US egg producer defends record profits amid DOJ probe how to manage high prices without poaching your budget

Image for article 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]

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