Cal-maine Foods, Inc. · NASDAQ:CALM
Cal-maine Foods — Q1 2026 Earnings Presentation
12 slides from Cal-maine Foods's earnings presentation, Oct 1, 2025
Slide 1: Welcome to Cal-Maine's First-Ever Earnings Conference Call and Webcast
Welcome to Cal-Maine’s First-Ever Earnings Conference Call and Webcast Q1 FY26 October 1, 2025 NASDAQ: CALM © Cal-Maine Foods. All rights reserved.
Slide 2: Forward-Looking and Cautionary Statements
Forward‐Looking and Cautionary Statements Forward‐Looking and Cautionary Statements This report contains numerous forward-looking statements within the meaning of Section 27A of the of the acquisition, including synergies, cost savings, reduction in earnings volatility, margin Securities Act of 1933
Slide 3: Cal-Maine Foods Reports Strongest First Quarter in Company History
Cal-Maine Foods Reports Strongest First Quarter in Company History Record First Quarter Metric Q1FY26 Results All Metrics Up YoY Net Sales $922.6M 17.4% Gross Profit $311.3M 25.9% Operating Income $249.2M 33.3% Net Income $199.3M 32.9% Diluted EPS $4.12 34.6% Net Cash Flow from Operations $278.6M 13
Slide 4: The Foundation of Cal-Maine Foods' Strength
The Foundation of Cal-Maine Foods’ Strength Scale: Market leadership as the nation’s #1 egg producer Vertical Integration: Efficiency and resilience across every stage of the value chain Diversification: A broad and balanced portfolio spanning products, channels, and brands Financial Discipline: End
Slide 5: Building More Durable, Predictable Earnings and Growth
Building More Durable, Predictable Earnings and Growth Specialty Eggs + Prepared Foods Diversification Towards Mix Shift Towards Growth Engines Prepared Foods Specialty Eggs Specialty Eggs + Prepared Foods Prepared Foods increased to Specialty Eggs expanded to grew to nearly 40% of net sales more th
Slide 6: Disciplined Capital Allocation
Disciplined Capital Allocation Cash Generation Robust operating cash flow from our core egg business provides the foundation for reinvestment and returns Reinvestment Expand Specialty Eggs + Prepared Foods to capture long-term growth opportunities, while strengthening Shareholder Returns core egg bu
Slide 7: Successful Integration of Echo Lake Foods
Successful Integration of Echo Lake Foods $70.5mm Q1 FY26 Revenue Contribution Strategic Rationale • Expands Cal-Maine’s presence in the large, stable, egg-based foods Since Acquisition value-added category • Strengthens customer relationships across restaurants, convenience ✓ Utilization has ramped
Slide 8: Five Levers of Total Shareholder Returns
Five Levers of Total Shareholder Returns TSR = Share Multiple Dividends + + EPS Growth + Mix Uplift + Repurchases Expansions One-third of GAAP Opportunistic Volume expansion, Higher-margin Growth execution + net income → buybacks under efficiency gains, Specialty Eggs + improved steady base layer $5
Slide 9: Consumer Demand Tailwinds
Consumer Demand Tailwinds 1. 2. 3. Health & Wellness Convenience Premiumization Growing demand for Expansion of prepared Consumer and retailer focus affordable, high-protein, formats for modern lifestyles on cage-free, organic, free- clean-label foods and foodservice consistency range, pasture-raise
Slide 10: Strategic Priorities Powering Growth
Strategic Priorities Powering Growth Growth Acceleration Resilience Expand Specialty Eggs Pursue disciplined, Leverage scale, vertical + Prepared Foods accretive M&A and strategic integration, operational organic investments and financial excellence CAL-MAINE FOODS | Q1 FY26 EARNINGS PRESENTATION 10
Slide 11: Cal-Maine Foods: A Rare Combination of Value + Growth
Cal-Maine Foods: A Rare Combination of Value + Growth Stability & Returns Expansion & Upside • Disciplined Capital • Specialty Eggs + Stewardship Prepared Foods Growth • Balance Sheet Strength Value The Cal-Maine Growth Engines • Robust Operating Cash Flow Attributes Advantage Attributes • Accretive
Slide 12: October 1, 2025
October 1, 2025 © Cal-Maine Foods. All rights reserved.