Cal-Maine Foods falls after co swings to quarterly loss on decline in egg prices

Cal-Maine Foods

22/07/2026 15:19

Updates
   ** Shares of egg supplier Cal-Maine Foods CALM.O down as much as 7.6% at $80.59 in early trading
** Co swings to loss in fourth quarter following a sharp decline in egg prices as the industry moved from supply shortages last year to oversupply
** CALM posts quarterly loss of 76 cents per share, after profit of $7.1 per share a year ago; Analysts estimate a profit of 8 cents per share - LSEG
** Co reports Q4 revenue of $552.6 million, missing analysts estimates of $563.8 million
** During the quarter, industry oversupply drove wholesale shell egg prices to historically low inflation-adjusted levels - CEO Sherman Miller 
** CALM's prepared foods production capacity projected to rise over 60% from end of fiscal 2026 to first half of fiscal 2028
** Last month, U.S. Justice Department and a coalition of 17 states reached a settlement with Cal-Maine Foods and two other major egg producers over an investigation into alleged manipulation of egg prices
**  As of last close, stock up about 10% YTD

 (Reporting by Shania S Thomas in Bengaluru)
 ((shanias.thomas@thomsonreuters.com))