Global Finance News
07 Jan 2026, 18:24
Cal-Maine Foods reported sharply lower second-quarter fiscal 2026 results as egg prices declined, while highlighting rapid growth in prepared foods and specialty eggs as part of its long-term diversification strategy.
Net sales fell 19.4% year over year to $769.5 million, driven by a 28.1% drop in shell egg sales amid significantly lower prices. Net income declined 53.1% to $102.8 million, with diluted earnings per share falling to $2.13. Despite the pressure on conventional egg pricing, prepared foods sales surged to $71.7 million from $10.4 million a year earlier, supported by the Echo Lake Foods acquisition, while specialty eggs showed resilience with stable volumes.
For the first half of fiscal 2026, net sales slipped 2.8% to $1.69 billion, but prepared foods revenue jumped more than sevenfold and specialty eggs increased their share of total sales. Management said ongoing investments to expand prepared foods capacity and specialty egg production are expected to support more stable, higher-quality earnings over time. The company also announced a quarterly cash dividend of about $0.72 per share and disclosed $74.8 million in share repurchases during the quarter.
Net sales fell 19.4% year over year to $769.5 million, driven by a 28.1% drop in shell egg sales amid significantly lower prices. Net income declined 53.1% to $102.8 million, with diluted earnings per share falling to $2.13. Despite the pressure on conventional egg pricing, prepared foods sales surged to $71.7 million from $10.4 million a year earlier, supported by the Echo Lake Foods acquisition, while specialty eggs showed resilience with stable volumes.
For the first half of fiscal 2026, net sales slipped 2.8% to $1.69 billion, but prepared foods revenue jumped more than sevenfold and specialty eggs increased their share of total sales. Management said ongoing investments to expand prepared foods capacity and specialty egg production are expected to support more stable, higher-quality earnings over time. The company also announced a quarterly cash dividend of about $0.72 per share and disclosed $74.8 million in share repurchases during the quarter.