NASDAQ$CALM
Cal-Maine Foods, Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Reported a net loss due to challenging market conditions amidst the COVID-19 pandemic, but saw increased retail demand and higher specialty egg sales.
Cal-Maine Foods reported a net loss of $19.4 million for the first quarter of fiscal 2021, despite a 21.4% increase in net sales to $292.8 million. The results reflect continued challenging market conditions due to the COVID-19 pandemic, with volatile egg prices and decreased food service demand impacting profitability. However, retail demand remained strong, and specialty egg sales increased.
- Net sales increased by 21.4% to $292.8 million compared to the first quarter of fiscal 2020.
- The company reported a net loss of $19.4 million, or $0.40 per basic and diluted share.
- Total dozens sold were up 3.8% due to strong retail demand, offsetting lower food service demand.
- Specialty egg sales totaled $129.2 million, representing 45.2% of egg sales revenue.
Headline financials
Revenue & EPS history
Cal-Maine Foods · Revenue · Quarterly
$293M
Revenue by segment
Cal-Maine Foods · $129M total across 1 segment · Q1 2021
- Specialty Eggs$129M+16.2%100.0%
Forward guidance
The company remains focused on managing operations efficiently and sustainably, while continuing to pursue its growth strategy and expand its specialty egg business.
Tailwinds
- Overall demand is expected to improve as food service sales return to pre-COVID-19 levels.
- Current supplies of corn and soybeans are favorable, and the company believes it will continue to have an adequate supply of both grains in fiscal 2021.
- The company is working with customers to ensure a smooth transition in meeting their goals for cage-free egg supply.
- Cal-Maine Foods has donated over 900,000 dozen eggs in the first quarter of 2021 to provide food assistance.
- The company will continue to pursue its growth strategy and the further expansion of our specialty egg business.
Headwinds
- Market prices for eggs remained volatile over the first quarter and decreased overall compared to prices at the end of fiscal 2020.
- Demand from food service customers is still well below pre-quarantine levels, which is believed to have constrained the price of shell eggs in the retail market.
- Current ongoing uncertainties and supply chain disruptions related to the COVID-19 outbreak may lead to further price volatility.
- Weather fluctuations may lead to further price volatility.
- Geopolitical issues surrounding trade agreements and international tariffs may lead to further price volatility.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
-0.7%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-0.0%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+11.0%
Q3 2014
Best reaction
-16.6%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -0.1% | -0.3% | — | |
| Q2 2026 | -1.6% | -6.6% | +4.4% | |
| Q1 2026 | -1.1% | -1.4% | -6.7% | |
| Q4 2025 | +0.8% | +3.9% | +5.9% | |
| Q3 2025 | +2.5% | +9.3% | +1.0% | |
| Q2 2025 | -0.0% | -2.7% | +3.8% | |
| Q1 2025 | +0.8% | +13.0% | +17.3% | |
| Q4 2024 | +3.7% | +9.8% | +11.7% | |
| Q3 2024 | +4.3% | +7.4% | -1.8% | |
| Q2 2024 | -0.7% | -2.5% | +0.5% | |
| Q1 2024 | -7.3% | -3.2% | +4.6% | |
| Q4 2023 | +0.5% | +2.4% | +4.1% | |
| Q3 2023 | +4.9% | +10.2% | -12.9% | |
| Q2 2023 | -16.6% | -14.6% | -13.7% | |
| Q1 2023 | +1.1% | -6.9% | -6.0% | |
| Q4 2022 | +0.3% | +1.5% | +5.3% | |
| Q3 2022 | +3.0% | +14.5% | +7.7% | |
| Q2 2022 | -1.8% | +0.2% | +5.1% | |
| Q1 2022 | +0.3% | -2.4% | +1.0% | |
| Q4 2021 | -2.7% | -3.0% | -1.5% | |
| Q3 2021 | -3.5% | -4.1% | -7.9% | |
| Q2 2021 | +3.1% | +2.1% | +4.2% | |
| Q1 2021 | -1.0% | -1.4% | -0.1% | |
| Q4 2020 | -0.5% | -0.4% | -6.7% | |
| Q3 2020 | +3.7% | -4.5% | +1.5% | |
| Q2 2020 | -10.2% | -9.9% | -13.6% | |
| Q1 2020 | -13.9% | -16.4% | -11.5% | |
| Q4 2019 | +0.3% | -0.8% | +5.6% | |
| Q3 2019 | -5.9% | -5.8% | -7.5% | |
| Q2 2019 | -1.3% | -0.6% | +1.4% | |
| Q1 2019 | -9.6% | -8.1% | +0.8% | |
| Q4 2018 | -2.1% | -2.1% | +8.6% | |
| Q3 2018 | +5.1% | +6.9% | +7.1% | |
| Q2 2018 | -0.3% | -0.1% | -6.1% | |
| Q1 2018 | +5.8% | +3.0% | +6.6% | |
| Q4 2017 | -0.1% | +3.4% | -6.1% | |
| Q3 2017 | +0.5% | -1.5% | +3.6% | |
| Q2 2017 | +5.3% | +6.4% | +1.9% | |
| Q1 2017 | -3.2% | -8.6% | -11.3% | |
| Q4 2016 | -5.4% | -8.1% | -2.1% | |
| Q3 2016 | +6.5% | — | — | |
| Q2 2016 | +1.5% | — | — | |
| Q1 2016 | -9.9% | — | — | |
| Q4 2015 | -0.7% | — | — | |
| Q3 2015 | -0.1% | — | — | |
| Q2 2015 | -3.3% | — | — | |
| Q1 2015 | +4.5% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | +11.0% | — | — | |
| Q2 2014 | -0.0% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | +1.0% | — | — | |
| Q3 2013 | +0.1% | — | — | |
| Q2 2013 | -6.0% | — | — | |
| Q1 2013 | +2.7% | — | — | |
| Q2 2012 | -0.2% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2012 | +3.4% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q3 2011 | -0.2% | — | — | |
| Q2 2011 | +1.0% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q1 2012 | -2.1% | — | — | |
| Q3 2010 | -3.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro