CAL-MAINE FOODS INC (CALM) FY2025 10-K Annual Report
CAL-MAINE FOODS INC (CALM) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Jul 22, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
CAL-MAINE FOODS INC FY2025 10-K Analysis
Business Overview
- • Core business model: Production, grading, packaging, marketing, and distribution of fresh shell eggs, egg products, and prepared foods
- • New ventures: Majority stake in Crepini Foods LLC for egg wraps and protein foods, MeadowCreek acquired fully for hard-cooked eggs
- • Geographic expansion: First-time operations in Maryland, New Jersey, Delaware via ISE America acquisition; expanded northeast and mid-Atlantic market reach
- • Quantitative growth: Sold ~1.3 billion dozen shell eggs, representing ~24% U.S. market share; flock size 48.3M layers and 11.5M pullets/breeders
- • Feed supply integration: Acquired Deal-Rite feed mills and retail business in North Carolina to support nearby egg production operations
Management Discussion & Analysis
- • Revenue details not directly provided; net sales increased, driving operating cash flow up to $1.2B from $451.4M YoY
- • No specific profit or margin percentages detailed in the excerpt provided
- • Best segment implied: conventional eggs with higher average selling prices and increased sales volume
- • Cash dividend payments $330.3M in fiscal 2025 vs $91.9M prior year; share repurchases $54M; capex $161.3M vs $147.1M prior year
- • Management pursuing acquisitions (ISE, Echo Lake Foods $258M post-year-end), organic growth with cage-free facility expansions
Risk Factors
- • Legal risk: $19.6M anti-trust litigation loss contingency accrued Q2 FY2024 from jury decision, reversed in FY2025
- • Macroeconomic threat: 285.5M layer hens June 1, 2025 vs 5-year average 313.1M, supply constrained by HPAI resurgence Nov 2023
- • Operational risk: Temporary production shutdowns at Chase, KS and Farwell, TX facilities in FY2024 due to HPAI outbreaks
- • Competitive risk: Increased acquisition of ISE commercial shell egg production and processing business boosting capacity in FY2025
- • Financial risk: Outside egg purchase costs up 69.9% per dozen, driven by higher shell egg prices and 27.6% increase in dozens purchased
CAL-MAINE FOODS INC FY2025 Key Financial MetricsXBRL
Revenue
$4.3B
▲ +83.2% YoY
Net Income
$1.2B
▲ +339.0% YoY
Gross Margin
43.4%
▲ +2015bp YoY
Operating Margin
36.1%
▲ +2262bp YoY
Net Margin
28.6%
▲ +1668bp YoY
ROE
47.6%
▲ +3221bp YoY
Total Assets
$3.1B
▲ +41.2% YoY
EPS (Diluted)
$24.95
▲ +338.5% YoY
Operating Cash Flow
$1.2B
▲ +171.3% YoY
Source: XBRL data from CAL-MAINE FOODS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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