C

Cal-Maine Foods

Leading US shell egg producer

Overview

Cal-Maine Foods is the largest producer and distributor of shell eggs in the United States. It operates state-of-the-art farms and distribution networks to supply fresh shell eggs and egg products across the southwestern, southeastern, midwestern, and mid-Atlantic regions, with operations located close to customers. Eggs are produced on farms, processed, and distributed to retailers and foodservice customers. The company distinguishes itself through its scale, a defined emphasis on a Culture of Sustainability, and reliable, high-quality supply. Its goal is to be the most sustainable producer and reliable supplier of consistent, high-quality fresh shell eggs and egg products, creating value for shareholders, customers, team members, and communities.

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About Cal-Maine Foods

Simplify's Rating
Why Cal-Maine Foods is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Company Size

501-1,000

Company Stage

IPO

Headquarters

Ridgeland, MS

Founded

1957

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What believers are saying

  • USDA cut 2026 wholesale egg forecasts in October, signaling a slower supply recovery.
  • Cal-Maine expects prepared-foods capacity to rise more than 60% by first half 2028.
  • September 29, 2026 Amino rollout should improve reporting, cost control, and flock visibility.

What critics are saying

  • September 2026 Q1 loss showed conventional prices down 59.3%, crushing earnings.
  • June 2026 Texas settlement tied Cal-Maine to antitrust claims spanning 2022-2025.
  • Avian influenza reappeared in March 2026; another outbreak can erase flocks and margins quickly.

What makes Cal-Maine Foods unique

  • Cal-Maine dominates U.S. shell eggs and controls vertically integrated production, packing, and distribution.
  • Its specialty and prepared foods mix reached 54.1% of net sales in Q1 2027.
  • August 31, 2026 credit renewal gives Cal-Maine $250 million revolving capacity through 2031.

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Funding

Total Funding

$526M

Above

Industry Average

Funded Over

2 Rounds

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • 401(k) Company Match
  • Employee Discount
  • Paid Vacation
  • Safety Equipment Provided
  • Tuition Reimbursement
  • Opportunities for advancement

Stock Price

Growth & Insights and Company News

6 month growth

-4%

1 year growth

-4%

2 year growth

-4%
Food World News
Oct 14th, 2026
Conventional egg prices fell 59% at Cal-Maine while specialty eggs fell 11%, keeping cage-free pricier at the store.

