CALM Cal-Maine Foods, Inc.

I looked at the business behind $CALM (CAL-MAINE FOODS INC) for you. Based on financial data and reported results. #CALM

$CALM down (heh) 3% , after the egg producer posted wider-than-expected fiscal first-quarter losses per share amid lower egg prices. Year to date, the equity is down 17%

$CALM Cal-Maine's gross margin printed at basically zero: $403,000 on $539.6M of sales, down from $311.3M a year ago. That's 0.1%. The loss was $1.26/share vs ~$0.77 expected. Revenue fell 41.5% to $539.6M. Conventional shell egg prices dropped 59.3% per dozen as flock repopulation left the market abundantly supplied. That segment lost $71.0M at a -35.2% operating margin, vs +$168.2M and 33.8% last year. Specialty plus prepared foods stayed profitable but thinner: $14.9M at 6.3% and $7.8M at 12.4%. They are now 54.1% of sales, up from 37.1%. No dividend this quarter. The cumulative loss to clear before dividends resume: $94.5M.

$CALM when a consumer stock misses this badly, it is usually destroyed price wise. Very surprised how well this is holding up pre market.

$CALM Q1 '27 Earnings Results & Recap • Reported GAAP EPS of -$1.26 down -130.58% YoY • Reported revenue of $539.61M down -41.51% YoY

$CALM Cal-Maine reports before the open this morning. The Street expects a loss of about 0.7 to 0.77 a share on revenue of roughly 560 to 585 million. A year ago the same quarter, the company earned 7.04 a share. That is the full egg cycle in one comparison: avian-flu shortage pricing to a normalized market. The stock has already priced most of it: 67.43 Monday, near its 52-week low of 66.62 vs a high of 101.86. The average analyst target sits at 75. The number to watch is not the loss. That is expected. It is gross margin, which missed badly last quarter. That is where the normalization shows up first. Tracking into the print.

$CALM will it stay under the 200 day? Or is it a fake out? We should know soon, but my bet is it will move back up.