NASDAQ$CALM

Cal-Maine Foods, Inc · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Cal-Maine Foods reported a strong financial and operating performance driven by robust demand and higher market prices for shell eggs.

Cal-Maine Foods reported a significant increase in net sales and net income for the second quarter of fiscal 2025, driven by robust demand for shell eggs and higher market prices. Net sales reached $954.7 million, and net income was $219.1 million, or $4.47 per diluted share. The company benefited from increased dozens sold, including a seasonal boost and sales from recent acquisitions, and managed production effectively despite supply restrictions due to avian influenza.

  • Net sales for the quarter reached $954.7 million, up from $523.2 million in the same period last year.
  • Net income was $219.1 million, or $4.47 per diluted share, compared to $17.0 million, or $0.35 per diluted share, for the second quarter of fiscal 2024.
  • Total dozens of shell eggs sold increased to 329.8 million, compared to 288.2 million in the prior-year quarter.
  • The company is expanding cage-free capacity and egg products offerings through strategic investments.

Headline financials

Total Revenue

$955M

Previous: $523M+82.5%
EPS (adj)

$4.47

Previous: $0.35+1177.1%
Capital Expenditures

-$65.6M

Previous: -$65.8M+0.3%
Net Income

$219M

Previous: $17M+1187.9%
Operating Income

$278M

Previous: $14.2M+1853.5%
Gross Profit

$356M

Previous: $91.1M+290.7%

Revenue & EPS history

Cal-Maine Foods · Revenue · Quarterly

$955M

Q2 2025+82.5%vs Q2 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

Cal-Maine Foods is focused on managing operations effectively, expanding production capacity and product mix, and providing quality products.

Tailwinds

  • Optimizing aspects of the business that can be controlled.
  • Extending leadership role in supporting the nation’s food supply.
  • Expanding shell egg production capacity and product mix.
  • Expanding egg products portfolio.
  • Leveraging existing distribution channels and extending reach in foodservice and retail marketplaces.

Headwinds

  • Significant challenges within the Company and the entire egg industry due to the ongoing outbreaks of HPAI.
  • Risks and hazards inherent in the shell egg business (including disease, pests, weather conditions and potential for recall).
  • Changes in the demand for and market prices of shell eggs and feed costs.
  • Risks relating to changes in inflation and interest rates.
  • Global instability, including as a result of the war in Ukraine, the conflicts in Israel and surrounding areas and attacks on shipping in the Red Sea.

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 Q2 2025

Historical avgQ2 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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