# EDGAR Filing Document

**Accession Number:** 0000016160
**File Stem:** 0001562762-26-000044
**Filing Date:** 2026-4
**Character Count:** 22184
**Document Hash:** 8628bd9a79dfb8fc46f4be9762c82f85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562762-26-000044.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001562762-26-000044

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260401

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAL-MAINE FOODS INC
- **CENTRAL INDEX KEY:** 0000016160
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE PRODUCTION - LIVESTOCK & ANIMAL SPECIALTIES [0200]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 640500378
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0530

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38695
- **FILM NUMBER:** 26824548

**BUSINESS ADDRESS:**
- **STREET 1:** 1052 HIGHLAND COLONY PKWY
- **STREET 2:** SUITE 200
- **CITY:** RIDGELAND
- **STATE:** MS
- **ZIP:** 39157
- **BUSINESS PHONE:** 6019486813

**MAIL ADDRESS:**
- **STREET 1:** 1052 HIGHLAND COLONY PKWY
- **STREET 2:** SUITE 200
- **CITY:** RIDGELAND
- **STATE:** MS
- **ZIP:** 39157

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAL MAINE FOODS INC
- **DATE OF NAME CHANGE:** 19961018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHICKEN CHEF SYSTEMS INC
- **DATE OF NAME CHANGE:** 19710315

?xml version='1.0' encoding='ASCII'? 8k20260401

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM

8-K

#### CURRENT REPORT

#### Pursuant to Section 13 or 15(d) of the Securities Exchange Act
Date of Report (Date of Earliest Event Reported):

April 1, 2026

#### Cal-Maine Foods, Inc.
(Exact name of registrant as specified in its charter)

Delaware

001-38695

64-0500378

(State or other jurisdiction of

incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1052 Highland Colony Pkwy

,

Suite 200

,

Ridgeland

,

MS

39157

(Address of principal executive offices (zip code))

601

-

948-6813

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions (see General Instruction A.2 below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value per share

CALM

The

NASDAQ

Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of

1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period

for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange

Act.

☐

#### Item 2.02. Results of Operations
On April 1, 2026, Cal-Maine Foods, Inc. (the "Company") issued a press release announcing its financial results for the third

quarter ended February 28, 2026. A copy of the Company's press release is attached hereto as Exhibit 99.1 to this Current

Report.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 of this Current Report on Form 8-K,

including Exhibit 99.1 hereto, which are furnished herewith pursuant to and relate to this Item 2.02, shall not be deemed "filed"

for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise be subject

to the liabilities of Section 18 of the Exchange Act. The information in this Item 2.02 of this Current Report on Form 8-K and

Exhibit 99.1 hereto shall not be incorporated by reference into any filing or other document filed by the Company with the SEC

pursuant to the Securities Act of 1933, as amended, the rules and regulations of the SEC thereunder, the Exchange Act, or the

rules and regulations of the SEC thereunder except as shall be expressly set forth by specific reference to this Form 8-K in such

filing or document.

#### Item 9.01. Financial Statements and Exhibits
(d) Exhibits

Exhibit

Number

Description

[99.1](exhibit991.htm)

[Press Release issued by the Company on April 1, 2026](exhibit991.htm)

Cover Page Interactive Data File, (embedded within the Inline XBRL document)

#### SIGNATURES
Pursuant to the requirements for the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on

its behalf by the undersigned hereunto duly authorized.

#### CAL-MAINE FOODS, INC.
Date:

April 1, 2026

By:

/s/ Max P. Bowman

Max P. Bowman

Director, Vice President, and Chief Financial Officer

## Exhibit 99.1

![exhibit991p1i0](exhibit991p1i0.gif)

#### Press Release

#### Cal-Maine Foods Reports Third Quarter Fiscal 2026 Results
RIDGELAND, Miss., Apr . 1, 2026 – Cal-Maine Foods, Inc. (NASDAQ: CALM) ("Cal-Maine Foods,"

"we," "us," "our" or the "company"), the largest egg company in the United States and a leading player in

the egg-based food industry, today reported results for its fiscal 2026 third quarter, ended February 28, 2026

.

Unless otherwise indicated, all comparisons are to the comparable period of fiscal 2025.

