US egg producer defends record profits amid DOJ probe how to manage high prices without poaching your budget
News Source : Yahoo Entertainment
News Summary
- Cal-Maine Foods recently reported a net income of $508
- 5 million for its most recent fiscal quarter
- The company attributes its profits to an 80% rise in the cost of eggs
- The U
- S
- Department of Justice is reportedly investigating the company in order to determine whether it is guilty of price fixing
Its hardly a secret that Americans have been paying a premium for eggs these past few months. But while consumers are struggling to afford this grocery staple, one egg company is allegedly profiting [+4563 chars]