Exhibit 99.1

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Contacts:

Sherman Miller, President and CEO

Max P. Bowman, Vice President and CFO

(601) 948-6813

CAL-MAINE FOODS REPORTS FINANCIAL AND OPERATIONAL RESULTS

FOR FOURTH QUARTER AND FISCAL 2025 

RIDGELAND, Miss. (July 22, 2025) - Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the

“Company”), today reported financial and operational results for the fourth quarter and fiscal year ended

May 31, 2025. 

Fourth Quarter and Fiscal 2025 Financial, Operational and Business Highlights

●

Quarterly net sales of $1.1 billion and net income of $342.5 million, or $7.04 per diluted share

●

Fiscal year net sales of $4.3 billion and net income of $1.2 billion, or $24.95 per diluted share

●

Record total specialty dozens sold in the quarter due to continued strong consumer demand and

the added production from ISE America, Inc. which was acquired in the first quarter of fiscal 2025

●

Significant progress on proactive steps to add production capacity and help mitigate the egg supply

shortage across the country, including:

o

An 18% increase in the average number of layer hens during the fourth quarter of fiscal

2025, compared to the prior-year quarter, reflecting re-start of prior-year facility outages

and both organic and inorganic expansion

o

A 48% increase in the Company’s breeder flocks as of the end of the fourth quarter of fiscal

2025 compared to the end of the prior-year quarter

o

A 56% increase in total chicks hatched during the fourth quarter of fiscal 2025 compared

to the prior-year quarter

o

Continued progress on ongoing organic expansion projects that are expected to add

approximately 1.1 million cage-free layer hens and 250,000 pullets and contract production

of 1.2 million free range layer hens 

o

Added production support through the integration of recently acquired assets, including

the processing facilities from ISE America, Inc. and feed mills from Deal-Rite Feeds, Inc.

●

Announced the acquisition of Echo Lake Foods, a producer and marketer of quality prepared foods,

with the transaction closing subsequent to the end of the fourth quarter of fiscal 2025 on June 2,

2025

●

Declared a cash dividend of approximately $114.2 million, or approximately $2.35 per share,

pursuant to the Company’s established dividend policy

●

Ceased to be a “controlled company” upon conversion of all of the Company’s Class A Common

Stock into Common Stock

●

Completed an underwritten public offering of Common Stock by the Company’s founder’s family

●

Purchased approximately $50 million of its Common Stock, or 551,876 shares, pursuant to the

Company’s $500 million share repurchase program, leaving approximately $450 million

remaining under the share repurchase program

Commenting on the fourth quarter of fiscal 2025 results, Sherman Miller, president and chief executive

officer of Cal-Maine Foods, stated, “Our results for the fourth quarter of fiscal 2025 marked a strong finish

to a challenging, but successful year of transformation for Cal-Maine Foods. We continued to advance our

growth strategy in a dynamic market environment, maintained a strong focus on safely, efficiently and

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2025 Results

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July 22, 2025

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sustainably managing our operations, added production capacity to meet customer demand and stayed

disciplined in our investments. 

“Following the end of the fourth quarter, we closed the acquisition of Echo Lake Foods, which aligns

with our strategy to diversify our product portfolio by expanding our prepared foods offerings. We are

excited about the new market opportunities that Echo Lake Foods provides for Cal-Maine Foods, our

customers and our shareholders, and we look forward to continuing to work together on a successful

integration,” added Miller.

Key Fourth Quarter and Fiscal 2025 Financial Drivers 

Net sales for the fourth quarter of fiscal 2025 were $1.1 billion compared with $640.8 million for

the same period last year. Net income attributable to Cal-Maine Foods for the fourth quarter of fiscal 2025

was $342.5 million, or $7.04 per diluted share, compared with $113.2 million, or $2.32 per diluted share,

for the fourth quarter of fiscal 2024. The higher net sales were primarily driven by an increase in the net

average selling price of shell eggs and also reflected higher volumes sold. The higher market prices were a

direct result of the reduced supply of shell eggs across the industry due to outbreaks of highly pathogenic

avian influenza (“HPAI”) during a period of high demand for eggs and egg products around the Easter

holiday. 

