Shares of Cal-Maine Foods (NASDAQ:CALM), the largest egg producer in the U.S., dropped more than 2% in premarket trading after the company reported first-quarter earnings that came in below analyst forecasts.
The company posted Q1 earnings of $4.12 per share, missing expectations of $4.65. Revenue for the quarter reached $922.6 million, up 17.4% compared with the same period last year, slightly above the consensus estimate of $920.9 million.
Cal-Maine described the results as its strongest first quarter on record. Shell egg sales rose 6.5% to $789.4 million, while revenue from prepared foods jumped to $83.9 million from $8.9 million a year ago, representing more than an eightfold increase.
“We delivered our strongest first quarter in company history, aided by higher specialty egg sales, the expansion of our prepared foods platform, and supported by solid performance in conventional eggs,” said Sherman Miller, president and CEO of Cal-Maine Foods.
“Cal-Maine Foods enters fiscal 2026 from a position of strength and is a uniquely attractive combination of both value and growth in today’s food sector,” he added.
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