Conventional egg prices fell 59% at Cal-Maine while specialty eggs fell 11%, keeping cage-free pricier at the store. By Austin Harper Published: Oct 14 2026, 1:30 AM EDT The egg glut has made conventional eggs far cheaper than specialty eggs - and the nation's largest producer's results show how wide that gap has become. Cal-Maine Foods said its average selling price for conventional shell eggs fell 59.3% from a year earlier in its quarter ended Aug. 29. Its average price for specialty shell eggs, a category that includes cage-free, organic, pasture-raised and nutritionally enhanced eggs, fell just 10.7%. The same split shows up in grocery ads. In the week of Oct. 9, the average advertised retail price for conventional caged eggs was $1.38 a dozen, while UEP-certified cage-free eggs averaged $2.26, according to USDA's Egg Markets Overview. That is a difference of 88 cents per dozen. For households, the takeaway is that the steepest price relief has been in standard white eggs. Families that buy cage-free or organic cartons have seen smaller savings, and the gap could matter during holiday baking. The price split inside Cal-Maine's results. Cal-Maine's first-quarter fiscal 2027 results, released Sept. 30, show that conventional egg volume was roughly flat, down 0.7%, while prices collapsed. The conventional segment posted a $71.0 million loss. Specialty egg volume fell 3.8%, and segment sales slipped to $236.9 million from $275.6 million. Specialty eggs and prepared foods together made up 54.1% of Cal-Maine's net sales, up from 37.1% a year earlier. Part of that shift reflects how far conventional egg revenue fell rather than rapid growth elsewhere. The company reported a net loss of $58.6 million on net sales of $539.6 million, down 41.5%, and said it will not pay a dividend for the quarter. Cal-Maine is also leaning further away from commodity eggs. It acquired additional Eggland's Best franchise territory in the Northeast to expand specialty distribution, and it expects prepared foods production capacity to rise more than 60% by the first half of fiscal 2028. The release notes that avian influenza affected the company's flocks in fiscal 2024 and again in March 2026. Cal-Maine's release does not give dollar prices per dozen for either category or explain why specialty prices held up better. Signals that the glut may be easing. Food World News previously reported that Cal-Maine sees early signs the egg glut may be easing, including a smaller-than-estimated laying flock and fewer chicks hatched from breeder eggs. The company stressed that those indicators do not prove prices will turn. CEO Sherman Miller also pointed to demand. "Affordability and greater promotional activity should provide additional support to consumption," Miller said on the Sept. 30 earnings call, Food Dive reported. He said U.S. retail egg volume rose about 4% from January through August, citing NielsenIQ, and that the average retail price per dozen fell about 27% in the four weeks through Aug. 29. Miller said the company sees no structural weakness in egg demand. The flock figures Cal-Maine cited came from the American Egg Board, an industry-funded promotion group. The board estimates the layer flock at 336 million to 343 million hens, about 4 million below its earlier estimates, and says hatch from breeder eggs is down 12% so far this year. Monthly case production over the