Egg producer Cal-Maine misses Q1 revenue, EPS estimates

Cal-Maine Foods

01/10/2025 11:12

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Overview

Cal-Maine fiscal Q1 net sales rise 17.4% yr/yr but miss analyst expectations

EPS for fiscal Q1 misses consensus

Net income for fiscal Q1 rises 32.9% but misses analyst estimates

Outlook

Cal-Maine Foods sees long-term growth in specialty eggs and prepared foods

Cal-Maine Foods plans $14.8 mln investment in pancake production line

Company highlights strong balance sheet for potential M&A opportunities

Result Drivers

SPECIALTY EGGS - Sales rose 10.4% due to increased volume and higher prices

PREPARED FOODS - Sales surged 839.1%, driven by Echo Lake Foods acquisition

CONVENTIONAL EGGS - Sales grew 4.4% primarily due to higher selling prices

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$922.60 mln
$960.30 mln (3 Analysts)
Q1 EPS
Miss
$4.12
$5.1 (3 Analysts)
Q1 Net Income
Miss
$199.11 mln
$259.20 mln (2 Analysts)
Q1 Gross Margin
33.7%
Q1 Operating income
Miss
$249.18 mln
$308.30 mln (3 Analysts)
Q1 Gross Profit
$311.31 mln
Q1 Pretax Profit
$263.26 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "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 $106.50, about 11.6% above its September 30 closing price of $94.10

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNXbRG0kf

(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.)