Cal-Maine Foods (CALM) Q2 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, January 7, 2026 astatine 9:18 AM CST 36 min read

Image source: The Motley Fool.

Wednesday, January 7, 2026 astatine 9 a.m. ET

• President and Chief Executive Officer — Sherman Miller

• Vice President and Chief Financial Officer — Max P. Bowman

Sherman Miller: Thank you for joining america today. I privation to punctual everyone that today's remarks whitethorn see forward-looking statements. These are based connected management's existent expectations and are taxable to risks and uncertainties described successful our SEC filings. Looking astatine our show successful the 2nd 4th and archetypal fractional of the year, the communicative is clear. We've built existent momentum. We delivered coagulated results adjacent against a pugnacious examination to past year, which was marked by supply-demand imbalances and historically precocious prices. With little ovum prices, our progressively diversified concern model, combined with effectual execution, has proven to beryllium a root of resilience.

That positions america uniquely today, a uncommon operation of some worth and growth, with the imaginable to fortify adjacent further implicit time. Our specialty ovum concern maintained beardown prices and volumes contempt challenging comparisons and delivered maturation successful the archetypal fractional of the fiscal year. At the aforesaid time, our precocious announced expansions are positioning our prepared foods concern to present sustained double-digit measurement growth. Another cardinal inclination we're seeing is the ongoing displacement successful our income premix crossed the portfolio. This displacement was disposable passim the 2nd 4th and archetypal fractional of the fiscal year, and we expect it volition steadily heighten the durability and predictability of our earnings.

It's a nonstop reflection of the deliberate execution of our semipermanent strategy. We judge our results proceed to reenforce conscionable however effectual that attack volition beryllium successful pursuit of operational and fiscal excellence. Let maine stock a fewer strategical highlights from the 2nd 4th and archetypal fractional of the twelvemonth that amusement however we're driving continued merchantability diversification and favorable premix shifts. In 2026, ammunition ovum income represented 84.4% of full nett income compared to 94.7%. Specialty eggs drove a greater information of ammunition ovum sales, accounting for 44% of full ammunition ovum income compared to 31.7%. Specialty eggs and prepared foods combined accounted for 46.4% of nett income compared to 31.2%.

In 2026, ammunition ovum income represented 85% of full nett income compared to 94.5% successful 2025. Specialty eggs drove a greater information of ammunition ovum sales, accounting for 39.6% of full ammunition ovum income compared to 33%. Specialty eggs and prepared foods combined accounted for 42.8% of nett income compared to 32.4%. None of this happens without our people. I privation to sincerely convey our teams crossed the enactment whose disciplined absorption and committedness to excellence thrust the operational and fiscal show that underpins everything we do. Their hard enactment and dedication proceed to acceptable america apart, and these results are a nonstop reflection of their efforts.