past three months edged down to 19.9 million, Food Dive reported. USDA still sees lower egg prices this year. USDA's own forecasts point the other way for now. In its October World Agricultural Supply and Demand Estimates, USDA lowered its 2026 wholesale egg price forecast to 103.5 cents per dozen, from 106.6 cents, citing recent price weakness and increased production. It forecast 120.0 cents for the fourth quarter, compared with 192.0 cents a year earlier, and left 2027 unchanged at 111 cents. Production is still climbing. USDA raised its 2026 egg production forecast to 9,160 million dozen from 9,140 million on growth in the layer flock. Wholesale prices kept slipping in early October. USDA's national index for conventional large eggs was about 43.5 cents a dozen in the week of Oct. 9, down about 3 cents, while total shell egg inventories edged up less than 1%. Large white eggs delivered to Midwest warehouses were 64 cents a dozen, and breaking stock, the eggs sold to processors, fell 12%. Cage-free inventories rose 3% - a sign that specialty supplies are growing too. Organic stocks also rose 3%, according to the same USDA report. At the store, ERS forecasts retail egg prices to fall 29.4 percent in 2026. Those forecasts could change if the supply signals Cal-Maine described start to show up in USDA's data. Choosing between cartons before the holidays. Shoppers who buy eggs mainly for baking can save by choosing conventional eggs when the recipe does not call for a specific type. Conventional caged eggs are the cheapest option in most grocery ads right now. Families who prefer cage-free eggs for animal welfare or other reasons will pay more, though advertised cage-free prices remain well below last year's peaks. Comparing the per-dozen price on larger packs and watching weekly circulars can narrow the gap. Eggs keep for weeks in the refrigerator, so buying a few extra cartons on promotion ahead of holiday baking is reasonable, but stockpiling large quantities is unnecessary given current supplies. The next USDA checkpoints are the weekly Egg Markets Overview, ERS's Food Price Outlook on Oct. 23 and the WASDE report on Nov. 10. Those releases will show whether the early supply signals Cal-Maine cited are starting to lift prices or whether the glut persists into the holidays. What people are asking. Why are cage-free eggs still more expensive? Cal-Maine's specialty egg prices fell 10.7% while conventional prices fell 59.3%. In the week of Oct. 9, cage-free eggs averaged $2.26 a dozen in grocery ads versus $1.38 for conventional caged eggs. Are egg prices going to rise again? Cal-Maine cites early signs of tighter supply but says those signs do not establish that the market will turn. USDA lowered its 2026 egg price forecast in October. What did Cal-Maine report? A net loss of $58.6 million on net sales of $539.6 million for the quarter ended Aug. 29, with no dividend. What does USDA forecast for egg prices? A 2026 wholesale average of 103.5 cents per dozen and 120.0 cents in the fourth quarter. ERS forecasts retail egg prices to fall 29.4 percent in 2026. Should I stock up on eggs for holiday baking? Buying a few extra cartons on sale is reasonable, but current supplies do not call for stockpiling. Where do the flock numbers come from? The American Egg Board, an industry-funded group, estimates the layer flock at 336 million to 343 million hens.