#### Strategic Execution Highlights
● Continued focus on sales diversification and mix shift, expected to strengthen earnings durability and

predictability over time

● In the third quarter of fiscal 2026:

o

Specialty eggs sales increased to 50.5% of total shell egg sales, up 2,610 basis points

o

Prepared foods accounted for 9.5% of net sales, up 870 basis points

o

Combined, specialty eggs and prepared foods accounted for 52.9% of net sales, up 2,890 basis

points

● In the first three quarters of fiscal 2026:

o

Specialty eggs increased to 42.7% of total shell egg sales, up 1,350 basis points

o

Prepared foods accounted for 9.3% of net sales, up 830 basis points

o

Combined, specialty eggs and prepared foods accounted for 45.7% of net sales, up 1,710 basis

points

● Subsequent to third quarter, acquired certain assets of Creighton Brothers LLC and its affiliates,

increasing integration across value chain

#### Third Quarter Fiscal 2026 Highlights
● Net sales of $667.0 million, down 53.0%

o

Shell egg sales of $572.3 million, down 57.5%

◾

Conventional egg sales of $283.2 million, down 72.1%

◾

Specialty egg sales of $289.1 million, down 12.1%

◾

Average number of layer hens and breeding flock grew 2.0% and 13.0%, respectively

and total chicks hatched rose 41.7%

o

Prepared foods sales of $63.6 million, up 441.2%

● Gross profit of $119.3 million, down 83.3%, and gross profit margin of 17.9%

● Operating income of $35.9 million, down 94.3%, and operating income margin of 5.4%

● Net income attributable to Cal-Maine Foods of $50.5 million, down 90.1%

● Diluted earnings per share of $1.06, down 89.8%

● Net cash flow from operations of $103.6 million, down 81.9%

● Cash dividend of approximately $16.8 million, or approximately $0.36 per share, pursuant to the

company's established dividend policy

#### First Three Quarters of Fiscal 2026 Highlights
● Net sales of $2.4 billion, down 25.3%

o

Shell egg sales of $2.0 billion, down 32.8%

◾

Conventional egg sales of $1.2 billion, down 45.6%

◾

Specialty egg sales of $858.3 million, down 1.6%

◾

Average number of layer hens and breeding flock grew 4.6% and 18.5%, respectively

and total chicks hatched rose 59.6%

● Prepared foods sales of $219.2 million, up 604.1%

● Gross profit of $638.0 million, down 51.6%, and gross profit margin of 27.0%

● Operating income of $409.0 million, down 62.8%, and operating income margin of 17.2%

● Net income attributable to Cal-Maine Foods of $352.6 million, down 59.8%

● Diluted earnings per share of $7.34, down 59.0%

● Net cash flow from operations of $476.9 million, down 41.2%

#### Commentary
"The shell egg market in the third quarter provided an important real-time test of our strategy. Periods of

egg price softness highlighted that our performance is not simply a function of spot market conditions, but

of how effectively we manage mix, pricing structures, costs, and capital across the cycle. Despite materially

lower egg prices compared to the historic levels seen in the prior year, our diversified portfolio and

operational execution enabled us to deliver solid results and maintain momentum. In our view, this

reinforces the resilience of the model we are building that we expect will lead to more durable normalized

earnings power" said Sherman Miller, president and chief executive officer of Cal-Maine Foods.

He continued, "We believe the recent decline in wholesale egg prices reflects improved supply following

prior-year HPAI disruptions, during our last fiscal quarter, depopulations reported by the USDA were down

70.6% and the average national layer flock increased 2.2%, year over year. In parallel, more stable

purchasing patterns across retail and foodservice have contributed to lower wholesale prices, while retail

pricing continues to adjust more gradually."

"At the same time, we continue to invest in strengthening the long-term structure of the business. The

acquisition of certain assets of Creighton Brothers and Crystal Lake advances several elements of our

strategy simultaneously: expanding the scale and geographic reach of our shell egg platform, increasing

internal sourcing capabilities for egg-based ingredients, and enhancing our ability to support the growth of

our prepared foods business. By integrating shell egg production, egg products, and prepared foods more

tightly within our value chain, we believe we can improve supply security, increase operational efficiency,

and reinforce the economics of our prepared foods platform. Deploying capital into assets that deepen these

structural advantages is central to our disciplined capital allocation framework," Mr. Miller said.

#### Review of Financial Results

#### 13 Weeks Ended
(in thousands)

#### February 28, 2026

#### March 1, 2025

#### $ Variance

#### % Variance
Net sales

$

666,951

$

1,417,685

$

(750,734)

(53.0)

%

Conventional egg sales

$

283,173

$

1,016,438

$

(733,265)

(72.1)

%

Conventional egg price per dozen

$

(70.1)

%

Conventional sales volume

(6.7)

%

Specialty egg sales

$

289,141

$

328,944

$

(39,803)

(12.1)

%

Specialty egg price per dozen

$

(16.9)

%

Specialty egg sales volume

5.8 %

Prepared foods sales

$

63,626

$

11,757

$

51,869

441.2 %

Gross profit

$

119,283

$

716,115

$

(596,832)

(83.3)

%

#### Third Quarter Fiscal 2026 Results Overview
Net sales were $667.0 million, compared to $1.4 billion, down 53.0%.

Conventional egg sales decreased 72.1%, with 70.1% lower selling prices and 6.7% lower sales volume. A

higher proportion of conventional egg sales were executed under hybrid pricing models, supporting greater

stability through cycles.

