# EDGAR Filing Document

**Accession Number:** 0000016160
**File Stem:** 0001562762-26-000002
**Filing Date:** 2026-1
**Character Count:** 21901
**Document Hash:** 59a14e62c8377d606b948e78e184dff8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562762-26-000002.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001562762-26-000002

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260107

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

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**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:** 26513904

**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'? 8k20260107

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):

January 7, 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 January 7, 2026, Cal-Maine Foods, Inc. (the "Company") issued a press release announcing its financial results for the

second quarter ended November 29, 2025. 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 January 7, 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:

January 7, 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 Second Quarter Fiscal 2026 Results
RIDGELAND, Miss., Jan. 7, 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 second quarter, ended November 29,

2025. 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

o

In the second quarter of fiscal 2026

◾

Shell egg sales represented 84.4% of total net sales, down 1,030 basis points

◾

Specialty eggs drove a greater portion of shell egg sales, accounting for 44.0% of total

shell egg sales, up 1,230 basis points

◾

Specialty eggs and prepared foods combined accounted for 46.4% of net sales, up 1,520

basis points

◾

Announced a $36 million investment to centralize and expand prepared foods production,

increasing capacity by over 30% in the next two years to support long-term growth in

high-protein, ready-to-eat products

◾

Acquired Clean Egg, LLC production assets expanding specialty, free-range egg capacity

to support local sourcing, capture accelerating market growth, and optimize supply chain

o

In the first half of fiscal 2026

◾

Shell egg sales represented 85.0% of total net sales, down 950 basis points

◾

Specialty eggs drove a greater portion of shell egg sales, accounting for 39.6% of total

shell egg sales, up 660 basis points

◾

Specialty eggs and prepared foods combined accounted for 42.8% of net sales, up 1,040

basis points

#### Second Quarter Fiscal 2026 Highlights
● Net sales of $769.5 million, down 19.4%

o

Shell egg sales of $649.6 million, down 28.1%

◾

Conventional egg sales of $363.9 million, down 41.0%

◾

Specialty egg sales of $285.7 million, down 0.4%

◾

Breeder flocks grew 12.7%, total chicks hatched rose 65.1%, and the average number of

layer hens expanded 2.6%

o

Prepared foods sales of $71.7 million versus $10.4 million, up 586.4%

◾

Sales down 14.5% sequentially due to short-term production decline during Echo Lake

remodeling and expansion projects

● Gross profit of $207.4 million, down 41.8%, and gross profit margin of 27.0%

● Operating income of $123.9 million, down 55.5%, and operating income margin of 16.1%

● Net income attributable to Cal-Maine Foods of $102.8 million, down 53.1%

● Diluted earnings per share of $2.13, down 52.3%

● Net cash flow from operations of $94.8 million, down 22.8%

● Cash dividend of approximately $34.3 million, or approximately $0.72 per share, pursuant to the

company's established dividend policy

#### First Half of Fiscal 2026 Highlights
● Net sales of $1.692 billion, down 2.8%

o

Shell egg sales of $1.439 billion, down 12.5%

◾

Conventional egg sales of $869.8 million, down 21.0%

◾

Specialty egg sales of $569.2 million, up 4.7%

◾

Breeder flocks grew 21.6%, total chicks hatched rose 71.0%, and the average number of

layer hens expanded 6.0%

● Prepared foods sales of $155.6 million versus $19.4 million, up 702.9%

● Gross profit of $518.7 million, down 14.0%, and gross profit margin of 30.7%

● Operating income of $373.1 million, down 19.8%, and operating income margin of 22.1%

● Net income attributable to Cal-Maine Foods of $302.1 million, down 18.1%

● Diluted earnings per share of $6.26, down 17.0%

● Net cash flow from operations of $373.4 million, up 55.5%

#### Commentary
"Despite the impact of eggs prices, we believe our performance in the second quarter and first half of the

fiscal year demonstrates strength and momentum. We delivered solid results compared to a prior year

marked by supply-demand imbalances and historic price levels. With lower egg prices, our increasingly

diversified business model, paired with disciplined execution, proved to be a source of resilience. In our

view, this positions us as a rare combination of value and growth —an advantage poised to strengthen over

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

He continued, "Our specialty egg business maintained strong prices and volumes in the quarter and achieved

higher sales dollars and volume in the first half of the fiscal year. With our recently announced expansions,

we are positioning our prepared foods business to deliver sustained double -digit volume growth."

"We expect the ongoing sales mix shift across our portfolio, visible throughout the first half of the fiscal

year, will enhance the durability and predictability of our earnings over time. This reflects the deliberate

execution of our long -term strategy, and our results reinforce the strength of that approach as we continue

to deliver operational and financial excellence," Mr. Miller said.

#### Second Quarter Fiscal 2026 Results Overview
Net sales were $769.5 million, compared to $954.7 million, down 19.4%.

Total shell egg sales decreased 28.1%, with 26.5% lower selling prices and 2.2% lower sales volume.

Conventional egg sales decreased 41.0%, with 38.8% lower selling prices and 3.6% lower sales volume.

