Cal-Maine Foods (CALM) saw its stock drop sharply by 5.03% during intraday trading on Wednesday, following the release of its fiscal second-quarter earnings report.
The company reported earnings of $2.13 per share, beating analyst estimates of $1.94, but revenue fell short at $769.5 million, down 19.4% year-over-year and below the expected $826.4 million. The decline was attributed to lower egg prices, which have normalized after a period of elevated levels in 2025.
Despite the earnings beat, investors focused on the revenue miss and ongoing challenges in the egg market, leading to the stock's significant decline. Cal-Maine's efforts to diversify into higher-margin specialty eggs and prepared foods were noted as positives, but these were insufficient to offset concerns about the broader revenue drop.
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