Cal-Maine Foods, the largest U.S. egg producer, saw its shares fall more than 2% in premarket trading after it reported worse-than-expected earnings for the fiscal first quarter.
The company posted first-quarter earnings of $4.12 per share, falling short of analysts’ expectations of $4.65. Quarterly revenue totaled $922.6 million, up 17.4% year-over-year, and slightly ahead of the $920.9 million consensus forecast.
Cal-Maine said this was its strongest first quarter ever.
Shell egg sales rose 6.5% during the period to $789.4 million, while prepared foods revenue surged to $83.9 million from $8.9 million a year earlier, marking an increase of more than eightfold.
“We delivered our strongest first quarter in company history, aided by higher specialty egg sales, the expansion of our prepared foods platform, and supported by solid performance in conventional eggs," said Sherman Miller, president and CEO of Cal-Maine Foods.
"Cal-Maine Foods enters fiscal 2026 from a position of strength and is a uniquely attractive combination of both value and growth in today’s food sector,” he added.
Source :
https://www.investing.com/news/earnings/calmaine-foods-stock-dips-on-firstquarter-profit-miss-4265693
