Cal-Maine Foods, Inc. is the largest egg producer in the United States, supplying conventional and specialty shell eggs and a broad range of prepared egg-based foods nationwide; founded in 1957 and headquartered in Ridgeland, Mississippi.

# Cal-Maine Foods, Inc.

## Company profile
- The largest egg company in the United States and a leading player in the egg-based food industry.
- Provides nutritious, affordable, and sustainable eggs and egg-based foods to households.
- Sells most products throughout much of the U.S.
- Founded in 1957; headquartered in Ridgeland, Mississippi.
- Internal structure revised to manage operations by product category rather than solely on an overall company basis.

## Fiscal and reporting details
- Fiscal year end: the Saturday closest to May 31.
- Fiscal year 2026 ended May 30, 2026.
- The first three fiscal quarters of fiscal 2026 ended August 30, 2025; November 29, 2025; and February 28, 2026.
- All prior fiscal year periods have been recast to reflect the new reportable segments (see Note 15 – Segment Reporting).

## Segments (as of the fourth quarter of fiscal 2026)
- Conventional Shell Eggs
  - Core activities: production, grading, packaging, marketing, and distribution of conventional shell eggs.
  - Brands: Sunups® and Sunny Meadow®.
- Specialty Shell Eggs
  - Core activities: production, grading, packaging, marketing, and distribution of shell eggs sold as cage-free, nutritionally enhanced, organic, brown, pasture-raised, and free-range eggs.
  - Brands: Farmhouse Eggs® and 4Grain®, plus branded products from the Eggland’s Best cooperative (Egg-Land’s Best®, Land O’ Lakes® branded eggs).
- Prepared Foods
  - Core activities: production, packaging, marketing, and distribution of prepared foods such as pre-cooked egg patties, omelets, folded and scrambled egg formats, hard-cooked eggs, pancakes, waffles, and specialty wraps.
  - Brands: Van’s® and Crepini®.
- Other operations
  - Co-pack shell eggs, egg products, hard-cooked eggs, and other business activities not considered reportable segments.

## Brands and product portfolio
- Branded portfolio includes Eggland’s Best®, Land O’Lakes®, Farmhouse Eggs®, 4Grain®, Sunups®, Van’s®, MeadowCreek Foods®, and Crepini®.
- Product scope spans the full egg value ladder from conventional to specialty eggs and a broad range of prepared egg-based foods.

## Operations and reach
- Maintains efficient, state-of-the-art operations located close to customers to support a nationwide sales footprint.

Cal-Maine Foods, Inc. is the largest producer and distributor of shell eggs in the United States, focusing on high-quality, sustainable products.

# Summary of Cal-Maine Foods, Inc.

## Business Overview
- **Industry Position**: Largest producer and distributor of shell eggs in the United States.
- **Mission**: To be the most sustainable producer and reliable supplier of high-quality, fresh shell eggs, egg products, and prepared foods.
- **Headquarters**: Ridgeland, Mississippi.
- **Founded**: 1957.

## Operations
- **Segments**: Operates in one segment focused on production, packaging, marketing, and distribution of shell eggs and related products.
- **Vertical Integration**: Involves hatching chicks, raising and maintaining flocks (layers, pullets, breeders), manufacturing feed, and producing/processing eggs.
- **Flock Size (as of May 31, 2025)**:
  - **Layers**: ~48.3 million (largest in US)
  - **Pullet and Breeders**: ~11.5 million
- **Facilities**:
  - Owns 50 processing and packaging plants across 49 facilities.
  - 37 pullet farms, 49 shell egg farms, 2 breeder farms, 2 hatcheries, 30 feed mills.
  - Land: Approximately 33,200 acres.
- **Employees**:
  - Total: 3,828 employees.
  - Egg production, processing, marketing: 3,064 employees.
  - Feed mill operations: 231 employees.
  - Administrative: 533 employees.
  - Part-time: 3.8%; temporary and contingent workers: ~1,975.
  - Unionized: 43 employees.

## Product Offerings
- **Shell Eggs**:
  - Conventional and Specialty (including cage-free, organic, brown, free-range, pasture-raised, nutritionally enhanced).
  - Customers rely on the company to supply most of their shell egg needs, including both conventional and specialty categories.
  - Egg sales for fiscal year 2025: $4.02 billion (94.3% of total sales).
  - Dozens sold (2025): ~1.28 billion.
  - Average price per dozen (2025): $3.134.

