---
schema_version: "secwatch.filing_event.v1"
accession: "0001562762-23-000358"
form_type: "8-K"
ticker: "CALM"
cik: "0000016160"
company_name: "CAL-MAINE FOODS INC"
filed_at: "2023-10-03T23:59:59+00:00"
generated_at: "2026-06-10T05:31:54.220589+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cal-Maine Q1 net income plunges to $926K from $125.3M YoY; announces Utah acquisition

## Summary
- Net sales of $459.3M vs $658.3M a year ago; net income $926K ($0.02/diluted share) vs $125.3M ($2.57).
- Operating loss of $6.8M compared to operating income of $163.9M in prior-year quarter.
- Conventional egg net avg selling price fell to $1.241/doz from $2.368; specialty eggs rose to $2.278.
- Cash dividend of ~$0.006/share payable Nov 16, 2023 to holders of record Nov 1, 2023.
- Signed definitive agreement to acquire Fassio Egg Farms assets (1.2M laying hens, cage-free) in Utah; close expected in Q2 FY2024.

## SEC filing metadata
- accession: 0001562762-23-000358
- form_type: 8-K
- ticker: CALM
- cik: 0000016160
- company_name: CAL-MAINE FOODS INC
- filed_at: 2023-10-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16160/000156276223000358/0001562762-23-000358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16160/000156276223000358/calm8k20231003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001562762-23-000358
- JSON: https://secwatch.observer/filing/0001562762-23-000358.json
- Plain text: https://secwatch.observer/filing/0001562762-23-000358.txt

## Key facts
- Earnings Releases
  CAL-MAINE FOODS INC reported first quarter ended September 2, 2023 results: revenue $459.3 million, net income $926,000, EPS $0.02 per basic and diluted common share.
  - Period: first quarter ended September 2, 2023
  - Revenue: $459.3 million
  - Net income: $926,000
  - EPS: $0.02 per basic and diluted common share
  - Result: reported results
  source text: First Quarter Fiscal Year 2024 Highlights ● Quarterly net sales of $459.3 million ● Quarterly net income of $926,000 or $0.02 per basic and diluted common share ● Net average selling price for specialty eggs increased 8.4 percent quarter-over-quarter ● Cash dividend of $294,000, or $0.006 per share, pursuant to the Company’s established dividend policy Overview Sherman Miller, president and chief executive officer of Cal-Maine Foods, Inc., stated, “Our results for the first quarter of fiscal 2024 reflect the current dynamic market conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/16160/000156276223000358/0001562762-23-000358-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.