Specialty egg sales decreased 0.4%, with 0.8% lower selling prices and 0.3% higher sales volume. Prepared

foods sales were $71.7 million, compared to $10.4 million in fiscal 2025 second quarter, up 586.4%, and

compared to $83.9 million in fiscal 2026 first quarter, down 14.5%. Echo Lake Foods contributed $56.6

million in sales in fiscal 2026 second quarter, compared to $70.5 million in sales in fiscal 2026 first quarter.

Gross profit was $207.4 million, compared to $356.0 million, down 41.8%, primarily driven by 26.5% lower

shell egg selling prices and 2.2% lower shell egg sales volume, partially offset by lower egg prices for

outside purchases and a 3% increase in percent produced to sold, as well as contributions from prepared

foods.

#### First Half of Fiscal 2026 Results Overview
Net sales were $1.692 billion, compared to $1.741 billion, down 2.8%.

Total shell egg sales decreased 12.5%, with 0.1% higher sales volume and 12.6% lower selling prices.

Conventional egg sales decreased 21.0%, with 19.4% lower selling prices and 2.0% lower sales volume.

Specialty egg sales increased 4.7%, with 3.8% higher sales volume and 0.8% higher selling prices. Prepared

foods sales were $155.6 million, compared to $19.4 million, up 702.9%. Echo Lake Foods contributed

$127.1 million in sales.

Gross profit was $518.7 million, compared to $603.3 million, down 14.0%, primarily driven by 12.6% lower

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

dozens produced increased 3.1%, as well as contributions from prepared foods.

#### Looking Forward
"Cal-Maine is systematically advancing a structural upgrade in the egg category from a position of strength.

While the market has long viewed us as a pure commodity business, we are focused on becoming a higher-

value, more stable earnings platform as consumer demand shifts toward specialty, premium, and convenient

protein solutions. Our core shell-egg business provides a durable foundation, while specialty eggs, more

hybrid pricing arrangements, and prepared foods are driving sales mix improvement, deeper customer

engagement, and a higher earnings floor with more predictable and resilient results. This is not a pivot—it

is a disciplined evolution of an essential food business into a more diversified platform with multiple growth

engines and opportunity for improved long-term earnings visibility," Mr. Miller concluded.

#### Share Repurchase Update
Cal-Maine Foods repurchased 846,037 shares of its common stock during the quarter for a total of $74.8

million. These transactions were completed under the company's current share repurchase authorization,

which permits the repurchase of up to $500 million, of which $375.2 million remains available.

#### Dividend Payment
For the second quarter of fiscal 2026, Cal-Maine Foods will pay a cash dividend of approximately $0.72

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

is payable on February 12, 2026, to holders of record on January 28, 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 January 7, 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 A of the 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 November 2023 and that first

impacted our flocks in December 2023, (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 and potential future impacts of government, customer and consumer reactions

to recent high market prices for eggs, (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 the war in

Ukraine, the conflicts involving Israel and Iran, and attacks on shipping in the Red Sea. 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

#### 26 Weeks Ended

#### November 29, 2025

#### November 30, 2024

#### November 29, 2025

#### November 30, 2024
Net sales

$

769,498

$

954,671

$

1,692,100

$

1,740,542

Cost of sales

562,112

598,629

1,173,400

1,137,282

Gross profit

207,386

356,042

518,700

603,260

Selling, general and administrative

82,887

77,633

152,401

139,565

(Gain) Loss on involuntary conversions

-

(7,488)

(Gain) loss on disposal of fixed assets

630

734

(1,479)

Operating income

123,869

278,061

373,053

465,018

Other income, net

12,210

10,900

26,291

21,896

Income before income taxes

136,079

288,961

399,344

486,914

Income tax expense

33,152

70,602

97,310

118,965

Net income

102,927

218,359

302,034

367,949

Less: Income (loss) attributable to

noncontrolling interest

(705) (65) (1,091)

Net income attributable to Cal-Maine

Foods, Inc.

$

102,759

$

219,064

$

302,099

$

369,040

Net income per common share:

Basic

$

2.14 $

4.49 $

6.27 $

7.57 Diluted

$

2.13 $

4.47 $

6.26 $

7.54 Weighted average shares outstanding:

Basic

48,019

48,765

48,150

48,762

Diluted

48,167

48,970

48,295

48,953

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

#### FINANCIAL HIGHLIGHTS
(Unaudited)

(In thousands)

#### SUMMARY BALANCE SHEETS

#### November 29, 2025

#### May 31, 2025
ASSETS

Cash and short-term investments

$

1,138,988

$

1,392,100

Receivables, net

262,369

272,361

Inventories, net

340,588

295,670

Prepaid expenses and other current assets

12,473

7,979

Current assets

1,754,418

1,968,110

Property, plant and equipment, net

1,218,654

1,026,684

Other noncurrent assets

170,992

89,825

Total assets

$

3,144,064

$

3,084,619

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$

184,545

$

194,208

Dividends payable

34,283

114,163

Current liabilities

218,828

308,371

Deferred income taxes and other liabilities

227,470

210,233

Stockholders' equity

2,697,766

2,566,015

Total liabilities and stockholders' equity

$

3,144,064

$

3,084,619

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

Media: media@cmfoods.com

Telephone: (601) 948-6813