Q1 26 EPS
$4.12
MISS 22.99%
Est. $5.35
Q1 26 Revenue
$922.6M
MISS 3.13%
Est. $952.4M
vs S&P Since Q1 26
-23.4%
TRAILING MARKET
CALM -11.8% vs S&P +11.6%
Market Reaction
Did CALM Beat Earnings? Q1 2026 Results
Cal-Maine Foods delivered what management called the strongest first quarter in company history, yet Wall Street walked away disappointed, as diluted EPS of $4.12 fell short of the $5.35 consensus estimate by 22.99% and revenue of $922.60 million mis… Read more Cal-Maine Foods delivered what management called the strongest first quarter in company history, yet Wall Street walked away disappointed, as diluted EPS of $4.12 fell short of the $5.35 consensus estimate by 22.99% and revenue of $922.60 million missed expectations by 3.13%, even as sales climbed 17.4% year over year. The headline miss masked a genuinely robust operating quarter: the June 2025 acquisition of Echo Lake Foods was the single most transformative factor, propelling the prepared foods segment to $83.90 million from just $8.90 million a year ago and pushing specialty eggs and prepared foods to nearly 40% of net sales combined. Shell egg pricing held firm as the national table-egg flock continues recovering from HPAI at levels still below historical norms, a dynamic that management expects to sustain favorable pricing ahead. With a $14.80 million investment in new pancake production capacity underway and an active M&A pipeline, Cal-Maine is clearly positioning specialty and value-added categories as the primary drivers of long-term growth, even as near-term earnings set a high bar for analysts to recalibrate.
Key Takeaways
- • 3.9% higher shell egg selling prices
- • 7.5% growth in specialty egg sales volume
- • 4.3% lower feed costs
- • Echo Lake Foods acquisition contributing $70.5 million in sales
- • Ongoing consumer mix shift toward specialty eggs
- • Double-digit growth in cage-free and pasture-raised categories
- • Breeder flocks grew 46%, total chicks hatched rose 77%, average layer hens expanded 10%
CALM YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
CALM Revenue by Segment
With YoY comparisons, source: SEC Filings
“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. 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.”
— Sherman Miller, Q1 2026 Earnings Press Release
CALM Earnings Trends
CALM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CALM EPS Trend
Earnings per share: estimate vs actual
CALM Revenue Trend
Quarterly revenue: estimate vs actual
CALM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $0.78 | $1.06 | +35.90% | $667.0M | +3.81% |
| Q2 26 BEAT | $2.01 | $2.13 | +6.23% | $769.5M | -6.88% |
| Q1 26 MISS | $5.35 | $4.12 | -22.99% | $922.6M | -3.13% |
| Q4 25 BEAT FY | $5.29 | $7.04 | +33.21% | $1.10B | +25.84% |
| FY Full Year | $23.21 | $24.95 | +7.52% | $4.26B | +5.65% |
| Q3 25 MISS | $10.75 | $10.38 | -3.44% | $1.42B | -0.78% |