Sep 30, 6:07 AM ET
Cal-Maine Foods reported a net loss attributable to the company of $58.6 million, or $1.26 per diluted share, for the first quarter ended August 29, 2026, compared with net income of $199.3 million, or $4.12 per diluted share, a year earlier. Net sales fell 41.5% to $539.6 million, mainly because conventional shell egg prices dropped sharply, and the company will pay no cash dividend for the quarter.
- Net sales were $539.6 million, down from $922.6 million, a decrease of 41.5%.
- Operating loss was $82.2 million, compared with operating income of $249.2 million a year earlier.
- Conventional Shell Eggs segment loss was $71.0 million, with average selling price per dozen down 59.3%.
- No cash dividend for the quarter; cumulative loss to recover before a future dividend was $94.5 million as of August 29, 2026.
Read the filing on SEC.gov ↗
Sep 2, 4:40 PM ET
Cal-Maine Foods entered a Second Amended and Restated Credit Agreement dated August 31, 2026, with BMO Bank N.A. as administrative agent, providing a senior unsecured revolving credit facility of up to $250 million. As of September 1, 2026, nothing had been borrowed under the facility and $5.9 million in standby letters of credit had been issued, and the facility matures August 31, 2031. The filing does not describe a new borrowing, but it sets the terms under which the company can borrow, including covenants that limit dividends and share repurchases.
- Revolver of up to $250 million, with a $25 million sublimit for standby letters of credit and a $25 million sublimit for swingline loans
- No amounts borrowed as of September 1, 2026; $5.9 million in standby letters of credit issued
- Five-year term maturing August 31, 2031; amends and restates the credit agreement dated November 15, 2021
- Covenants include a maximum Total Funded Debt to Capitalization Ratio of 50% tested quarterly and a minimum Tangible Net Worth of $1.5 billion plus 50% of consolidated net income (if positive) less permitted restricted payments
Read the filing on SEC.gov ↗
Jul 22, 6:07 AM ET
Cal-Maine Foods reported a fourth-quarter fiscal 2026 net loss attributable to the company of $35.9 million, or $0.76 per diluted share, compared with net income of $342.5 million, or $7.01 per diluted share, a year earlier. Net sales fell 49.9% to $552.6 million as industry oversupply drove wholesale shell egg prices to historically low inflation-adjusted levels, and the company did not declare a Q4 dividend.
- Q4 net sales of $552.6 million, down 49.9% from $1.10 billion; Q4 operating loss of $58.8 million
- Fiscal 2026 diluted EPS of $6.63, down from $24.95; fiscal year net sales of $2.91 billion, down 31.7%
- Conventional Shell Eggs operating loss of $40.6 million in Q4; Prepared Foods operating income of $8.8 million
- New $54 million investment to expand Prepared Foods capacity by about 30%, beginning in the first half of fiscal 2028
Read the filing on SEC.gov ↗
Jun 23, 4:56 PM ET
Cal-Maine Foods increased its board from eight to ten directors on June 23, 2026, and appointed Haley R. Fisackerly and Michael J. Highfield as independent directors. The filing says the board is now seven independent directors out of ten, and both new directors will join the Compensation, Audit, and Nominating and Corporate Governance Committees. The appointments are a governance change rather than a financial result, and the filing reports no earnings or guidance figures.
- Board increased from eight to ten directors; Fisackerly (Class II, term to 2026 annual meeting) and Highfield (Class III, term to 2027 annual meeting)
- Each new director receives a $45,000 annual fee and a restricted stock award with a target grant date value of $100,000, vesting 100% on January 12, 2029
- Fisackerly is President and CEO of Entergy Mississippi, LLC; Highfield is Provost and Executive Vice President of Mississippi Christian University
Read the filing on SEC.gov ↗
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