Specialty egg sales decreased 12.1%, with 16.9% lower selling prices and 5.8% higher sales volume. Volume

growth was broad-based across the majority of specialty egg subcategories, including free-range and

pasture-raised.

Prepared foods sales were $63.6 million, up 441.2%, with a 834.3% volume increase. The acquisition of

Echo Lake was the primary driver of the increased prepared foods sales volume as well as a ninefold increase

from Crepini.

Gross profit was $119.3 million, compared to $716.1 million, down 83.3%, primarily driven by 56.5% lower

shell egg selling prices partially offset by a decrease in the price and volume of outside egg purchases, as

the percent produced to sold increased 3.1 percentage points to 91.5%.

#### Outlook
"Looking forward, we expect a progressive recovery in prepared foods, with volumes rebounding as

capacity comes online and utilization improves, supported by steady underlying demand. Importantly, these

dynamics position the business for more stable, higher-quality earnings over the long term," Mr. Miller said.

"We believe Cal-Maine Foods is well positioned to benefit from durable shifts shaping the egg category.

Our strategy is designed to strengthen the quality and consistency of our earnings over time. By building on

the structural strength of our core shell egg platform while expanding specialty eggs, egg products, and

prepared foods, we are enhancing the resilience and diversification of our business. The progress we are

seeing across the portfolio reflects the effectiveness of this strategy —improving mix, deepening customer

partnerships, reinforcing operational efficiency, and strengthening the long-term economics of our model,

positioning Cal-Maine Foods for sustainable growth and long-term value creation," he concluded.

#### Share Repurchase Update
Cal-Maine Foods repurchased 329,830 shares of its common stock under the company's current share

repurchase authorization during the quarter for a total of $24.3 million. The repurchase program permits the

company to repurchase up to $500 million, of which $350.8 million remains available.

#### Dividend Payment
For the third quarter of fiscal 2026, Cal-Maine Foods will pay a cash dividend of approximately $0.36 per

share to holders of its common stock, pursuant to the company's variable dividend policy. The dividend is

payable on May 14, 2026, to holders of record on April 29, 2026. The final amount paid per share will be

based on the number of outstanding shares on the record date.

#### Conference Call and Webcast
Management will host a conference call and webcast at 9:00 a.m. ET on April 1, 2026. Participants can

access the live webcast on the Investor Relations page of the Cal-Maine Foods website at

https://www.calmainefoods.com/events -presentations. To join by telephone, participants can register here.

Upon registration, participants will receive a confirmation email with detailed instructions, including a dial-

in number, unique passcode, and registrant ID. A replay of the webcast will be available for 30 days

following the call on the Investor Relations page of the Cal-Maine Foods website at

https://www.calmainefoods.com/events -presentations.

#### About Cal-Maine Foods
Cal-Maine Foods, Inc. (NASDAQ: CALM) is the largest egg company in the United States and a leading

player in the egg-based food industry. With a strong national footprint, Cal-Maine Foods provides nutritious,

affordable, and sustainable protein to millions of households every day.

The company's portfolio spans the full egg value ladder—from conventional to specialty, including cage-

free, organic, brown, free-range, pasture-raised, and nutritionally enhanced—serving both retail and

foodservice customers nationwide. Cal -Maine Foods also participates in the growing prepared foods sector,

with offerings such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked

eggs, pancakes, waffles, and specialty wraps. Its branded portfolio includes Eggland's Best®, Land

O'Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Sunny Meadow®, MeadowCreek Foods®, and

Crepini®.

Headquartered in Ridgeland, Mississippi, Cal -Maine's strategy combines scale, operational excellence, and

financial discipline with a commitment to innovation and sustainability, to enable the company to deliver

trusted nutrition, enduring partnerships, and long-term value for its stakeholders.

#### Forward Looking Statements
Statements contained in this press release that are not historical facts are forward -looking statements as that

term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are

based on management's current intent, belief, expectations, estimates and projections regarding our

Company and our industry. These statements are not guarantees of future performance and involve risks,

uncertainties, assumptions and other factors that are difficult to predict and may be beyond our control. The

factors that could cause actual results to differ materially from those projected in the forward-looking

statements include, among others, (i) the risk factors set forth the company's SEC Filings (including its

Annual Report on Form 10-K, as updated in Part II Item 1A of the company's quarterly reports on Form 10-

Q and Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg, egg products, and

prepared foods operations (including, as applicable, disease, pests, weather conditions, and potential for

product recall), including but not limited to the current outbreak of HPAI affecting poultry in the U.S.,

