Cal-Maine Foods (CALM)
NASDAQ:CALM
Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.75Last Year’s EPS
7.04Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflects a company navigating a cyclical trough in commodity egg prices with substantial short‑term financial deterioration (large YoY declines in sales, margins, operating income and EPS), but also strong strategic progress: meaningful shift into specialty and prepared foods, record specialty volumes, active M&A and capacity expansion, solid liquidity and disciplined capital allocation. Management frames near‑term margin pressure in prepared foods and spot price weakness as transitional and expects recovery as new capacity and pricing structures take effect over 2027–2028.Company Guidance
Strategic Mix Shift Toward Specialty and Prepared Foods
Specialty eggs accounted for 50.5% of shell egg sales in 2026Q3 vs 24.4% a year ago; prepared foods were 9.5% of net sales vs 0.8% prior year. Specialty + prepared foods combined were 52.9% of net sales vs 24.0% prior-year quarter (first three quarters combined: 45.7% vs 28.6%).
Prepared Foods Rapid Year‑over‑Year Growth and Capacity Expansion
Prepared foods sales were $63.6M in 2026Q3, up 441.2% YoY (though down 11.2% Q‑Q). Kupini Foods sales increased 283% and management expects prepared foods capacity to increase >30% over the next 18–24 months (Echo Lake ~17M lbs scrambled capacity in FY2027, high-speed pancake line ~12M lbs, Kupini ~18M lbs via $7M investment).
Record Specialty Volumes and Relative Stability in Specialty Pricing
Specialty sales totaled $289.1M (down 12.1% YoY) with selling prices down 16.9% but volumes up 5.8%; management notes specialty pricing is largely grain-based or fixed arrangements (only ~12% tied to volatile CA market) and reported a record specialty quarter and ~6% specialty volume growth for the quarter.
Operational Production Growth
Company metrics show breeder flocks +13%, total chicks hatched +41.7%, and average number of layer hens expanded ~2%. Percentage produced-to-sold increased 3.1 percentage points to 91.5%, reducing outside egg purchases.
Strong Liquidity and Flexible Capital Allocation
Ended quarter with $1.152B cash and temporary investments, virtually debt free. Share repurchases of $24.3M in the quarter (329,830 shares) with $350.8M remaining on a $500M authorization; announced variable dividend of ~$0.36 per share.
Active, Disciplined Use of Capital
Approximately $1.0B of capital allocated over the trailing 12 months: ~38% ($384M) to dividends, ~30% ($299M) to acquisitions (Echo Lake, Clean Egg, Creighton Brothers), ~17% ($117M) to CapEx (including $35M maintenance), and ~15% (~$150M) to repurchases, demonstrating a balanced allocation approach.
Evidence of Demand Resilience
Retail egg volumes up ~3% year-to-date (through late February); foodservice beginning to recover with January traffic +1% and dollars +4%; management cites broad-based growth across value and premium segments.
Strategic M&A to Strengthen Value Chain
Acquisition of Creighton Brothers and Crystal Lake assets expands geographic scale of shell egg platform and adds nearby liquid egg capacity to support prepared foods vertical integration and supply security.
CALM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CALM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 01, 2026 | $79.15 | $83.36 | +5.32% |
Jan 07, 2026 | $78.40 | $77.14 | -1.61% |
Oct 01, 2025 | $91.83 | $90.72 | -1.21% |
Jul 22, 2025 | $99.96 | $113.75 | +13.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cal-Maine Foods (CALM) report earnings?
Cal-Maine Foods (CALM) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is Cal-Maine Foods (CALM) earnings time?
Cal-Maine Foods (CALM) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CALM EPS forecast?
CALM EPS forecast for the fiscal quarter 2026 (Q4) is 0.75.
