Cal-Maine Posts $58.6M Q1 Loss as Egg Prices Collapse 59%; New $250M Credit Facility and Segment Restructuring Disclosed
CALM is trading near its 52-week low of $66.62 (2.7% below the low) on elevated volume (1.8× avg).
Summary
Cal-Maine reported a $58.6M Q1 loss as egg prices collapsed 59.3% year-over-year, suspended its dividend, and disclosed a new $250M credit facility plus a $25M franchise acquisition.
Key Events · Earnings and Guidance · CALM
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Q1 Loss of $58.6M
Net loss of $58.6M ($1.26/share diluted) vs. $199.3M profit a year ago. Net sales fell 41.5% to $539.6M.
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Conventional Egg Price Collapse
Conventional shell egg average selling price fell 59.3% year-over-year, driving a $71.0M segment loss vs. $168.2M income last year.
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Dividend Suspended
No Q1 dividend under variable policy. Cumulative loss to recover before any future dividend is $94.5M.
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New $250M Credit Facility
Second Amended and Restated Credit Agreement effective August 31, 2026, with $250M revolver, $250M accordion, maturing August 31, 2031.
Analysis · CALM · Industrial Applications And Services
Cal-Maine swung to a $58.6 million Q1 loss from a $199.3 million profit a year ago as conventional egg prices fell 59.3% year-over-year. The Conventional Shell Eggs segment alone lost $71.0 million. The company suspended its variable dividend, with $94.5 million in cumulative losses to recover before any future payout. Against that backdrop, management secured a new $250 million revolving credit facility with a $250 million accordion feature, providing liquidity runway through 2031. The company also restructured into three reportable segments and acquired the Eggland's Best Northeast franchise territory for $25 million, signaling continued investment in specialty eggs and prepared foods despite the downturn.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CALM was trading at $64.80 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $66.62 to $98.44. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.