Aug 2026 (Q1 FY27) — Sep 30, 2026
Cal-Maine Foods Q1 FY27 — Conventional Egg Oversupply Weighs on Results Amidst Strategic Prepared Foods Expansion
Read the full callCal-Maine Foods earnings: last reported Wed, 30 Sep 2026, for the quarter ended Aug 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 540 | −41.5% YoY | Quarterly, as filed | Quarter to Aug 2026 | Revenue from operations as filed. |
| Operating margin | -15.2 | −42.2 pts YoY | Operating profit / revenue | Quarter to Aug 2026 | For the quarter; a change is in percentage points. |
| Net profit | -58.6 | −129.4% YoY | Quarterly, as filed | Quarter to Aug 2026 | Profit after tax as filed. |
Guidance
1 of 2 judged targets kept · 6 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Conventional egg pricing | slight improvement over Q4 | May 2026 | Price realization for external customers, which we define as our average conventional shell egg selling price relative to the daily average Urner-Barry Southeast market price was 99% in FY '27 quarter 1 compared with 101% in FY '26 quarter 4. | Missed |
| Crepini Foods production capacity | add 18 million pounds | Nov 2025 | In Crepini, our investment is expected to add approximately 180 million pounds of additional production capacity progressively through fiscal 2028. | Revised Up |
| Echo Lake Foods volumes and costs | lower volumes and higher costs | Nov 2025 | we called out that the third quarter would be kind of the low point for doing that as we're optimizing production in those plants. | Achieved |
1 of CAL-MAINE FOODS INC's 8 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 5 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $91.15 on 22 Oct 2025 → $62.6. High $93.5 (29 Jul 2026), low $60.61 (21 Oct 2026).
Overview
Guidance
1 of 2 judged targets kept · 6 open · verdicts reflect calls analysed to Aug 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Conventional egg pricing | slight improvement over Q4 | May 2026 | Price realization for external customers, which we define as our average conventional shell egg selling price relative to the daily average Urner-Barry Southeast market price was 99% in FY '27 quarter 1 compared with 101% in FY '26 quarter 4. | Missed |
| Crepini Foods production capacity | add 18 million pounds | Nov 2025 | In Crepini, our investment is expected to add approximately 180 million pounds of additional production capacity progressively through fiscal 2028. | Revised Up |
| Echo Lake Foods volumes and costs | lower volumes and higher costs | Nov 2025 | we called out that the third quarter would be kind of the low point for doing that as we're optimizing production in those plants. | Achieved |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 8 tracked commitments, with each call’s wording and source.
Call summaries
Cal-Maine Foods Q1 FY27 — Conventional Egg Oversupply Weighs on Results Amidst Strategic Prepared Foods Expansion
Read the full callCal-Maine Foods Q4 FY26 — Strategic Diversification Amidst Challenging Conventional Egg Market
Read the full callCal-Maine Foods Q3 FY26 — Strategic Shift to Specialty and Prepared Foods Amidst Market Softness
Read the full callNews
From the news desk, item by item, hours after each call.
Every analysed call
Financials
Net profit, year on year: −129% (quarter to aug 2026 against aug 2025).
| Line item | Nov 2024 | Mar 2025 | May 2025 | Aug 2025 | Nov 2025 | Feb 2026 | May 2026 | Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 955 | 1,418 | 1,104 | 923 | 769 | 667 | 553 | 540 |
| Operating profit | 278 | 636 | 436 | 249 | 124 | 36 | -59 | -82 |
| Operating margin | 29.1% | 44.8% | 39.5% | 27.0% | 16.1% | 5.4% | −10.6% | −15.2% |
| Other income | 11 | 27 | 17 | 14 | 12 | 22 | 12 | 8 |
| Profit before tax | 289 | 663 | 453 | 263 | 136 | 58 | -47 | -74 |
| Tax rate | 24.4% | 23.4% | 24.5% | 24.4% | 24.4% | 12.2% | 24.7% | 24.3% |
| Net profit | 219 | 509 | 342 | 199 | 103 | 50 | -36 | -59 |
| EPS ($ per share) | 4.49 | 10.42 | — | 4.13 | 2.14 | 1.07 | — | -1.26 |
| Line item | Jun 2019 | May 2020 | May 2021 | May 2022 | Jun 2023 | Jun 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | — | — | — | — | — | — | 1 | 1 |
| Reserves | 955 | 975 | 976 | 1,066 | 1,571 | 1,756 | 2,566 | 2,765 |
| Total liabilities | 166 | 197 | 216 | 323 | 345 | 388 | 519 | 467 |
| Fixed assets | 455 | 557 | 589 | 678 | 745 | 857 | 1,027 | 1,318 |
| Total assets | 1,156 | 1,207 | 1,229 | 1,427 | 1,955 | 2,185 | 3,085 | 3,108 |
| Line item | Jun 2019 | May 2020 | May 2021 | May 2022 | Jun 2023 | Jun 2024 | May 2025 | May 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 115 | 74 | 26 | 126 | 863 | 451 | 1,225 | 480 |
| Cash from investing | -48 | -61 | -44 | -117 | -375 | -413 | -575 | -504 |
| Cash from financing | -46 | -3 | -3 | -7 | -254 | -94 | -387 | -363 |
| Capital expenditure | -68 | -124 | -95 | -72 | -137 | -147 | -161 | -151 |
| Free cash flow | 47 | -51 | -69 | 54 | 726 | 304 | 1,063 | 329 |
23 filings between Jan 12, 2026 and Jun 23, 2026.
