Cal-Maine Foods Q3 profit falls less than expected

Cal-Maine Foods

01/04/2026 11:11

Overview

U.S. egg producer's fiscal Q3 revenue fell 53% but beat analyst expectations

EPS for fiscal Q3 beat analyst expectations

Company repurchased $24.3 mln in shares during the quarter

Outlook

Company expects prepared foods volumes to recover as capacity and utilization improve

Cal-Maine Foods anticipates more stable, higher-quality earnings over the long term

Company sees durable shifts in egg category benefiting its diversified strategy

Result Drivers

EGG PRICE DECLINE - Co said materially lower conventional and specialty egg prices drove the sharp drop in sales and profits

PREPARED FOODS GROWTH - Prepared foods sales rose sharply, mainly due to the acquisition of Echo Lake and growth from Crepini

HIGHER SUPPLY - Improved supply following prior-year avian influenza disruptions contributed to lower wholesale egg prices

Company press release: ID:nGNX4HZN7R

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$666.95 mln
$641.98 mln (4 Analysts)
Q3 EPS
Beat
$1.06
$0.8 (4 Analysts)
Q3 Net Income
$51.12 mln
Q3 Gross Margin
17.90%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the fishing & farming peer group is "buy."

Wall Street's median 12-month price target for Cal-Maine Foods Inc is $85.00, about 7.4% above its March 31 closing price of $79.15

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)