Cal-Maine Foods Q4 revenue falls 50%, misses estimates on egg price decline
CALM•Key quarterly figures
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q4 Revenue | $552.58 million | $563.83 million |
| Q4 EPS | -$0.76 | $0.08 |
| Q4 Net Income | -$35.88 million | $3.83 million |
The average analyst rating on the shares is "hold," with 1 "strong buy" or "buy," 4 "hold," and no "sell" or "strong sell" ratings. The median 12-month price target is $80.13, about 8.2% below the July 21 closing price of $87.25. The stock recently traded at 30 times next 12-month earnings, versus a P/E of 16 three months ago.
Outlook and operating drivers
Cal-Maine said it expects an improving supply-demand balance to support stronger egg pricing in the coming months.
The company said expansion of its Eggland’s Best franchise territory is expected to boost Specialty Shell Egg volume by about 5% annually. It also said prepared foods production capacity is projected to rise more than 60% from the end of fiscal 2026 to the first half of fiscal 2028.
In prepared foods, Cal-Maine said improved utilization and fixed-cost absorption from network optimization and expansion initiatives led to stronger operating performance and sequential margin improvement.
Q4 results miss expectations as egg prices fall
Cal-Maine Foods said fourth-quarter revenue fell nearly 50% year over year and missed analyst expectations as industry oversupply drove wholesale shell egg prices to historically low inflation-adjusted levels.
The U.S. egg producer said adjusted EPS and net income were both negative in the quarter and also missed analyst expectations. The company said lower results were driven by pricing, not demand.