Nobody bought or sold CALM on the open market in this window. The filings below are 16 awards and 7 tax withholdings.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jun 23, 2026 | Highfield Michael J OUTSIDE DIRECTOR | Award | 1,301 | $0 |
| Jun 23, 2026 | FISACKERLY HALEY Director | Award | 1,301 | $0 |
| Apr 17, 2026 | Wooley Dudley D OUTSIDE DIRECTOR | Award | 1,284 | $0 |
| Jan 13, 2026 | Holladay Robert L Jr VP - General Counsel | Tax withheld | 781 | $56.6K |
| Jan 13, 2026 | Hull Scott Daniel Vice President - Sales | Tax withheld | 463 | $33.5K |
| Jan 13, 2026 | Walters Michael Todd COO | Tax withheld | 455 | $33.0K |
| Jan 13, 2026 | BOWMAN MAX P Vice President, CFO, Sec/Treas | Tax withheld | 903 | $65.4K |
| Jan 13, 2026 | Glover Matthew Samuel Vice President - Accounting | Tax withheld | 455 | $33.0K |
| Jan 13, 2026 | Miller Sherman PRESIDENT & CEO | Tax withheld | 1,097 | $79.5K |
| Jan 13, 2026 | BAKER ADOLPHUS B Board Chair | Tax withheld | 761 | $55.1K |
| Jan 12, 2026 | Young Camille S Director | Award | 1,310 | $0 |
| Jan 12, 2026 | Sanders Steve W Director | Award | 1,310 | $0 |
| Jan 12, 2026 | Poole James E Director | Award | 1,310 | $0 |
| Jan 12, 2026 | BAKER ADOLPHUS B Board Chair | Award | 1,310 | $0 |
| Jan 12, 2026 | BOWMAN MAX P Vice President, CFO, Sec/Treas | Award | 2,432 | $0 |
| Jan 12, 2026 | Glover Matthew Samuel Vice President - Accounting | Award | 784 | $0 |
| Jan 12, 2026 | Holladay Robert L Jr VP - General Counsel | Award | 2,176 | $0 |
| Jan 12, 2026 | HUGHES LETITIA CALLENDER Director | Award | 1,310 | $0 |
| Jan 12, 2026 | Walters Michael Todd COO | Award | 2,688 | $0 |
| Jan 12, 2026 | Miller Sherman PRESIDENT & CEO | Award | 4,097 | $0 |
| Jan 12, 2026 | Lombardo Keira L Chief Strategy Officer | Award | 1,310 | $0 |
| Jan 12, 2026 | Hull Scott Daniel Vice President - Sales | Award | 784 | $0 |
| Jan 12, 2026 | Boulden Melanie Director | Award | 1,310 | $0 |
| Oct 2, 2025 | Lombardo Keira L Chief Strategy Officer | Purchase | 267 | $24.7K |
| Oct 2, 2025 | Lombardo Keira L Chief Strategy Officer | Purchase | 110 | $10.2K |
| Oct 2, 2025 | Lombardo Keira L Chief Strategy Officer | Purchase | 1,823 | $168.4K |
| Oct 2, 2025 | Lombardo Keira L Chief Strategy Officer | Purchase | 500 | $46.1K |
| Oct 2, 2025 | Lombardo Keira L Chief Strategy Officer | Purchase | 100 | $9.2K |
| Aug 22, 2025 | BAKER ADOLPHUS B Board Chair | Gift | 60,000 | $0 |
| Aug 22, 2025 | BAKER ADOLPHUS B Board Chair | Gift | 70,000 | $0 |
| Aug 22, 2025 | BAKER ADOLPHUS B Board Chair | Gift | 70,000 | $0 |
| Aug 11, 2025 | Lombardo Keira L Chief Strategy Officer | Award | 938 | $0 |
| Aug 11, 2025 | Boulden Melanie Director | Award | 938 | $0 |
| Apr 17, 2025 | BAKER ADOLPHUS B Board Chair | Sale | 140,266 | $12.71M |
| Apr 17, 2025 | BAKER ADOLPHUS B Board Chair | Sale | 1,147,350 | $103.95M |
| Apr 14, 2025 | DLNL, LLC 10% owner | Conversion | 3,490,755 | — |
| Apr 14, 2025 | DLNL, LLC 10% owner | Other | 4,578,711 | $0 |
| Apr 14, 2025 | BAKER ADOLPHUS B Board Chair | Conversion | 1,309,245 | — |
| Apr 14, 2025 | BAKER ADOLPHUS B Board Chair | Conversion | 3,490,755 | — |
| Apr 14, 2025 | BAKER ADOLPHUS B Board Chair | Other | 4,578,711 | $0 |
| Jan 14, 2025 | Young Camille S Director | Award | 982 | $0 |
| Jan 14, 2025 | Sanders Steve W Director | Sale | 750 | $82.5K |
| Jan 14, 2025 | HUGHES LETITIA CALLENDER Director | Sale | 809 | $89.0K |
| Jan 14, 2025 | HUGHES LETITIA CALLENDER Director | Award | 982 | $0 |
| Jan 14, 2025 | Young Camille S Director | Sale | 909 | $100.0K |
| Jan 14, 2025 | Sanders Steve W Director | Award | 982 | $0 |
| Jan 14, 2025 | Poole James E Director | Sale | 909 | $100.0K |
| Jan 14, 2025 | Poole James E Director | Award | 982 | $0 |
| Jan 14, 2025 | Walters Michael Todd COO | Tax withheld | 596 | $65.5K |
| Jan 14, 2025 | Walters Michael Todd COO | Award | 1,056 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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