•
Mar 01

Cal-Maine Foods Q3 2025 Earnings Report

Cal-Maine Foods reported strong Q3 2025 results, achieving record net sales and income amid continued tight egg supply and high seasonal demand.

Key Takeaways

The company delivered exceptional quarterly performance, driven by increased production capacity, high demand, and strategic acquisitions. Net sales doubled year-over-year, with EPS more than tripling.

Achieved record net sales of $1.4 billion and net income of $508.5 million.

Sold 331.4 million dozen eggs, a 10.2% increase YoY.

Signed agreement to acquire Echo Lake Foods for $258 million.

Declared $3.46 per share dividend and approved $500 million share repurchase program.

Total Revenue
$1.42B
Previous year: $703M
+101.6%
EPS
$10.4
Previous year: $3
+246.0%
Avg Selling Price
$4.06
Previous year: $2.25
+80.7%
Specialty Dozens Sold
118.15M
Previous year: 108.6M
+8.8%
Specialty Sales Revenue
$346M
Previous year: $272M
+27.0%
Gross Profit
$716M
Previous year: $219M
+227.6%
Cash and Equivalents
$1.24B
Previous year: $695M
+78.5%
Total Assets
$3.08B
Previous year: $2.13B
+44.4%

Cal-Maine Foods

Cal-Maine Foods

Cal-Maine Foods Revenue by Segment

Cal-Maine Foods Revenue by Geographic Location

Forward Guidance

Cal-Maine remains focused on expanding capacity, mitigating HPAI impact, and completing the Echo Lake Foods acquisition while navigating regulatory and supply chain challenges.

Positive Outlook

  • Expected completion of expansion projects in 2025 adding 1.1 million cage-free hens.
  • New Dexter, Missouri facility to contribute 1.2 million free-range hens.
  • Integration of recent acquisitions enhancing production capacity.
  • Strong USDA support for biosecurity and vaccine research.
  • Echo Lake acquisition expected to be accretive by fiscal 2026.

Challenges Ahead

  • Continued HPAI outbreaks pose operational risks.
  • Uncertainty surrounding DOJ antitrust investigation.
  • Volatile market pricing and consumer demand shifts.
  • Integration risks with Echo Lake and related costs.
  • Ongoing inflationary pressure on production inputs.