Cal-Maine Foods Q3 net income falls 90.1% to $50.5 million as egg prices drop
Cal-Maine Foods reported fiscal third-quarter 2026 results for the period ended February 28, 2026, with net sales down 53.0% to $667.0 million and net income attributable to the company down 90.1% to $50.5 million. Management attributed the decline mainly to much lower egg prices compared with the prior year, and the filing gives no updated numeric guidance, so shareholders face a sharply weaker quarter.
Key points
- Net sales of $667.0 million, down 53.0%; conventional egg sales fell 72.1% with 70.1% lower selling prices
- Net income attributable to Cal-Maine Foods of $50.5 million, down 90.1%; diluted EPS of $1.06 versus $10.38 a year earlier
- The company repurchased 329,830 shares for $24.3 million in the quarter; $350.8 million remains under its $500 million authorization
- Cash dividend of about $0.36 per share, payable May 14, 2026 to holders of record on April 29, 2026
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.