Cal-Maine Foods Inc NASDAQ:CALM Price, Chart, News & Insight

NASDAQ:CALM

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.

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Global Finance News 01-07-26

Cal-Maine Foods (NASDAQ: CALM) reported the strongest first quarter in its history, with fiscal Q1 2026 net sales rising 17.4% to $922.6 million, driven by record specialty egg sales of $283.5 million, an 839% surge in prepared foods revenue to $83.9 million, and net income climbing 32.9% to $199.3 million, as CEO Sherman Miller highlighted the company’s growing scale, integration, and balanced growth strategy.

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The Investor 10-01-25

This month I added 91 CALM stock to my dividend portfolio. I bought them at $109.25. Total cost is $9,942. It closed at $100.00 on Friday, so I have an $842 loss.

Altria Group is still in the dividend portfolio. On Friday, Altria closed at 64.89. Profit is $68.83 (9.32%) in 58 days. Not bad ;)

Total value of the portfolio is $9,907. It is a 7.2% loss.

I have payments for the kids' school in the next 3 months, hope to buy more dividend stocks in 2026.

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A Dividend Journey 09-21-25

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.

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Global Finance News 07-23-25

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WS News 06-10-25

Cal-Maine Foods has completed its all-cash acquisition of Echo Lake Foods for approximately $258 million, with an expected tax benefit reducing the effective purchase price to around $230 million. Echo Lake Foods, which generated about $240 million in revenue in 2024, specializes in ready-to-eat egg products and breakfast foods. The deal is strategically aimed at diversifying Cal-Maine’s product portfolio, expanding customer relationships, and reducing earnings volatility.

The acquisition is anticipated to generate $15 million in annual synergies and be accretive to EPS by mid-single digits in fiscal year 2026. Echo Lake’s leadership, including Kathy Brodhagen, will join Cal-Maine. Goldman Sachs served as financial advisor and Sidley Austin as legal counsel.

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The Investor 06-03-25

Cal-Maine Foods Announces Completion of Secondary Offering and $50 Million Share Repurchase

RIDGELAND, Miss. – Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced the successful completion of a secondary offering and an associated share repurchase agreement, according to a recent SEC filing.

Secondary Offering Details
On April 17, 2025, 2,978,740 shares of Cal-Maine’s common stock were sold at a public offering price of $92.75 per share. The offering was conducted by Goldman Sachs & Co. LLC and involved shares held by five individuals affiliated with the founding family of the company, including the daughters of late founder Fred R. Adams, Jr. and Adolphus B. Baker, the current Board Chair.

Cal-Maine did not issue any new shares nor did it receive any proceeds from this offering.

Company Share Repurchase
In a parallel transaction, Cal-Maine repurchased 551,876 shares from the same selling shareholders at the same price as the underwriter’s purchase—totaling approximately $50 million. The repurchase was executed under the Company’s $500 million share repurchase program initiated in February 2025. Following this transaction, $450 million remains authorized under the program.

The repurchase was approved by a special committee of Cal-Maine’s Board composed entirely of independent and disinterested directors.

Legal and Regulatory Filings
The offering was made under Cal-Maine’s automatic shelf registration statement (File No. 333-286548). The company also filed the underwriting and stock repurchase agreements as well as a legal opinion from Sidley Austin LLP as exhibits to the Form 8-K.

Strategic Context
These transactions reflect continued strategic capital management by Cal-Maine Foods, enabling long-term shareholders to exit while the company simultaneously returns capital to investors. The repurchase was structured to be non-dilutive and fully aligned with shareholder interests.

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ME NEWS 04-18-25

Cal-Maine Foods Ends Dual-Class Share Structure, No Longer a Controlled Company

Cal-Maine Foods, Inc. (NASDAQ: CALM) has completed the conversion of all its Class A shares into common stock, effectively eliminating its dual-class equity structure. The 4.8 million Class A shares, which carried ten votes per share, were converted on a one-for-one basis into common stock carrying one vote per share, reducing the company’s authorized capital accordingly.

This strategic move, executed under a prior agreement with DLNL, LLC and its members, marks the end of Cal-Maine’s “controlled company” status under Nasdaq rules. The change does not impact shareholder economic rights, as both share classes were previously entitled to the same dividends and liquidation preferences.

