Cal-Maine Posts Q4 Loss, Unveils $54 Million Prepared Foods Expansion
Updated
Updated · The Manila Times · Jul 22
Cal-Maine Posts Q4 Loss, Unveils $54 Million Prepared Foods Expansion
3 articles · Updated · The Manila Times · Jul 22
Summary
Cal-Maine swung to a fourth-quarter net loss of $35.9 million, or $0.76 a share, from profit of $342.5 million a year earlier as net sales fell 49.9% to $552.6 million.
Historically low wholesale egg prices driven by industry oversupply crushed results, with conventional shell egg sales dropping to $210.8 million as average prices fell 70.9% despite a 3.1% volume increase.
Prepared Foods and specialty eggs partly cushioned the downturn: Prepared Foods reached 10.9% of quarterly sales, and together with Specialty Shell Eggs accounted for 53.0% of net sales.
After year-end, Cal-Maine bought additional Eggland’s Best franchise territory in the Northeast and announced a $54 million prepared-foods investment expected to add about 30% capacity starting in fiscal 2028.
The company also shifted to three reportable segments—Conventional Shell Eggs, Specialty Shell Eggs and Prepared Foods—as it pushes to diversify earnings away from volatile shell-egg pricing.