Cal-Maine Foods stock gained 1.26 percent on October 2 after results
Published on 10/05/2026 at 12:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cal-Maine Foods stock (ISIN US1280302027) closed at USD 66.67 on Nasdaq on October 2, 2026, up 1.26 percent from the prior session. The company reported a fiscal first-quarter 2027 net loss after lower conventional egg prices sharply reduced sales and profitability.
Revenue drops as egg prices weaken
According to Cal-Maine Foods on September 30, 2026, net sales for the quarter ended August 29, 2026, fell 41.5 percent year over year to USD 539.607 million from USD 922.602 million. Diluted EPS was negative USD 1.26, compared with USD 4.12 in the prior-year quarter.
The company posted a USD 58.615 million net loss attributable to Cal-Maine Foods, versus USD 199.340 million of net income a year earlier. Gross profit fell to USD 403,000 from USD 311.314 million, while operating income changed to a USD 82.165 million loss from USD 249.184 million of operating income.
Conventional eggs drive the pressure
Cal-Maine Foods reported that conventional shell egg sales fell 59.5 percent in fiscal Q1 2027, primarily because the average selling price per dozen declined 59.3 percent. The segment recorded a USD 71.045 million operating loss, compared with USD 168.236 million of operating income in the prior-year period.
The portfolio shift offers a counterweight. Specialty Shell Eggs and Prepared Foods together accounted for 54.1 percent of first-quarter sales, up from 37.1 percent, while Prepared Foods capacity is planned to grow more than 60 percent by the first half of fiscal 2028 compared with fiscal 2026 year-end, according to Cal-Maine Foods.
Analysts lower targets after the loss
MarketBeat reported on October 1, 2026, that Stephens lowered its Cal-Maine Foods price target from USD 80 to USD 70 while maintaining an Equal Weight rating. The companys fiscal Q1 loss of USD 1.26 per share missed the USD 0.77 loss consensus by USD 0.49.
MarketBeat listed a Hold consensus from six analysts, with an average price target of USD 84.17, a high target of USD 100.00 and a low target of USD 60.00. The average target lies 26.2 percent above the October 2 stock price, placing the estimate well above the latest market value despite the recent earnings setback.
Stock closes at USD 66.67
Cal-Maine Foods stock closed at USD 66.67 on Nasdaq on October 2, 2026. The session range was USD 64.46 to USD 67.00, the 52-week range was USD 63.50 to USD 95.57, volume was 1,665,009 shares and market capitalization was USD 3.1 billion.
Cal-Maine Foods stock details
- Company: Cal-Maine Foods, Inc.
- ISIN: US1280302027
- Ticker: CALM
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 66.67, closing price
- Market capitalization: USD 3.1 billion (as of October 2, 2026)
- 52-week range: USD 63.50-USD 95.57 (as of October 2, 2026)
- Sector / Industry: Consumer Defensive / Agricultural Farm Products