Following the conversion, the company filed a Certificate of Retirement and a Fourth Amended and Restated Certificate of Incorporation with the Delaware Secretary of State, formally removing references to Class A shares from its charter. No shareholder vote was required for this amendment, and no new voting bloc gained control as a result.

Cal-Maine emphasized that the conversion represents a dissipation of control rather than a traditional change in control, maintaining continuity in management and operations.

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ME NEWS 04-17-25

Cal-Maine Foods Posts Record Q3 Earnings, to Acquire Echo Lake Foods for $258M

RIDGELAND, Miss. — Cal-Maine Foods, Inc. (NASDAQ: CALM), the nation’s largest producer of fresh shell eggs, reported strong financial results for its third quarter of fiscal 2025 and announced a definitive agreement to acquire ready-to-eat egg product maker Echo Lake Foods, Inc.

Q3 Fiscal 2025 Highlights
Net sales surged to $1.4 billion, nearly doubling from $703.1 million in Q3 FY24.

Net income rose to $508.5 million, or $10.38 per diluted share, up from $3.00 a year earlier.

A record 331.4 million dozen eggs were sold, up 10.2% year-over-year, amid strong consumer demand and HPAI-related supply disruptions.

The average selling price per dozen rose to $4.06, compared with $2.25 in the prior-year quarter.

Feed costs per dozen declined by 9.6%, contributing to improved margins.

President and CEO Sherman Miller credited the quarter’s success to efficient operations during continued volatility caused by Highly Pathogenic Avian Influenza (HPAI). He emphasized that Cal-Maine’s scale, recent acquisitions, and focus on customer service helped mitigate supply constraints.

The company also approved a $500 million share repurchase program and declared a $3.46 per share dividend, in line with its one-third net income dividend policy.

Echo Lake Foods Acquisition
Cal-Maine signed a definitive agreement to acquire Wisconsin-based Echo Lake Foods for $258 million in cash. Echo Lake, known for its ready-to-eat egg products and breakfast foods like omelets, egg patties, and waffles, generated $240 million in revenue in 2024 with a five-year CAGR of 10%.

Key strategic benefits of the acquisition include:

Expansion into the value-added egg product market, offering higher stability and margin potential.

Synergies across procurement and operations.

Expected earnings accretion starting in fiscal 2026 and long-term ROE above the company’s cost of capital.

Echo Lake will continue operating as a standalone business, led by current CEO Kathy Brodhagen, who will join Cal-Maine as President of Echo Lake Foods.

Looking Ahead
Despite HPAI concerns—including over 32.9 million layer hens lost in early 2025—the USDA’s recent $1 billion support initiative is seen as a positive step. Cal-Maine emphasized continued investment in biosecurity, with over $70 million spent since 2015, and plans to add over 2 million hens and pullets through ongoing expansion.

Miller concluded, “While eggs remain our core business, this acquisition enhances our long-term growth, diversifies revenue streams, and provides greater supply chain resilience. We’re excited to welcome Echo Lake’s team into the Cal-Maine family.”

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ME NEWS 04-09-25

Cal-Maine Foods, Inc. announced that its board of directors approved an agreement with the family of its late founder, Fred R. Adams, Jr., regarding the potential conversion of Class A shares into common stock. The agreement follows the family's interest in diversifying their financial portfolios, which could result in the company losing its "controlled company" status under Nasdaq rules.

Under the agreement, if the family chooses to convert its Class A shares, it must convert all of them simultaneously, reducing its voting power from 53.2% to 12%. The agreement does not require the conversion or sale of shares but facilitates an orderly transition if it occurs.

Additionally, Cal-Maine Foods adopted a Third Amended and Restated Certificate of Incorporation and amended its bylaws to reflect governance changes, including board classification, restrictions on stockholder actions, and the introduction of preferred stock.

The board also approved a $500 million share repurchase program, allowing the company to buy back common stock in open market or private transactions. The repurchase program does not obligate the company to buy a specific amount and may be modified or discontinued at any time.

A press release was issued on February 25, 2025, detailing these changes.

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European Investor 02-26-25

03-07-26WS Investor

01-07-26Global Finance News

04-09-25Global Finance News

03-14-25European Investor

02-06-25WS Investor

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