NASDAQ$CALM

Cal-Maine Foods, Inc · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Cal-Maine Foods' first quarter of fiscal year 2025 marked a strong start, driven by favorable demand and higher market prices for shell eggs, offset by a decline in the national egg supply due to avian influenza.

Cal-Maine Foods reported a strong first quarter for fiscal year 2025, with increased net sales and net income compared to the same period last year. The company benefited from favorable demand and higher market prices for shell eggs, despite a decline in the national egg supply.

  • Net sales for the quarter reached $785.9 million, up from $459.3 million in the prior year.
  • Net income for the quarter was $150.0 million, or $3.06 per diluted share, a significant increase from $926,000, or $0.02 per diluted share, in the same quarter last year.
  • Total dozens of shell eggs sold increased to 310.0 million, compared to 273.1 million in the first quarter of fiscal 2024.
  • The company experienced lower farm production costs per dozen, driven by more favorable commodity pricing for key feed ingredients.

Headline financials

Total Revenue

$786M

Previous: $459M+71.1%
EPS

$3.06

Previous: $0.02+15200.0%
Capital Expenditures

-$35.8M

Previous: -$26.7M-34.2%
Free Cash Flow

$114M

Previous: -$25.7M+543.7%
Net Income

$150M

Previous: $926K+16096.1%
Operating Income

$187M

Previous: -$6.76M+2866.9%
Gross Profit

$247M

Previous: $45.4M+444.1%

Revenue & EPS history

Cal-Maine Foods · Revenue · Quarterly

$786M

Q1 2025+71.1%vs Q1 2024
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Cal-Maine Foods · $445M total across 2 segments · Q1 2024

  • Conventional Eggs
    $226M-50.6%
  • Specialty Eggs
    $219M+9.2%

Forward guidance

The company is focused on meeting the needs of its valued customers with quality products and outstanding support and service and looks forward to the opportunities ahead for Cal-Maine Foods.

Tailwinds

  • The company is expanding its capacity, including cage-free and other specialty egg production.
  • The company is making investments in innovative, scale-driven products and facilities.
  • The company has identified opportunities to enhance its product portfolio through strategic acquisitions and joint ventures.
  • The company has a strong balance sheet.
  • The company has a disciplined capital allocation strategy that supports its growth objectives.

Headwinds

  • Outbreaks of HPAI have continued to occur in U.S. poultry flocks.
  • The extent of possible future outbreaks, with heightened risk during the migration seasons, and more recent HPAI events, which have been directly linked to dairy cattle operations, cannot be predicted.
  • Uncertain external forces including weather patterns and global supply chain disruptions could cause price volatility.
  • The company experienced HPAI outbreaks within Company facilities located in Kansas and Texas, resulting in total depopulation of approximately 3.1 million laying hens and 577,000 pullets.
  • Hurricane Helene made landfall in the southeastern United States, including areas where Cal-Maine Foods has operations and contract farmers, and the company is still evaluating the impact of the storm on its people, birds, facilities and operations.

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 2025

Historical avgQ1 2025

-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

Earnings price reactions
QuarterReport dateReaction (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%

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