🔹 Revenue: $769.5M (Est. $814.2M) 🔴; DOWN -19.4% YoY
🔹 EPS: $2.13 (Est. $2.08) 🟢; DOWN -52.3% YoY
Segment sales:
🔹 Shell eggs: $649.6M; DOWN -28.1% YoY
🔹 Conventional eggs: $363.9M; DOWN -41.0% YoY
🔹 Specialty eggs: $285.7M; DOWN -0.4% YoY; volume slightly UP +0.3%
🔹 Prepared foods: $71.7M vs $10.4M; UP +586.4% YoY; DOWN -14.5% QoQ on Echo Lake remodel
Other Metrics:
🔹 Gross Profit: $207.4M; margin 27.0%
🔹 Operating Income: $123.9M; margin 16.1%
🔹 Net Income: $102.8M; DOWN -53.1% YoY
🔹 Operating Cash Flow: $94.8M; DOWN -22.8% YoY
Capital Return:
🔹 Buybacks: 846,037 shares for $74.8M; $375.2M authorization remaining
🔹 Dividend: ~$0.72/share (total ~$34.3M) under variable dividend policy