By: Benzinga
UPDATE: Cal-Maine FQ1 Profit Drops 7%
Cal-Maine Foods (NASDAQ: CALM ) reported a 7% drop in its fiscal first-quarter earnings. Cal-Maine's quarterly profit fell to $8.8 million, or $0.36 per share, from $9.4 million, or $0.39 per share, in the year-ago period. Its sales rose 17% to $319.5 million, while gross margin shrank to 14.1% from
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