RIDGELAND, Miss. - Cal-Maine Foods , Inc. (NASDAQ: CALM ) reported strong fiscal second quarter results that beat analyst expectations, sending shares up 4.47% in after-hours trading Tuesday.

The largest U.S. egg producer posted earnings per share of $4.47, significantly higher than the $2.96 analysts were expecting. Revenue came in at $954.7 million, also topping estimates of $722.04 million.

Cal-Maine sold 329.8 million dozen eggs in the quarter, up 14.5% YoY. The company said robust demand for shell eggs and higher market prices drove the strong performance. Average selling price per dozen rose to $2.74, compared to $1.73 in the year-ago quarter.

"Cal-Maine Foods delivered a very strong financial and operating performance in the second quarter of fiscal 2025," said Sherman Miller, president and CEO. "Robust demand for shell eggs resulted in a significant increase in dozens sold for the quarter, which included the seasonal boost leading up to the Thanksgiving holiday and sales from our latest acquisition completed in June."

The company noted that supply levels of shell eggs have been restricted due to recent outbreaks of highly pathogenic avian influenza (HPAI). Cal-Maine said it was able to leverage its scale and recent acquisitions to meet customer needs in the challenging supply environment.

Looking ahead, Cal-Maine plans to invest approximately $60 million in new capital projects to expand cage-free egg production capacity. The company expects these projects to add capacity for about 1.1 million cage-free layer hens by late summer 2025.

Cal-Maine declared a quarterly dividend of $1.49 per share, payable on February 13 to shareholders of record as of January 29.

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