In the third quarter, Cal-Maine Foods recorded earnings per share of $1.06, surpassing the analyst estimate of $0.80. This represents a decrease from $10.38 a year earlier.
The company generated revenue of $666.95 million, exceeding the analyst estimate of $641.98 million. However, this was a decline from $1.42 billion a year earlier.
Shell egg sales amounted to $572.3 million, reflecting a decrease of 57.5 percent. Conventional egg sales were $283.2 million, down 72.1 percent, while specialty egg sales stood at $289.1 million, down 12.1 percent. Prepared foods sales increased by 441.2 percent to $63.6 million.
Gross profit for the quarter was $119.3 million, with a gross profit margin of 17.9 percent. Operating income was $35.9 million, with an operating income margin of 5.4 percent.
For the third quarter of fiscal 2026, the company will distribute a cash dividend of approximately $0.36 per share to its common stockholders, payable on May 14, 2026, to holders of record on April 29, 2026.
Sherman Miller, president and chief executive officer of Cal-Maine Foods, stated, “The shell egg market in the third quarter provided an important real-time test of our strategy. Periods of egg price softness highlighted that our performance is not simply a function of spot market conditions, but of how effectively we manage mix, pricing structures, costs, and capital across the cycle.”
