Cal-Maine Q4 revenue falls 50% on egg price collapse
Oversupply drives conventional egg prices down 71%
22 July 2026
1 minute read
By: Cal-Maine Foods reported a nearly 50% year-on-year decline in fourth-quarter revenue, missing analyst expectations, as industry oversupply drove wholesale shell egg prices to historically low levels, Reuters reported, citing the US egg producer.
Adjusted earnings per share and net income were both negative in the quarter. The average selling price per dozen for conventional shell eggs fell 70.9% year on year, though volumes rose 3.1%, indicating the weakness was driven by pricing rather than demand.
The company attributed the results to industry oversupply that pushed inflation-adjusted egg prices to historic lows. In prepared foods, improved utilisation and fixed-cost absorption from network optimisation and expansion led to stronger operating performance and sequential margin improvement.
Cal-Maine said it expects the supply-demand balance to improve in coming months, supporting stronger egg pricing. The company also expects expansion of its Eggland's Best franchise territory to boost specialty shell egg volume by about 5% annually, while prepared foods production capacity is projected to rise more than 60% from the end of fiscal 2026 to the first half of fiscal 2028.
