Item 2. Properties
ITEM 2.
PROPERTIES
The table below provides summary information about
the primary operational facilities we use
in our business as of June
3, 2023.
Type
Quantity
(a)
Owned
Leased
Production Capacity
Location
Breeding Facilities
3
3
—
House up to 255,000 hens
GA, MS
Distribution Centers
6
6
—
NA
FL, GA, NC, TX
Feed Mills
25
24
1
Production capacity of 859 tons
of feed per hour
AL, AR, FL, GA, KS, KY,
LA,
MS, OH, OK, SC, TN, TX, UT
Hatcheries
2
1
1
Hatch up to 407,600 chicks per
week
FL, MS
Processing and
Packaging
43
43
—
Approximately 587,700 dozen
shell eggs per hour
AL, AR, FL, GA, KS, KY,
LA,
MS, OH, OK, SC, TX, UT
Pullet Facilities
29
29
—
Grow 27.1 million pullets
annually
AR, FL, GA, KS, KY,
MS, SC,
TX, UT
Shell Egg Production
42
42
—
House up to 46.6 million layers
AL, AR, FL, GA, KS, KY,
LA,
MS, OH, OK, SC, TX, UT
Egg Products Processing
Facilities
3
3
—
Production capacity of 43,140
lbs. per hour
GA, TX, MO
(a)
Does not include idled facilities.
We
also
have
ongoing
construction
projects
to
further
expand
the
Company’s
cage-free
egg
production
capabilities.
These
projects
include
expanding
our cage-free
egg production
at existing
farms or
converting
conventional
housing
with cage-free
production.
These
projects
will
phase
into
production
through
fiscal
2027.
For
additional
information,
see
Part II. Item 7.
Management’s Discussion and Analysis – Results of Operations – Liquidity and Capital Resources
.
As
of
June
3,
2023,
we
owned
approximately
28.0
thousand
acres
of
land.
There
are
no
material
mortgages
or
liens
on
our
properties.
ITEM 3.
LEGAL PROCEEDINGS
Refer to the description of certain legal proceedings pending against us under Part II. Item
8. Notes to the Consolidated Financial
Statements,
Note 16 – Commitments and Contingencies
, which discussion is incorporated herein by reference.
ITEM 4.
MINE SAFETY DISCLOSURES
Not applicable.
PART
II.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.