Cal-Maine Foods Inc

Latest Results (21.11.2025):

Cal‑Maine Foods Inc — fourth quarter of fiscal 2025: the company reported strong quarterly and full‑year results driven by higher volumes, specialty product mix and recent acquisitions. For Q4 FY2025 Cal‑Maine reported net sales of $1,103.7 million and net income attributable to common shareholders of $342.5 million (diluted EPS $7.04). For fiscal 2025 the company reported net sales of $4,261.9 million and net income of $1,220.0 million (diluted EPS $24.95).

Financial results (Q4 & FY2025)

Q4 net sales $1,103.7M; Q4 gross profit $531.5M and operating income $435.9M. Q4 net income attributable $342.5M (diluted EPS $7.04). FY2025 net sales $4,261.9M and FY net income attributable $1,220.0M (diluted EPS $24.95).

Sales volumes & pricing

Cal‑Maine sold 311.4 million dozen shell eggs in Q4 (up 9.0% YoY, including acquisitions). Conventional volumes 189.6M dozen; specialty reached a record 121.8M dozen (up 16.0%). Net average selling price per dozen in Q4 was $3.305 (conventional $3.784; specialty $2.559).

Costs & margins

Q4 feed cost per dozen was $0.493 (down ~2.2% YoY) while farm production costs per dozen were relatively flat vs. prior year. Cost of sales for Q4 was $572.1M and the company noted higher costs for outside egg purchases quarter‑over‑quarter due to elevated shell egg prices.

Production & capacity gains

Operational expansion helped mitigate supply constraints: average layer hen count in Q4 was up 18% vs. prior‑year quarter; breeder flocks up 48%; chicks hatched up 56%. Ongoing organic projects are expected to add ~1.1M cage‑free layer hens, ~250k pullets and contract production of 1.2M free‑range layer hens.

M&A, dividends and share repurchases

The company integrated ISE America processing assets and Deal‑Rite feed mills; announced and subsequently closed the Echo Lake Foods acquisition (closed June 2, 2025). Declared a cash dividend of approximately $114.2M (~$2.35/share). Repurchased ~$50M of common stock (551,876 shares) under a $500M program (≈$450M remaining). The company also ceased to be a “controlled company” and completed a founder‑family stock offering.

Liquidity & balance sheet

Cal‑Maine reported cash and short‑term investments of $1,392.1M and receivables of $272.4M as of the period end (additional balance sheet line items shown in the filing).

Risks and outlook

Management highlighted ongoing HPAI outbreaks as an industry risk but emphasized resilience and capacity expansion plans heading into fiscal 2026. The report contains customary forward‑looking statement cautions regarding risks and uncertainties.