CAL-MAINE FOODS INC

Listed Company

CALMCIK 0000016160NasdaqLarge AcceleratedAgricultural Prod-Livestock & Animal SpecialtiesDelawareFY ends May 30

Period

FY 2025

Revenue

$4.26B

Net Income

$1.22B

Total Assets

$3.08B

Equity

$2.56B

Shares Out

47.38M

Op. Cash Flow

$1.22B

Business

Cal‑Maine Foods Inc is the largest producer and distributor of shell eggs in the United States. It offers fresh shell eggs (conventional and specialty), liquid and frozen egg products, and prepared foods such as hard‑cooked eggs and egg wraps. The company operates one reporting segment covering production, packaging, marketing and distribution with vertically integrated hatching, feed manufacture and processing. It sells across much of the U.S. and Puerto Rico to grocery chains, club stores, private‑label customers and foodservice distributors.

Summary from filing dated 2025-07-22

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Net sales	4,262	2,326	3,146	1,777	1,349
Cost of sales	2,411	1,785	1,950	1,440	1,188
Gross profit	1,851	542	1,196	337	161
Selling, general and administrative	314	253	232	199	184
(Gain) loss on involuntary conversions	156,000	−24	−3	—	—
(Gain) loss on disposal of fixed assets	−259,000	26,000	−131,000	383,000	3
Operating income	1,537	312	968	144	−26
Interest expense	−612,000	−549,000	−583,000	—	—
Interest income	49	32	19	988,000	3
Patronage dividends	11	11	10	10	9
Equity in income of unconsolidated entities	6	1	746,000	2	622,000
Other, net	1	3	2	10	4
Total other income	67	48	31	22	16
Income before income taxes	1,603	360	999	166	−10
Income tax expense	385	84	242	34	−12
Net income	1,218	276	757	132	2
Less: Net loss attributable to noncontrolling interest	−2	−2	−1	−209,000	0
Net income attributable to Cal-Maine Foods, Inc.	1,220	278	758	133	2
Basic (in dollars per share)	25.04	5.7	15.58	2.73	0.04
Diluted (in dollars per share)	24.95	5.69	15.52	2.72	0.04
Basic (in shares)	49	49	49	49	49
Diluted (in shares)	49	49	49	49	49

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Cash and cash equivalents	499	238	293	59	57
Investment securities available-for-sale	893	574	355	115	112
Trade receivables, net	244	139	111	169	79
Income tax receivable	13	10	67	42	43
Other	15	13	9	8	5
Total receivables, net	272	162	187	219	127
Inventories, net	296	262	284	263	218
Prepaid expenses and other current assets	8	5	5	4	5
Total current assets	1,968	1,242	1,125	662	520
Property, plant & equipment, net	1,027	857	745	678	589
Investments in unconsolidated entities	11	11	14	16	55
Goodwill	47	46	44	44	36
Intangible assets, net	15	16	16	18	20
Other assets	17	13	11	11	7
Total assets	3,085	2,185	1,955	1,427	1,229
Trade accounts payable	101	76	83	82	53
Dividends payable	114	38	37	37	0
Accrued wages and benefits	60	33	39	26	24
Income tax payable	0	43	8	26	0
Accrued expenses and other current liabilities	33	38	16	14	13
Total current liabilities	308	228	183	185	90
Other liabilities	56	17	10	10	10
Deferred income taxes	155	143	152	128	114
Total liabilities	519	388	345	323	216
Commitments and contingencies - see Note 16	—	—	—	—	—
Paid-in capital	81	76	72	68	64
Retained earnings	2,566	1,756	1,571	1,066	976
Accumulated other comprehensive loss, net of tax	−1	−2	−3	−2	−558,000
Common stock in treasury, at cost - 26,567 and 26,022 shares in 2025 and 2024, respectively	−86	−32	−30	−28	−27
Total Cal-Maine Foods, Inc. stockholders' equity	2,561	1,800	1,611	1,105	1,013
Noncontrolling interest in consolidated equity	5	−3	−1	−206,000	0
Total stockholders' equity	2,566	1,797	1,610	1,104	1,013
Total Liabilities and Stockholders' Equity	3,085	2,185	1,955	1,427	1,229

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-05-31	FY 2024 2024-05-31	FY 2023 2023-05-31	FY 2022 2022-05-31	FY 2021 2021-05-31
Depreciation and amortization	94	80	72	68	59
Deferred income taxes	12	−10	24	6	22
Stock compensation expense, net of amounts paid	5	4	4	4	4
Loss on change in fair value contingent consideration	15	6	0	0	—
Other operating activities, net	−15	−7	−1	−9	−231,000
(Increase) decrease in trade receivables	−105	−28	58	−88	—
(Increase) decrease in inventories	−12	29	−21	−36	−31
Increase (decrease) in income taxes payable/receivable	−46	92	−42	26	—
Increase in accounts payable and current accrued expenses	65	9	15	30	−1
Decrease in other operating assets and liabilities	−5	−553,000	−3	−7	—
Net cash provided by operating activities	1,225	451	863	126	26
Purchases of investments	−1,214	−574	−531	−98	−88
Sales of investments	908	359	292	93	129
Acquisition of businesses, net of cash acquired	−116	−54	0	−45	0
Investment in unconsolidated entities	0	−363,000	−2	−3	0
Distributions from unconsolidated entities	4	3	2	400,000	7
Purchases of property, plant and equipment	−161	−147	−137	−72	−95
Net proceeds from disposal of property, plant and equipment	4	272,000	580,000	686,000	3
Net cash used in investing activities	−575	−413	−375	−117	−44
Principal payments on long-term debt	−2	0	0	0	0
Principal payments on finance lease	0	−214,000	−224,000	−215,000	−205,000
Purchase of common stock by treasury	−54	−2	−2	−1	−871,000
Payments of dividends	−330	−92	−252	−6	−2
Net cash used in financing activities	−387	−94	−254	−7	−3
Increase (decrease) in cash and cash equivalents	263	−55	234	2	−21
Income taxes paid	426	35	258	2	995,000

Filings

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