Financial Highlights - FY'20
Disclaimer
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EM
Cal-Maine Foods, Inc.
Forward-Looking and Cautionary Statements
This presentation contains "forward-looking statements" relating to, among other things, our shell egg business, including estimated future production data, expected
construction schedules, projected construction costs, potential future supply of and demand for our products, potential future corn and soybean price trends, potential
future impact on our business of the novel coronavirus ("COVID-19") pandemic, potential future impact on our business of new legislation, rules or policies, potential
outcomes of legal proceedings, and projected operating data, results of operations and financial condition. Such forward-looking statements are identified by the use of
words such as "believes," "intends," "expects," "hopes," "may," "should," "plans," "projected," "contemplates," "anticipates," or similar words and are subject to the
safe harbor created by the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking
statements. The forward-looking statements are based on management's current intent, belief, expectations, estimates, and projections regarding us and our industry.
These statements are not guarantees of future performance and involve risks, uncertainties, assumptions, and other factors that are difficult to predict and may be
beyond our control. The factors that could cause actual results to differ materially from those projected in the forward-looking statements include, among others, (i)
the risk factors set forth in our reports we file from time to time with the SEC (including our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and our
Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg business (including disease, pests, weather conditions, and potential for product recall),
(iii) changes in the demand for and market prices of shell eggs and feed costs, (iv) our ability to predict and meet demand for cage-free and other specialty eggs, (v)
risks, changes, or obligations that could result from our future acquisition of new flocks or businesses and risks or changes that may cause conditions to completing a
pending acquisition not to be met, (vi) risks relating to the evolving COVID-19 pandemic, and (vii) adverse results in pending litigation matters. You are cautioned not to
place undue reliance on forward-looking statements because, while we believe that the assumptions on which the forward-looking statements are based are
reasonable, there can be no assurance these forward-looking statements will prove to be accurate. Further, the forward-looking statements included herein are only
made as of the respective dates thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any intent or obligation to
publicly update these forward-looking statements, whether as a result of new information, future events or otherwise.
Notice Regarding Non-GAAP Financial Measures
In addition to U.S. GAAP financial measures, this presentation contains and may refer to certain non-GAAP financial measures. These non-GAAP financial measures are
in addition to, not a substitute for or superior to, measures of financial performance prepared in accordance with GAAP. These non-GAAP financial measures should not
be considered replacements for, and should be read together with, the most comparable GAAP financial measures. Reconciliations to the most directly comparable
GAAP financial measures and statements of why management believes these measures are useful to investors are included herein if the reconciliation is not presented
on the page in which the measure is published.View entire presentation