Canada and other countries that was first detected in commercial flocks in the U.S. in February 2022 and

that impacted our flocks in the third and fourth quarters of fiscal 2024 and again in March 2026 (iii) changes

in the demand for and market prices of shell eggs and feed costs as well as increase in input costs for

prepared foods, (iv) our ability to predict and meet demand for cage-free and other specialty eggs, (v) risks,

changes, or obligations that could result from our recent or future acquisition of new flocks or businesses,

such as our acquisition of Echo Lake Foods completed June 2, 2025, and risks or changes that may cause

conditions to completing a pending acquisition not to be met, (vi) our ability to successfully integrate and

manage recently acquired businesses like Echo Lake Foods and realize the expected benefits of such

acquisitions, including synergies, cost savings, reduction in earnings volatility, margin expansion, financial

returns, expanded customer relationships, or sales or growth opportunities, (vii) our ability to compete

effectively with existing and new market entrants, retain existing customers, acquire new customers and

grow our product mix including our prepared foods product offerings, (viii) the impacts of government,

customer and consumer reactions to high market prices for eggs, including, without limitation, potential

new or expanded government regulations (ix) potential impacts to our business as a result of our Company

ceasing to be a "controlled company" under the rules of The Nasdaq Stock Market on April 14, 2025, (x)

risks relating to potential changes in inflation, interest rates and trade and tariff policies, (xi) adverse results

in pending litigation and other legal matters, and (xii) global instability, including as a result of geopolitical

conflicts and uncertainties. The Company's SEC filings may be obtained from the SEC or the company's

website, www.calmainefoods.com. Readers are cautioned not to place undue reliance on forward -looking

statements because, while we believe the assumptions on which the forward-looking statements are based

are reasonable, there can be no assurance that these forward -looking statements will prove to be accurate.

Further, forward -looking statements included herein are made only as of the respective dates thereof, or if

no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any intent or

obligation to update publicly these forward-looking statements, whether because of new information, future

events, or otherwise.

#### CAL-MAINE FOODS, INC. AND SUBSIDIARIES

#### FINANCIAL HIGHLIGHTS
(Unaudited)

(In thousands, except per share amounts)

#### SUMMARY STATEMENTS OF INCOME

#### 13 Weeks Ended

#### 39 Weeks Ended

#### February 28, 2026

#### March 1, 2025

#### February 28, 2026

#### March 1, 2025
Net sales

$

666,951

$

1,417,685

$

2,359,051

$

3,158,227

Cost of sales

547,668

701,570

1,721,068

1,838,852

Gross profit

119,283

716,115

637,983

1,319,375

Selling, general and administrative

83,304

79,967

235,705

219,532

(Gain) Loss on involuntary conversions

(480) -

(7,968)

(Gain) loss on disposal of fixed assets

515

1,249

(1,001)

Operating income

35,944

635,670

408,997

1,100,688

Other income, net

22,242

27,359

48,533

49,255

Income before income taxes

58,186

663,029

457,530

1,149,943

Income tax expense

7,068

154,876

104,378

273,841

Net income

51,118

508,153

353,152

876,102

Less: Income (loss) attributable to

noncontrolling interest

659

(380) 594

(1,471)

Net income attributable to Cal-Maine

Foods, Inc.

$

50,459

$

508,533

$

352,558

$

877,573

Net income per common share:

Basic

$

1.07 $

10.42 $

7.37 $

17.99 Diluted

$

1.06 $

10.38 $

7.34 $

17.92 Weighted average shares outstanding:

Basic

47,299

48,798

47,866

48,774

Diluted

47,414

48,971

48,003

48,962

#### CAL-MAINE FOODS, INC. AND SUBSIDIARIES

#### FINANCIAL HIGHLIGHTS
(Unaudited)

(In thousands)

#### SUMMARY BALANCE SHEETS

#### February 28, 2026

#### May 31, 2025
ASSETS

Cash and short-term investments

$

1,151,927

$

1,392,100

Receivables, net

234,898

272,361

Inventories, net

348,910

295,670

Prepaid expenses and other current assets

13,751

7,979

Current assets

1,749,486

1,968,110

Property, plant and equipment, net

1,221,162

1,026,684

Other noncurrent assets

168,613

89,825

Total assets

$

3,139,261

$

3,084,619

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$

196,137

$

194,208

Dividends payable

16,841

114,163

Current liabilities

212,978

308,371

Deferred income taxes and other liabilities

219,151

210,233

Stockholders' equity

2,707,132

2,566,015

Total liabilities and stockholders' equity

$

3,139,261

$

3,084,619

#### Contacts
Investors: ir@cmfoods.com

Media: media@cmfoods.com

Telephone: (601) 948-6813