Net sales for fiscal 2025 were $4.3 billion compared with $2.3 billion for fiscal 2024. Net income

attributable to Cal-Maine Foods for fiscal 2025 was $1.2 billion, or $24.95 per diluted share, compared to

$277.9 million, or $5.69 per diluted share. The increase in sales revenue was primarily due to an increase

in the net average selling price of eggs as well as an increase in the dozens sold reflecting both organic and

inorganic expansion.

For the fourth quarter of fiscal 2025, the net average selling price per dozen was $3.305 compared

with $2.133 for the fourth quarter of fiscal 2024. The net average selling price generally reflects a blend of

higher market-based prices for most conventional eggs with lower negotiated-price arrangements for

specialty eggs, based on long-standing pricing frameworks with customers that the Company has honored

throughout the various cycles that characterize the egg industry.

Overall demand for shell eggs was strong during the fourth fiscal quarter, which included the busy

Easter holiday season. The Company sold 311.4 million dozen shell eggs, representing a 9.0% increase,

including the contribution from acquisitions, compared with 285.6 million dozens for the fourth quarter of

fiscal 2024. Sales of conventional eggs totaled 189.6 million dozens, compared with 180.5 million dozens

for the prior-year period, an increase of 5.0%. Specialty egg volumes also increased by 16.0% to a record

121.8 million dozens sold for the fourth quarter of fiscal 2025 compared with 105.0 million dozens sold for

the prior-year period. 

Fourth quarter farm production costs per dozen remained relatively flat compared to the prior-year

period as the Company benefited from more favorable commodity pricing for key feed ingredients that were

offset with higher facility costs. For the fourth quarter of fiscal 2025, feed costs per dozen were down 2.2%

compared with the fourth quarter of fiscal 2024. Costs for outside egg purchases increased significantly

quarter-over-quarter, primarily due to higher shell egg prices.

Max Bowman, vice president and chief financial officer of Cal-Maine Foods, commented, “Our

financial results reflect Cal-Maine Foods’ ability to respond to the challenges of a dynamic market. Our

strategic focus on both organic growth and adding production capacity through acquisitions allowed us to

meet customer demand with favorable results. As always, we remain focused on optimizing the aspects of

our business in which we have operating control and managing efficiently and safely regardless of the

market environment.”

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2025 Results

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July 22, 2025

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Additional details on the fourth quarter and fiscal 2025 financial drivers are shown in the chart

below.

Fourth Quarter and Fiscal 2025 Key Statistics 

13 Weeks Ended 

52 Weeks Ended

May 31, 2025

June 1, 2024

May 31, 2025

June 1, 2024

Dozen Eggs Sold (000)

311,393

285,555

1,282,611

1,147,633

Conventional Dozen Eggs Sold (000)

189,563

180,513

812,396

746,687

Specialty Dozen Eggs Sold (000)

121,830

105,042

470,215

400,946

Dozen Eggs Produced (000)

287,993

243,851

1,135,955

1,018,835

% Specialty Sales (dozen)

39.1

%

36.8

%

36.7

%

34.9

%

% Specialty Sales (dollars)

30.3

%

38.9

%

29.5

%

41.7

%

Net Average Selling Price (per dozen)

$

3.305

$

2.133

$

3.134

$

1.932

Net Average Selling Price of Conventional

Eggs (per dozen)

$

3.784

$

2.062

$

3.490

$

1.730

Net Average Selling Price of Specialty Eggs

(per dozen)

$

2.559

$

2.254

$

2.519

$

2.309

Feed Cost (per dozen)

