earnings
confidence high
sentiment negative
materiality 0.85
Cal-Maine Q1 FY2027 net loss $58.6M, EPS -$1.26 as conventional egg prices fall 59.3%
CAL-MAINE FOODS INC
2027-Q1 EPS reported
-$1.26
revenue$539,607,000
- Net sales fell 41.5% to $539.6M from $922.6M; net loss attributable to Cal-Maine was $58.6M (-$1.26 diluted EPS) vs $199.3M income ($4.12) a year earlier.
- Conventional Shell Eggs swung to a $71.0M operating loss from $168.2M income, as average selling price per dozen dropped 59.3% while volume was roughly flat (-0.7%).
- Specialty Shell Eggs income fell to $14.9M from $64.2M (volume -3.8%, price -10.7%); Prepared Foods income $7.8M vs $13.2M (pounds -19.3%, price +7.9%).
- No Q1 FY2027 dividend under the variable policy; $94.5M cumulative loss must be recovered before future payouts. Bought back 66,601 shares for $5.0M, $315.7M left of $500M.
- Acquired more Eggland's Best franchise territory in the Northeast; Prepared Foods capacity targeted to grow over 60% by the first half of fiscal 2028.