Cal-Maine Foods Reports Q2 Earnings Beat but Sales Plummet 19%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Fool
- Earnings Beat: Cal-Maine Foods reported Q2 2026 earnings of $2.13 per share, surpassing analyst expectations of $2.01, indicating resilience in profitability despite market challenges.
- Sales Decline: The company's revenue fell over 19% year-over-year to $769.5 million, significantly below the forecast of $826.4 million, primarily due to weak performance in conventional egg sales.
- Market Dynamics Shift: Conventional egg sales plummeted 41% year-over-year, driven by a sharp decline in egg prices following supply-demand imbalances and historic price levels in 2025, adversely affecting overall performance.
- Cautious Future Outlook: Analysts project Cal-Maine's earnings to drop to approximately $9.31 per share in 2026, with further declines expected over the next two years, reflecting concerns about the company's future profitability prospects.
Analyst Views on CALM
Wall Street analysts forecast CALM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CALM is 90.00 USD with a low forecast of 85.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 83.490
Low
85.00
Averages
90.00
High
100.00
Current: 83.490
Low
85.00
Averages
90.00
High
100.00
About CALM
Cal-Maine Foods, Inc. is primarily engaged in the production, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs, as well as a variety of ready-to-eat egg products. The Company’s integrated operations consist of hatching chicks, growing and maintaining flocks of pullets, layers and breeders, manufacturing feed, and producing, processing, packaging, and distributing shell eggs. The Company provides specialty and conventional eggs. Specialty eggs encompass a broad range of products, such as cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. Its Farmhouse Eggs brand eggs are produced at its facilities by hens that are provided with a vegetarian diet. It markets organic, vegetarian and omega-3 eggs under its 4-Grain brand, which consists of conventional and cage-free eggs. Its Sunups and Sunny Meadow brands are sold as conventional eggs.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
