Cal-Maine Earnings Expected to Decline in Q3

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Cal-Maine Foods, a major U.S. egg producer, is scheduled to report its fiscal third-quarter earnings on Wednesday. Analysts project the company will post a profit of $50.4 million, or 70 cents per share, down significantly from $508.5 million, or $10.38 per share, a year earlier. Sales are also expected to decline to $642.5 million from $1.42 billion in the prior-year quarter.

Why it matters

Cal-Maine's results will provide insight into the challenges facing the egg industry, including lower commodity egg prices and the lingering impact of past avian flu outbreaks. Investors will be closely watching the company's progress in growing its higher-margin specialty egg business and its prepared foods strategy as it looks to offset these headwinds.

The details

Cal-Maine has been betting on specialty eggs, which include cage-free, organic and other premium varieties, to fuel growth as they sell for higher prices and yield better margins. In the last quarter, specialty egg sales accounted for 44% of the company's total egg sales, up from 32% a year earlier. The company is also investing in expanding its prepared foods business, spending $15 million to expand scrambled-egg production and build out a high-speed pancake line. However, these expansion projects are expected to temper volumes and increase costs in the near term.

• Cal-Maine is scheduled to report its fiscal third-quarter earnings on Wednesday, March 31, 2026 before the market opens.

What’s next

Investors will be looking for updates on Cal-Maine's progress in growing its specialty egg business and prepared foods strategy, as well as commentary on the company's breeder flocks, chick hatches and number of layer hens as it continues to recover from past avian flu outbreaks.