$

0.493

$

0.504

$

0.490

$

0.550

HPAI Comments

Outbreaks of HPAI have continued to occur in U.S. poultry flocks. In calendar year 2024, 40.2

million commercial layer hens and pullets were depopulated due to HPAI, and in calendar year 2025, an

additional 39.0 million commercial layer hens and pullets have been depopulated through May. HPAI is

currently widespread in the wild bird population worldwide and no farm is immune from HPAI. The extent

of possible future outbreaks in commercial laying hens, with heightened risk during migration seasons,

cannot be predicted. The widely reported spread of HPAI in dairy cattle increases risks to Cal-Maine Foods’

operations and those of other egg producers. According to the U.S. Centers for Disease Control and

Prevention, the human health risk to the U.S. public from the HPAI virus is considered to be low. Also,

according to the USDA, HPAI cannot be transmitted through safely handled and properly cooked eggs.

There is no known risk related to HPAI associated with eggs that are currently in the market and no eggs

have been recalled due to HPAI.

Dividend Payment and Share Repurchases

For the fourth quarter of fiscal 2025, Cal-Maine Foods will pay a cash dividend of approximately

$2.35 per share to holders of its Common Stock. The dividend is payable on August 19, 2025, to holders of

record on August 4, 2025. The final amount paid per share will be based on the number of outstanding

shares on the record date.

Pursuant to Cal-Maine Foods’ variable dividend policy, for each quarter in which the Company

reports net income, the Company pays a cash dividend to shareholders in an amount equal to one-third of

such quarterly net income. Following a quarter in which the Company does not report net income, the

Company will not pay a dividend with respect to that quarter or for a subsequent profitable quarter until

the Company is profitable on a cumulative basis computed from the date of the most recent quarter for

which a dividend was paid. 

On February 25, 2025, the Company announced that its Board of Directors approved a new share

repurchase program that authorizes the Company, in management’s discretion, to repurchase shares of

Cal-Maine Foods’ Common Stock from time to time up to an aggregate purchase price of $500 million. 

During the fourth quarter fiscal 2025, the Company repurchased approximately $50 million of its Common

Stock, or 551,876 shares, from the Company’s founder’s family members, leaving approximately $450

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2025 Results

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July 22, 2025

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million remaining under the share repurchase program. The Company expects to opportunistically

repurchase shares from time to time in the open market, subject to market conditions and other factors. 

Looking Ahead

Miller added, “Cal-Maine Foods has continued to be resilient through a period of unprecedented

challenges for our industry. We are extremely proud of our teams across our operations who have remained

focused on managing our operations in a responsible manner while navigating the ongoing risks associated

with HPAI. Our consistent ability to meet the demands of our customers is a testament to our ability to

execute our strategy regardless of market conditions. As a leader in our industry, we are mindful of our

critical role in providing an affordable, high-value protein option to support the nation’s food supply. We

believe we have a proven operating model and the operational scale that allows us to continue to expand

our shell egg production capacity and product mix, both organically and through strategic acquisitions.

With the addition of Echo Lake Foods, we have a significant opportunity to continue to pursue additional

growth in our prepared foods portfolio, which we expect will diversify our product offering, leverage our

existing distribution channels and expand our reach in retail, quick service restaurants, and other food

service customers.

“Looking ahead to fiscal 2026, we believe Cal-Maine Foods is well-positioned to continue delivering

on our growth and returns strategy with our leading production capability, fully integrated operations,

expanding product portfolio, broad distribution reach and commitment to financial discipline. Above all,

we remain committed to Cal-Maine Foods’ unwavering mission to be the most sustainable producer and

reliable supplier of consistent, high quality fresh shell eggs, egg products and prepared foods in the country. 

We look forward to the year ahead for Cal-Maine Foods as we pursue the opportunities before us and deliver

value to all our stakeholders.”

