Cal-Maine Foods, Inc. (CALM) 2004年年度报告「NYSE」.pdf

1、C A L-M A I N E F O O D S,I N C.2 0 0 4 A N N U A L R E P O R T Color indicatesCal-Maines major market areas.Cal-Maine Foods,Inc.is primarily engaged in the production,grading,packing and sale of fresh shell eggs.TheCompany,headquartered in Jackson,Mississippi,is the largest producer and distributor

2、 of fresh shell eggs in the UnitedStates with fiscal 2004 sales of approximately 605 million dozen shell eggs,representing approximately 13%of all shell eggssold in the United States.Cal-Maine sells the majority of its shell eggs in 28 states across the southwestern,southeastern,mid-western and mid-

3、Atlantic regions of the United States.The common shares of Cal-Maine Foods,Inc.are traded on the Nasdaq National Market under the symbol CALM.CAL-MAINE FOODS,INC.CAL-MAINE LOCATIONSArkansasHopeLincolnSearcyGeorgiaGainesvilleHartwellShady DaleKansasChaseKentuckyBremenGuthrieLouisianaHammondPine Grove

4、MississippiEdwardsJackson(Corporate Offices)MendenhallNew MexicoAlbuquerqueNorth CarolinaGreenvilleLouisburgOhioRossburgUnion CityOklahomaWestvilleSouth CarolinaBethuneTennesseeClarksvilleTexasFlatoniaHarwoodIdalouKleselWaelderUtahDelta To Our Shareholders:Cal-Maine Foods reported record revenues an

5、d earnings for the fiscal year ended May 29,2004,a year characterized by very strong demand for eggs and higher-than-average egg prices.Net sales for fiscal 2004 were$572.3 million,a 47.7 percent increase over net sales of$387.5 million for fiscal 2003.The Company reported net income of$66.4 million

6、,or$2.73 per diluted share,compared with net income of$12.2 million,or$0.51 per diluted share,the previous year.The increased demand and improved pricing during fiscal 2004 reflected several factors,including medical studies highlighting eggs as a good source of protein,the popularity of low-carbohy