CargoXplorer
Oct 8th, 2026
Cal-Maine says the egg market is rebalancing: build a perishable supply release ladder.

Cal-Maine says the egg market is rebalancing: build a perishable supply release ladder. Listen to article Logistics Industry Analysis Egg logistics teams have spent the past several years reacting to abrupt changes in flock size, production, prices, and demand. Now the signals are changing again. Cal-Maine Foods says the U.S. conventional egg market may be starting to rebalance after an oversupply pushed wholesale prices and producer revenue sharply lower. That does not mean planners can simply wait for the market to normalize. Eggs already in the network continue to lose commercial life, while demand, outbound capacity, and regional inventory rarely move in sync. Shippers need a structured perishable supply release ladder that turns market and operational signals into specific release, markdown, transfer, or hold decisions. Read the signals as a system. The latest indicators point in different directions, which is exactly why a single forecast is not enough. Supply Chain Dive reports that the American Egg Board estimated the U.S. layer flock at 336 million to 343 million hens, about 4 million below earlier estimates. Breeder-egg hatch numbers were down 12% year to date, and monthly case production over the preceding three months edged down to 19.9 million. At the same time, demand has held up. U.S. retail egg volume increased roughly 4% from January through August compared with the prior year, while the average price per dozen fell about 27%. Those numbers suggest that affordability and promotions are helping move product, but they do not guarantee that every region, grade, package type, or customer channel will rebalance at the same pace. The financial impact of getting the timing wrong is already visible. Cal-Maine's conventional shell egg sales fell 59.5% year over year to $201.7 million in its fiscal first quarter. A smaller future flock may eventually tighten supply, but today's inventory still has to be positioned and shipped before its remaining shelf life becomes a constraint. Connect production lots to executable capacity. A useful release plan starts below the market level. Each production lot should carry a common set of decision fields: pack date, sell-by or best-by date, grade, pack configuration, storage temperature history, current location, committed orders, eligible customers, and available outbound capacity. Planners can then calculate remaining commercial life at delivery, not merely remaining life at departure. A load with 20 days of life in the warehouse may have much less usable life after dwell, transit, appointment delays, receiving, and the customer's own shelf-life requirement. That delivered-life calculation should determine which loads are genuinely interchangeable. Traceability also matters. Food Logistics notes that the FSMA 204 compliance date has moved to July 20, 2028, giving operators more preparation time but not reducing the need for disciplined lot-level records. Its cold-chain compliance guidance emphasizes building processes before the deadline rather than treating recall completion as the whole objective. A release ladder works best when traceability events and transportation decisions share the same lot identifiers. Build four clear decision rungs. The ladder should define thresholds in advance so teams do not renegotiate every aging lot under pressure. 1. Release normally. Use the normal allocation path when projected delivered shelf life exceeds the customer's requirement by a healthy buffer, demand is stable, and confirmed transportation capacity supports the promise. Within this rung, first-expiring-first-out sequencing should still apply unless a customer or product rule requires otherwise. 2. Accelerate or markdown. Move inventory into an accelerated path when remaining life approaches the safety buffer, regional cover is above target, or replacement production is arriving faster than demand. Actions can include promotional pricing, earlier tendering, alternative appointment windows, or prioritizing customers that can absorb larger volumes quickly. The markdown should be compared with the cost of spoilage, disposal, and failed service - not just the original selling price. 3. Transfer to a stronger market. Transfer a lot when another region has a credible shortage, sufficient demand, and enough remaining life to cover repositioning. The calculation must include linehaul time, cross-dock dwell, incremental handling, and the probability of an appointment failure. A transfer that consumes the shelf-life advantage before delivery merely moves the problem. 4. Hold or block. Hold inventory when a quality, temperature, documentation, or customer-eligibility condition is unresolved. Commercial pressure should never override a food-safety block. The workflow needs an owner, reason code, next review time, and escalation path so held product does not disappear inside a generic exception queue. Use triggers that planners can act on. Market indicators such as flock estimates and hatch rates should adjust planning assumptions, but operational triggers should drive the load decision. Useful triggers include days of remaining life at expected delivery, inventory cover by region, order-fill risk, tender acceptance, appointment availability, temperature excursions, and recovery value after transport cost. For example, a planner might release lots with more than 18 days of delivered life normally, accelerate those between 12 and 18 days, evaluate transfers between 8 and 12 days only when a confirmed customer and appointment exist, and block anything below the customer's minimum. The actual thresholds will vary by labeling, customer contracts, and network design. What matters is that they are explicit, measurable, and consistently applied. Orchestrate the ladder in CXTMS. CXTMS can bring order, lot, inventory, appointment, and transportation data into one execution view. Loads can be ranked by freshness risk, customer promise, and recovery value, allowing planners to see where an urgent shipment also has an executable carrier and receiving window. Rules can flag a load when projected delivered life crosses a threshold, route transfer candidates to approved destinations, and preserve the reason behind every exception decision. That makes the release ladder auditable while helping dispatchers act before a freshness problem becomes a write-off or service failure. Egg markets will keep moving between shortage and surplus. The durable advantage is not predicting every turn perfectly; it is having a repeatable way to convert changing signals into timely, economically sound shipment decisions. Ready to coordinate perishable inventory with transportation execution? Request a CXTMS demo and build freshness-aware release rules into every load plan.

