Cal-maine Foods, Inc. · NASDAQ:CALM
Cal-maine Foods — Q3 2026 Earnings Presentation
10 slides from Cal-maine Foods's earnings presentation, Apr 1, 2026
Slide 1: Cal-Maine Foods Reports Third Quarter Fiscal 2026 Results
Cal-Maine Foods Reports Third Quarter Fiscal 2026 Results NASDAQ: CALM | April 1, 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: Q3 FY26 and FY26 YTD Strategic Execution Highlights
Q3 FY26 and FY26 YTD Strategic Execution Highlights Third Quarter Year-To-Date "Despite materially lower egg prices compared to the historic levels seen in the prior year, our diversified portfolio and operational execution enabled us to deliver solid results and maintain momentum. In Specialty Egg
Slide 4: Acquisition of Creighton Brothers
Acquisition of Creighton Brothers $128.5M Acquisition Funded with cash on hand; disciplined capital allocation Expands Scale & Footprint Entry into Indiana; strengthens integrated shell egg platform Advances Vertical Integration Adds nearby liquid egg capacity; improves internal sourcing, margins, a
Slide 5: Specialty Mix Expansion
Specialty Mix Expansion As specialty eggs increasingly represent a larger portion of our portfolio, they support more predictable margins, more stable demand characteristics, and improved returns on invested capital. Mix Shift Toward Specialty Eggs Specialty Egg Volume | YOY Growth 7% 17% 18% 1% 17%
Slide 6: Capital Allocation Hierarchy TTM Q3 FY26
Capital Allocation Hierarchy TTM Q3 FY26 1. Reinvest in high-return organic growth opportunities across specialty capacity, productivity improvements, and prepared foods expansion $299.0 2. 30% $384.3 Pursue selective acquisitions that strengthen strategic positioning and 38% meet disciplined return
Slide 7: 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 mix expansion, driving structurally Pricing structure evolution, with continued Prepared foods growth, expanding our higher margins and more stable demand shift toward structu
Slide 8: 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 9: 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 The Cal-Maine Prepared Foods Growth • Balance Sheet Strength Value Advantage Growth Engines • Robust Operating Cash Flow Attributes Attributes • Accretive
Slide 10: Cal-Maine Foods, Inc.
Cal-Maine Foods, Inc. 1052 Highland Colony Parkway, Suite 200 Ridgeland, Mississippi 39157 601-948-6813 ir@cmfoods.com