Cal-maine Foods, Inc. · NASDAQ:CALM
Cal-maine Foods — Q4 2026 Earnings Presentation
15 slides from Cal-maine Foods's earnings presentation, Jul 22, 2026
Slide 1: Cal-Maine Foods Fourth Quarter and Fiscal 2026 Results
Cal-Maine Foods Fourth Quarter and Fiscal 2026 Results NASDAQ: CALM | July 22, 2026
Slide 2: Cautionary Statements
Cautionary Statements This presentation contains numerous forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934 (the “Exchange Act”) relating to our business, including potential future
Slide 3: FY26 Financial Highlights
FY26 Financial Highlights Consolidated Net Sales Consolidated Gross Profit Consolidated Operating Income Q4 FY26 Q4 FY26 Q4 FY26 $552,581 $2,911,632 $34,066 $672,049 $58,811 $350,186 ↓ 50% YoY ↓ 32% YoY ↓ 94% YoY ↓ 64% YoY ↓ 114% YoY ↓ 77% YoY Consolidated Net Income Consolidated Diluted EPS Attribu
Slide 4: Q4 FY26 and FY26 Strategic Execution Highlights
Q4 FY26 and FY26 Strategic Execution Highlights Continued focus on sales diversification and mix shift, expected to strengthen earnings durability and predictability over time Q4 FY26 Prepared Foods 10.9% 8.4% % of Consolidated Net Sales ↑ Compared to 0.1% ↑ Compared to 0.1% in FY25 Q4 in FY25 Speci
Slide 5: Building A More Resilient Business Model
Strategic Investments Echo Lake Foods June 2025 • Diversifies portfolio with complementary value-added egg-based prepared foods Building A More Resilient • Creates long-term value through customer expansion, operating synergies, and more consistent earnings Business Model Creighton Brothers March 20
Slide 6: Reporting Aligned With Strategy
Re-Segmentation Reporting Aligned With Strategy Effective in the fourth quarter of fiscal 2026, the company implemented a new operating segment structure designed to better align with how management reviews operating results and makes decisions regarding resource allocation and strategic initiatives
Slide 7: Demand fundamentals remain strong despite cyclical pricing pressure
Segment | Conventional Shell Eggs Demand fundamentals remain strong Segment Operating Income Margin despite cyclical pricing pressure 3-Yr Average FY26 26.7% 16.1% S t r a t e g i c I m p o r t a n ce Consolidated Net Sales (in millions) Staple item providing affordable choice of protein to consumer
Slide 8: Urner Barry Market Trends in First Quarter FY27 Indicate Future Recovery
Urner Barry Market Trends in First Quarter FY27 Indicate Future Recovery $2.50 During the first five weeks of our first quarter in fiscal 2027 Urner Barry reported $2.00 that market prices FY27 Q1 Average: averaged just $0.72, FY26 Q4 Average: Through July 21, 2026 approximately 54% $1.07 $0.83 belo
Slide 9: Specialty Shell Eggs Improve Stability Across Market Cycles
Segment | Specialty Shell Eggs Specialty Shell Eggs Improve Stability Segment Operating Income Margin Across Market Cycles 3-Yr Average FY26 20.6% 16.5% S t r a t e g i c I m p o r t a n ce Benefits from more stable long-term pricing and favorable Consolidated Net Sales (in millions) demand fundamen
Slide 10: Strategic investments driving growth and margin expansion
Segment | Prepared Foods Strategic investments driving Segment Operating Income Margin growth and margin expansion Q4 FY26 14.6% 13.8% S egment P e r fo r m a nc e Consolidated Net Sales (in millions) Higher production and improved facility utilization, as network optimization and expansion initiati
Slide 11: Capital Allocation Hierarchy
Capital Allocation Hierarchy Uses of Capital FY26 1. Reinvest in high-return organic growth opportunities across specialty shell eggs capacity, productivity improvements, and prepared foods expansion $231.6 2. 24% Pursue selective acquisitions that strengthen strategic positioning and meet disciplin
Slide 12: We Believe Cal-Maine's Intrinsic Value Will Compound Over Time
We Believe Cal-Maine’s Intrinsic Value Will Compound Over Time Mix Expansion Pricing Stability Portfolio Expansion Specialty Shell Egg mix expansion, driving Prepared foods growth, expanding our structurally higher margins and more Structured pricing arrangements expected revenue base, diversifying
Slide 13: Total Shareholder Return Levers
Total Shareholder Return Levers TSR = Dividends Share Multiple Earnings Growth + One-third of + Repurchases + GAAP net income $500mm authorization Expansion Expands total earnings through both Provides a reliable, Creates incremental Higher-quality, more operational execution & a deliberate shift re
Slide 14: The Cal-Maine Advantage
Cal-Maine Foods: A Rare Combination of Value + Growth Stability & Returns Expansion & Upside • Disciplined Capital The • Specialty Shell Eggs + Stewardship Cal-Maine Prepared Foods Growth Value Growth Engines • Balance Sheet Strength Attributes Advantage Attributes • Accretive M&A • Robust Operating
Slide 15: Cal-Maine Foods, Inc.
Cal-Maine Foods, Inc. 1052 Highland Colony Parkway, Suite 200 Ridgeland, Mississippi 39157 601-948-6813 ir@cmfoods.com