform well.Our bottom line results were affected by lower eggprices,which were down 9 percent on average fromthe prior year due to increased egg supplies and areduction in export sales particularl

6、y to Japan,HongKong and the Middle East.For the year ended May 30,1998,the Company had net sales of$309.1 millionand net income of$5.4 million,or$.41 per basic com-mon share,compared with net sales of$292.5 millionand net income of$14.8 million,or$1.21 per basiccommon share,in fiscal 1997.In spite o