- **Branded Eggs**:
  - Member of Eggland’s Best cooperative.
  - Brands include Egg-Land’s Best®, Land O’ Lakes®, Farmhouse Eggs®, 4-Grain®, Sunups®, and Sunny Meadow®.
  - Market share in branded eggs: Approximately 50% of EB-branded eggs and 46% of Land O’ Lakes® branded eggs nationally.

- **Egg Products & Prepared Foods**:
  - Liquid and frozen eggs, including cooked options like hard-cooked eggs, egg wraps, protein pancakes, crepes, and wrap-ups.
  - Notable recent investments:
    - Crepini Foods LLC (investment of ~$6.75 million, 51% stake, product line includes egg wraps and protein pancakes).
    - Acquired Echo Lake Foods (June 2025, ~$258 million, based in Wisconsin, produces waffles, pancakes, cooked eggs, omelets, egg patties, diced eggs).

## Financials (Fiscal Year 2025)
- **Revenue**: $4.26 billion
- **Gross Profit**: $1.85 billion (43.4% margin)
- **Net Income Attributable to Company**: $1.22 billion (~28.6% net profit margin)
- **Net Income per Share**: $25.04 (basic), $24.95 (diluted)
- **Average Shell Egg Price**: $3.134 per dozen
- **Egg Dozens Sold**: ~1.28 billion (up 11.8% from prior year)

## Customer Base
- Key customers: Primarily retail (86%) including grocery chains, club stores, independent supermarkets.
- Largest customer: Walmart Inc. (including Sam’s Club), accounting for approximately 33.6% of net sales in FY2025.
- Top three customers accounted for around 49.2%-50.1% of net sales in FY2025.

## Business Strategy
- Focuses on organic growth, acquisitions, and diversified product offerings.
- Expanding cage-free and specialty egg capacity due to changing consumer preferences and regulations.
- Engages in sustainability initiatives and animal welfare programs.
- Maintains extensive distribution across 40 states, Puerto Rico, and international markets.

## Key Highlights
- Reached net sales of $4.3 billion, a significant increase from $2.3 billion in FY2024.
- Gross profit increased sharply to $1.85 billion from $542 million.
- Significant investments in capacity expansion, including cage-free facilities and acquisitions.
- Operates with a substantial workforce and owns multiple key production and processing assets.


Cal-Maine Foods, Inc. is the largest producer and distributor of shell eggs in the United States, focusing on fresh and specialty egg production while operating from Ridgeland, Mississippi.

# Cal-Maine Foods, Inc.

## Business description
Cal-Maine Foods, Inc. is the largest producer and distributor of shell eggs in the United States. Headquartered in Ridgeland, Mississippi, the company handles production, grading, packaging, marketing, and distribution of fresh shell eggs, including specialty offerings such as cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced eggs.

## Key facts and figures
- Founded: 1957 by Fred R. Adams, Jr.  
- Fiscal year end: Saturday closest to May 31  
- Employees (as of June 1, 2024): approximately 3,067 total  
  - 2,370 in egg production, processing, and marketing  
  - 204 in feed mill operations  
  - 493 in administrative roles  
- Production flock (as of June 1, 2024):  
  - 39.9 million layers (mature female chickens)  
  - 11.8 million pullets and breeders (younger females and males for breeding)  
- Customers and markets: sells shell eggs across 39 states and Puerto Rico to national and regional grocery chains, club stores, foodservice distributors, and egg product customers. Walmart was the largest customer, representing about 34.0% of net sales in fiscal 2024.

## Financial performance (fiscal year ended June 1, 2024)
- Total revenue: $2.33 billion (down from $3.15 billion in fiscal 2023)  
- Net income: $277.9 million (compared with $758.0 million in fiscal 2023)  
- Net average selling price: $1.932 per dozen (down from $2.622 in fiscal 2023)  
- Production volume sold: approximately 1.15 billion dozen shell eggs (stable versus fiscal 2023)

## Operations
Cal-Maine operates a vertically integrated model, managing its supply chain from hatching chicks through production, processing, and distribution of shell eggs. The company emphasizes specialty egg offerings, including cage-free options, in response to legislative trends and customer preferences related to animal welfare and food quality.

## Summary
Cal-Maine Foods, Inc. is a leader in the U.S. shell egg industry, supported by a large workforce, extensive production capacity, and a wide customer base. The company sells across a broad geographic footprint and maintains a product mix that includes multiple specialty egg categories.

CAL-MAINE FOODS INC

10-K / July 22, 2026

10-K / July 22, 2025

10-K / July 23, 2024

10-K / July 22, 2026

Cal-Maine Foods, Inc.

Company profile

Fiscal and reporting details

Segments (as of the fourth quarter of fiscal 2026)

Brands and product portfolio

Operations and reach