CAL-MAINE FOODS INC (CALM) Q4 2025 10-Q Quarterly Report

Filed: Jan 7, 2026Period ending Nov 29, 2025
Agriculture
Agricultural Prod-Livestock & Animal SpecialtiesSEC EDGAR

CAL-MAINE FOODS INC (CALM) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Jan 7, 2026 for the fiscal period ending Nov 29, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

CAL-MAINE FOODS INC Q4 2025 10-Q Analysis

Management Discussion & Analysis

  • Revenue not explicitly stated; shell egg prices dropped 26.5% YoY to $2.014/dozen in Q2 FY26 from $2.740 in Q2 FY25
  • Gross profit $207.4M in Q2 FY26 vs $356.0M in Q2 FY25; gross profit fell 41.7% YoY
  • Cage-free egg revenue 33.3% of total shell egg revenue in Q2 FY26 vs 23.4% in Q2 FY25
  • Layer hens increased 2.6% and breeder flocks 12.7% in Q2 FY26 YoY; chicks hatched up 65.1% YoY
  • Management focused on expanding cage-free capacity and ongoing efficiency projects, but Echo Lake Foods faces temporary lower volumes and higher costs through FY26

Risk Factors

  • No newly added risk factors this quarter; risk profile unchanged from 2025 Annual Report
  • Most material update: increased focus on food contamination risks from pathogens like Listeria, Salmonella Enteritidis, and pathogenic E. coli due to operational vulnerabilities
  • Regulatory risk: potential product recalls or withdrawals tied to contamination or mislabeling exposing company to federal, state, and local regulatory scrutiny
  • Operational risk: intense competition in fresh shell eggs representing 94.3%-95.3% net sales, pressuring pricing, margins, and market share near term
  • Financial risk: uncertainty of maintaining costly insurance coverage for product liability, recalls, and business interruptions poses potential unmitigated exposure

CAL-MAINE FOODS INC Q4 2025 Quarterly Financials
XBRL

Revenue

$769M

-19.4% YoY -16.6% QoQ

Net Income

$103M

-53.1% YoY -48.5% QoQ

Gross Margin

27.0%

-1034bp YoY -679bp QoQ

Operating Margin

16.1%

-1303bp YoY -1091bp QoQ

Net Margin

13.4%

-959bp YoY -825bp QoQ

ROE

3.8%

-689bp YoY

Total Assets

$3.1B

+26.3% YoY

EPS (Diluted)

$2.14

-52.2% YoY -48.1% QoQ

Operating Cash Flow

$95M

-22.8% YoY -66.0% QoQ

Source: XBRL data from CAL-MAINE FOODS INC Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.

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