MarketBeat
Oct 1st, 2026
Cal-Maine Foods (NASDAQ:CALM) given new $70.00 price target at Stephens.

Cal-Maine Foods (NASDAQ:CALM) given new $70.00 price target at Stephens. October 1, 2026 Key points. * Stephens lowered Cal-Maine Foods' price target from $80 to $70 and maintained an "equal weight" rating, implying only 2.85% upside from the stock's $68.06 opening price. * Analyst sentiment remains cautious: the consensus rating is "Hold" with an average price target of $87.43, while other firms recently downgraded or reduced their targets. * Cal-Maine's latest quarter showed significant weakness, with revenue down 41.5% year over year to $539.6 million and a loss of $1.26 per share, as sharply lower egg prices and excess supply pressured results. * MarketBeat previews the top five stocks to own by November 1st. Cal-Maine Foods (NASDAQ:CALM - Get Free Report) had its price target dropped by equities researchers at Stephens from $80.00 to $70.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the basic materials company's stock. Stephens' price target points to a potential upside of 2.85% from the company's current price. A number of other research firms also recently commented on CALM. Benchmark downgraded Cal-Maine Foods from a "strong-buy" rating to a "hold" rating in a report on Friday, September 4th. The Goldman Sachs Group restated a "neutral" rating and issued a $70.00 target price on shares of Cal-Maine Foods in a research note on Friday, September 18th. BMO Capital Markets reissued a "market perform" rating and set a $75.00 price target (down from $83.00) on shares of Cal-Maine Foods in a report on Thursday, September 24th. Wall Street Zen downgraded Cal-Maine Foods from a "sell" rating to a "strong sell" rating in a research note on Saturday, September 26th. Finally, Weiss Ratings cut Cal-Maine Foods from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, July 23rd. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $87.43. Cal-Maine Foods stock down 0.7%. Shares of CALM opened at $68.06 on Thursday. The firm's 50 day moving average price is $79.43 and its 200 day moving average price is $79.31. The company has a market cap of $3.19 billion, a P/E ratio of 10.39 and a beta of 0.23. Cal-Maine Foods has a fifty-two week low of $63.50 and a fifty-two week high of $95.57. Discover more Analyst ratings data Cal-Maine Foods (NASDAQ:CALM - Get Free Report) last announced its quarterly earnings data on Wednesday, September 30th. The basic materials company reported ($1.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.49). The company had revenue of $539.61 million during the quarter, compared to analyst estimates of $561.57 million. Cal-Maine Foods had a net margin of 10.88% and a return on equity of 11.79%. The firm's revenue was down 41.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.12 earnings per share. Institutional inflows and outflows. A number of hedge funds and other institutional investors have recently modified their holdings of CALM. CoreCap Advisors LLC grew its holdings in Cal-Maine Foods by 13.5% in the 2nd quarter. CoreCap Advisors LLC now owns 1,153 shares of the basic materials company's stock valued at $93,000 after buying an additional 137 shares during the last quarter. DGS Capital Management LLC raised its holdings in Cal-Maine Foods by 6.7% during the 1st quarter. DGS Capital Management LLC now owns 2,932 shares of the basic materials company's stock worth $232,000 after purchasing an additional 183 shares during the last quarter. Stegent Equity Advisors Inc. grew its holdings in Cal-Maine Foods by 4.0% during the first quarter. Stegent Equity Advisors Inc. now owns 5,279 shares of the basic materials company's stock valued at $418,000 after purchasing an additional 202 shares during the period. Navellier & Associates Inc. increased its stake in Cal-Maine Foods by 0.7% during the 2nd quarter. Navellier & Associates Inc. now owns 33,262 shares of the basic materials company's stock worth $2,680,000 after purchasing an additional 229 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Cal-Maine Foods by 4.2% in the first quarter. Private Advisor Group LLC now owns 6,215 shares of the basic materials company's stock valued at $492,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 84.67% of the company's stock. Key stories impacting Cal-Maine Foods. Here are the key news stories impacting Cal-Maine Foods this week: * Management and analysts pointed to potential improvement from industry supply rationalization. A reduction in laying-hen inventories and tighter supply could support conventional egg prices and margins in future quarters. * Cal-Maine selected Speria-MTech Systems' Amino platform to improve financial reporting and operational visibility. The initiative may enhance efficiency and decision-making, but its near-term financial impact is unlikely to offset weak egg pricing. * Fiscal Q1 2027 revenue fell 41.5% year over year to $539.6 million, below the $561.6 million consensus estimate. The company swung to a $58.6 million net loss, or $1.26 per share, versus $199.3 million of profit and $4.12 EPS a year earlier; EPS also missed the $0.77-loss consensus. * Reports attributed the deterioration to a roughly 59% decline in egg prices, particularly conventional eggs, along with higher costs and excess industry supply. The results raised concerns that weak pricing could persist, prompting at least one analyst to downgrade CALM to Hold. Cal-Maine Foods company profile. Cal-Maine Foods, Inc is a major producer and distributor of shell eggs in the United States. The company supplies eggs to grocery retailers, foodservice operators, food distributors and institutional customers under both its own brands and private-label programs. Its product portfolio includes conventional eggs as well as specialty products such as cage-free, organic, free-range, brown, pasture-raised and nutritionally enhanced eggs. Cal-Maine also markets hard-boiled eggs and other value-added egg products, and sells eggs through a network of production, processing, packaging and distribution facilities. Founded in 1969 and headquartered in Jackson, Mississippi, Cal-Maine serves customers throughout the United States and has expanded through acquisitions and investments in production capacity. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Cal-Maine Foods, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cal-Maine Foods wasn't on the list. While Cal-Maine Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. 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WATT Global Media
Sep 30th, 2026
Cal-Maine Foods reports Q1 loss as egg prices continue decline.

