Cal-Maine Foods Q1 revenue misses as conventional egg prices tumble
CALM•Cal-Maine Foods reported Q1 revenue of $539.61 million, down 41% and below the $561.56 million consensus estimate, and a loss per share of $1.26 versus an expected loss of $0.77. It repurchased $5 million in shares and will not pay a Q1 dividend.
1. Quarterly results
Cal-Maine Foods said sharply lower conventional egg prices, lower specialty egg selling prices and higher feed and production costs contributed to its results. Net loss was $58.62 million, compared with an analyst consensus estimate of $35.41 million. The company said temporary production reductions during Prepared Foods capacity expansion lowered sales volumes; it expects Prepared Foods capacity to grow more than 60% by the first half of fiscal 2028, while the timing of a conventional shell egg market rebalance remains uncertain.
