Cal-Maine Foods reported a first quarter adjusted loss of $1.26 per share, far wider than the analyst consensus estimate of a loss of $0.47 per share, sending shares down 1.54% in pre-market trading. Revenue for the quarter ended August 29, 2026 totaled $539.61 million, missing the $587.8 million analyst estimate and falling 41.5% from $922.60 million a year earlier. The egg producer swung to a net loss of $58.62 million from net income of $199.34 million in the prior-year period, as an industry supply imbalance following layer flock repopulation during fiscal 2026 weighed on results. Conventional Shell Eggs sales plunged 59.5% on a 59.3% drop in average selling price per dozen, while Specialty Shell Eggs sales decreased 14.0% and Prepared Foods sales fell 13.0%. Chief executive Sherman Miller said conventional shell egg pricing remains under pressure from the supply imbalance while underlying demand stays healthy, and the company noted Specialty Shell Eggs and Prepared Foods now represent 54.1% of net sales, up from 37.1% a year earlier. Cal-Maine repurchased 66,601 shares for $5.0 million during the quarter and will not pay a dividend, with a cumulative loss of $94.5 million to be recovered before any future dividend, while production expansion projects are expected to lift Prepared Foods capacity more than 60% by the first half of fiscal 2028.
Cal-Maine Foods IncQ1 adjusted loss of $1.26/share far wider than $0.47 consensus and revenue of $539.6M missing $587.8M estimate, swinging to a $58.6M net loss.
Egg prices and sales fell sharply on an industry supply imbalance following layer flock repopulation.