Cal-Maine Foods reports Q1 loss as egg prices continue decline. Flock repopulation and abundant egg supplies pushed shell egg prices sharply lower, while specialty eggs and prepared foods helped offset some of the decline. September 30, 2026 Cal-Maine Foods reported a first-quarter net loss as conventional egg prices fell 59% due to industry oversupply following flock repopulation, though the company is shifting focus toward higher-margin specialty eggs and prepared foods which now represent 54% of net sales. * Cal-Maine's net sales declined 41.5% to $539.6 million in Q1 fiscal 2027 versus $922.6 million in the prior year * Conventional egg prices dropped 59.3% per dozen, with segment sales falling from $498.4 million to $201.7 million * Specialty eggs and prepared foods now represent 54% of net sales, demonstrating the company's strategic shift away from commodity eggs * The conventional shell egg segment posted a $71 million loss compared to $168.2 million in segment income the prior year * Cal-Maine acquired additional Eggland's Best franchise territory in the northeast to expand specialty egg distribution and market penetration Cal-Maine Foods reported net sales of $539.6 million for its first quarter of fiscal 2027, a 41.5% decrease compared to $922.6 million in the same quarter of fiscal 2026, according to its most recent financial review. First-quarter performance reflected an abundantly supplied egg market following industry layer flock repopulation during fiscal 2026. The increase in egg supply, together with the first quarter's historically softer seasonal pricing, resulted in substantially lower conventional shell egg prices compared with the prior-year period. Conventional egg sales decreased 59.5%, primarily reflecting a 59.3% decrease in average selling price per dozen while volume remained relatively flat. For the quarter, Cal-Maine's conventional shell egg segment sales dropped to $201.7 million, compared to $498.4 million a year earlier. The effect of lower market prices was partially mitigated by hybrid and cost-plus pricing arrangements with certain customers. Segment loss was $71 million, compared with segment income of $168.2 million in the prior-year period, as lower pricing more than offset lower outside egg purchase costs. Cal-Maine's specialty shell egg sales declined 14%, reflecting a 10.7% decrease in average selling price per dozen and a 3.8% decrease in volume. Segment income was $14.9 million, compared with $64.2 million in the prior-year period, primarily due to lower selling prices and higher cost per dozen resulting from increased feed and production costs. Cal-Maine's prepared foods sales reached $63 million for the quarter, and the segment posted operating income of $7.8 million, compared with an operating income of $13.2 million in the same time last fiscal year. "Our first-quarter results reflect both the current point in the conventional shell egg cycle and the continued evolution of Cal-Maine Foods' earnings model. Conventional shell egg pricing remains under pressure from an industry supply imbalance, while underlying demand remains healthy. At the same time, specialty shell eggs and prepared foods now represent approximately 54% of our net sales, demonstrating the progress we have made in broadening our business," said Sherman Miller, president and chief executive officer of Cal-Maine Foods. In the first quarter of fiscal 2027, Cal-Maine acquired additional Eggland's Best franchise territory in the northeast, expanding the company's distribution footprint and increasing its specialty shell eggs category penetration. Unlock Personalized Content! Sign up and the recommendations below will be more personalized for you!

Defense World
Sep 30th, 2026
Cal-Maine swings to first-quarter loss on weaker egg pricing.

Cal-Maine swings to first-quarter loss on weaker egg pricing. What happened. Cal-Maine Foods, Inc. (NASDAQ: CALM) reported first-quarter fiscal 2027 results for the period ended August 29, 2026. Net sales were $539.61 million, down from $922.60 million a year earlier. The company posted an $82.17 million operating loss. Gross profit fell to $0.40 million from $311.31 million. Net loss attributable to Cal-Maine Foods, Inc. was $58.62 million, compared with $199.34 million in the prior-year period. The company said it will not pay a cash dividend for the quarter. As of August 29, 2026, $94.5 million had to be recovered before any future dividend under the variable dividend policy. Cal-Maine Foods also repurchased 66,601 shares for $5.0 million during the quarter. The buyback program allows repurchases of up to $500 million, and $315.7 million remained available at quarter end. Key numbers. Why it matters. The main positive was the product mix. Specialty Shell Eggs and Prepared Foods rose to 54.1% of net sales from 37.1%, a 17.0 percentage-point increase. Prepared Foods alone rose to 11.7% from 7.8%. The filing says a continued focus on sales diversification and mix shift should strengthen earnings durability and predictability over time. OptimistFi's case is that Cal-Maine can create value when specialty and prepared foods take a larger share of sales across the cycle. This filing supports that shift, but the conventional shell egg business still dragged results lower. Conventional shell egg segment loss was $71.0 million, compared with segment income of $168.2 million a year earlier. Lower pricing more than offset lower outside egg purchase costs. Management said conventional shell egg pricing remains under pressure from an industry supply imbalance, and it cannot precisely predict when the market will rebalance. What's next. Management will host a conference call and webcast at 9:00 a.m. ET on September 30, 2026. A replay will be available for 30 days on the investor relations page. Prepared Foods production capacity is expected to increase more than 60% by the first half of fiscal 2028. Reaching that target would support the mix shift thesis, while continued pressure in conventional shell egg pricing would weigh on it. Browse every company OptimistFi covers at optimistfi.com/stocks, or read the latest evidence-first research. The full Cal-Maine Foods, Inc. investment case, its status and the next test to watch live on the Cal-Maine Foods, Inc. thesis page. Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.

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