Cal-Maine Foods Q4 & Fiscal 2025 Results: Record Annual Profit Driven by Higher Egg Prices and Strong Demand

Cal-Maine Foods (NASDAQ: CALM) reported robust financial performance for the fourth quarter and full fiscal year 2025, driven by significantly higher egg prices, strong demand, and expanded production capacity.

Q4 2025 Highlights (YoY):
• Net sales: $1.1 billion (up from $640.8 million)
• Net income: $342.5 million (vs. $113.2 million)
• Diluted EPS: $7.04 (vs. $2.32)
• Shell eggs sold: 311.4 million dozen (+9.0%)
• Specialty egg volume: 121.8 million dozen (+16.0%)
• Average selling price per dozen: $3.305 (vs. $2.133)

Fiscal Year 2025 Highlights:
• Total revenue: $4.3 billion (up from $2.3 billion in FY24)
• Net income: $1.2 billion (vs. $277.9 million)

• Diluted EPS: $24.95 (vs. $5.69)
Operational Growth:
• 18% increase in average number of layer hens
• 56% increase in chicks hatched
• Major ongoing expansion projects to add 1.1 million cage-free hens and 1.2 million free-range hens
• Integration of acquired facilities from ISE America and Deal-Rite Feeds
Strategic Expansion:
• Closed acquisition of Echo Lake Foods on June 2, expanding into prepared food products
• Purchased $50M of shares under its repurchase program; $450M remains authorized

Leadership Comments:
CEO Sherman Miller highlighted the company’s successful navigation of a dynamic market, effective execution of growth strategy, and the significance of the Echo Lake acquisition in diversifying product offerings. CFO Max Bowman emphasized efficient cost management and strategic investments to meet heightened demand.

Outlook:
Cal-Maine anticipates continued expansion in production and market reach, while remaining focused on operational excellence and supply chain efficiency amid fluctuating commodity and market conditions.