Cal-Maine Foods, Inc. (CALM) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.378 Good morning, everyone, and welcome to the Cal Maine Foods second quarter fiscal 2026 00:00:05.378 -- 00:00:09.504 earnings conference call. All participants are in a listen-only mode. 00:00:09.504 -- 00:00:13.550 After today's prepared remarks, there will be a question-and-answer session. 00:00:13.550 -- 00:00:17.976 At that time, I will provide instructions for those wishing to ask a question. 00:00:17.976 -- 00:00:20.319 Please note that this call is being recorded. 00:00:20.319 -- 00:00:24.785 I will now turn the call over to Sherman Miller, President and Chief Executive Officer 00:00:24.785 -- 00:00:28.828 of Cal Maine Foods. Please go ahead, sir. 00:00:29.917 -- 00:00:32.119 Good morning. Thank you for joining us today. 00:00:32.119 -- 00:00:37.264 I want to remind everyone that today's remarks may include forward-looking statements. 00:00:37.264 -- 00:00:41.888 These are based on management's current expectations and are subject to risk and uncertainties 00:00:41.888 -- 00:00:44.770 described in our SEC filings. 00:00:44.770 -- 00:00:48.414 Looking at our performance in the second quarter and first half of the year, the story 00:00:48.414 -- 00:00:53.699 is clear. We built real momentum. We delivered solid results even against a tough 00:00:53.699 -- 00:00:58.943 comparison to last year, which is marked by supply-demand imbalances and historically 00:00:58.943 -- 00:01:00.663 high prices. 00:01:00.663 -- 00:01:06.010 With lower egg prices, our increasingly diversified business model combined with effective 00:01:06.010 -- 00:01:09.575 execution has proven to be a source of resilience. 00:01:09.575 -- 00:01:14.921 And that positions us uniquely today, a rare combination of both value and growth 00:01:14.921 -- 00:01:18.606 wi...