Business
Cal-Maine Foods Reports Strongest First Quarter in Company History
Specialty Eggs and Prepared Foods Positioned as Growth Engines, Anchored by Scale, Integration, and Financial Strength RIDGELAND, Miss., Oct. 01, 2025 (GLOBE
About this update from Cal-maine Foods, Inc.
[{"type":"text","content":"Specialty Eggs and Prepared Foods Positioned as Growth Engines, Anchored by Scale, Integration, and Financial Strength\nRIDGELAND, Miss., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Cal-Maine Foods, Inc. (NASDAQ: CALM), the largest egg company in the United States and a leading player in the egg-based food industry, today reported results for the first quarter of fiscal 2026, ended August 30, 2025. Unless otherwise indicated, all comparisons are to the comparable period of fiscal 2025. Financial and Operating Highlights Net sales of $922.6 million, up 17.4% Shell egg sales of $789.4 million, up 6.5% Conventional egg sales of $505.9 million, up 4.4%Specialty egg sales of $283.5 million, up 10.4%Conventional eggs and specialty eggs accounted for 64.1% and 35.9% of total shell egg sales, compared to 65.4% and 34.6%, respectively Prepared foods sales of $83.9 million versus $8.9 million, up 839.1% Echo Lake contributed $70.5 million in sales Specialty eggs and prepared foods combined accounted for 39.8% of net sales, compared to 33.8% Gross profit of $311.3 million, up 25.9%, and gross profit margin of 33.7%Operating income of $249.2 million, up 33.3%, and operating income margin of 27.0%Net income of $199.3 million, up 32.9%Diluted earnings per share of $4.12, up 34.6%Net cash flow from operations of $278.6 million, up 137.2%Declared cash dividend of approximately $66.5 million, or $1.37 per share, pursuant to the company’s established dividend policyBreeder flocks grew 46%, total chicks hatched rose 77%, and the average number of layer hens expanded 10%, reflecting previously announced investments Commentary “We delivered our strongest first quarter in company history, aided by higher specialty egg sales, the expansion of our prepared foods platform, and supported by solid performance in conventional eggs. Cal-Maine Foods enters fiscal 2026 from a position of strength and is a uniquely attractive combination of both value and growth in today’s food sector,” said Sherman Miller, president and chief executive officer of Cal-Maine Foods. Quarterly Results Overview Net sales were $922.6 million, compared to $785.9 million, up 17.4%. Total shell egg sales increased 6.5% on 2.5% higher sales volume and 3.9% higher selling prices. Shell egg sales represented 85.6% of total net sales as the company diversified its sales towards prepared foods. The ...