date:Jul 30, 2013
A one-time charge of $17 million related to the settlement of an egg antitrust class action claim led to a fourth-quarter loss at Cal-Maine Foods, Inc. while also adversely affecting full-year results.
Net income in the year ended June 1 was $50,423,000, equal to $2.10 per share on the common stock, down 44% from $89,735,000, or $3.76 per share, in fiscal 2012. Excluding the settlement charge in 2013 as well as a one-time gain of approximately $27 million related to the joint venture between Eg