About Cal-Maine Foods

Cal-Maine Foods, Inc. is primarily engaged in the production, packaging, marketing and

distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-

raised and nutritionally enhanced eggs, as well as a variety of egg products and prepared foods. The

Company, which is headquartered in Ridgeland, Mississippi, is the largest producer and distributor of fresh

shell eggs in the nation and sells most of its shell eggs throughout the majority of the United States.

Forward Looking Statements

Statements contained in this press release that are not historical facts are forward-looking

statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The forward-

looking statements are based on management’s current intent, belief, expectations, estimates and

projections regarding our Company and our industry. These statements are not guarantees of future

performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict

and may be beyond our control. The factors that could cause actual results to differ materially from those

projected in the forward-looking statements include, among others, (i) the risk factors set forth the

Company’s SEC Filings (including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and

Current Reports on Form 8-K), (ii) the risks and hazards inherent in the shell egg business (including

disease, pests, weather conditions, and potential for product recall), including but not limited to the

current outbreak of HPAI affecting poultry in the U.S., Canada and other countries that was first detected

in commercial flocks in the U.S. in November 2023 and that first impacted our flocks in December 2023,

(iii) changes in the demand for and market prices of shell eggs and feed costs, (iv) our ability to predict

and meet demand for cage-free and other specialty eggs, (v) risks, changes, or obligations that could

result from our recent or future acquisition of new flocks or businesses, such as our acquisition of Echo

Lake Foods completed June 2, 2025, and risks or changes that may cause conditions to completing a

pending acquisition not to be met, (vi) our ability to successfully integrate and manage the business of

Echo Lake Foods and realize the expected benefits of the acquisition, including synergies, cost savings,

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2025 Results

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July 22, 2025

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reduction in earnings volatility, margin expansion, financial returns, expanded customer relationships,

or sales or growth opportunities, (vii) our ability to retain existing customers, acquire new customers

and grow our product mix including our prepared foods product offerings, (viii) the impacts and

potential future impacts of government, customer and consumer reactions to recent high market prices

for eggs, (ix) potential impacts to our business as a result of our Company ceasing to be a “controlled

company” under the rules of The Nasdaq Stock Market on April 14, 2025, (x) risks relating to potential

changes in inflation, interest rates and trade and tariff policies, (xi) adverse results in pending litigation

and other legal matters, (xii) global instability, including as a result of the war in Ukraine, the conflicts

involving Israel and Iran, and attacks on shipping in the Red Sea. The Company’s SEC filings may be

obtained from the SEC or the Company’s website, www.calmainefoods.com. Readers are cautioned not

to place undue reliance on forward-looking statements because, while we believe the assumptions on

which the forward-looking statements are based are reasonable, there can be no assurance that these

forward-looking statements will prove to be accurate. Further, forward-looking statements included

herein are made only as of the respective dates thereof, or if no date is stated, as of the date hereof. Except

as otherwise required by law, we disclaim any intent or obligation to update publicly these forward-

looking statements, whether because of new information, future events, or otherwise.

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2025 Results

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July 22, 2025

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CAL-MAINE FOODS, INC. AND SUBSIDIARIES

FINANCIAL HIGHLIGHTS

(Unaudited)

(In thousands, except per share amounts)

SUMMARY STATEMENTS OF INCOME

13 Weeks Ended

52 Weeks Ended

May 31, 2025

June 1, 2024

May 31, 2025

June 1, 2024

Net sales

$

1,103,658

$

640,789

$

4,261,885

$

2,326,443

Cost of sales

572,148

454,353

2,411,000

1,784,872

Gross profit

531,510

186,436

1,850,885

541,571

Selling, general and administrative

94,917

57,781

314,449

252,625

(Gain) loss on involuntary conversions

-

(13,603)

156

(23,532)

(Gain) loss on disposal of fixed assets

742

70

(259)

26

Operating income

435,851

142,188

1,536,539

312,452

Other income, net

17,348

9,773

66,603

47,519

Income before income taxes

453,199

151,961

1,603,142

359,971

Income tax expense

111,069

39,031

384,910

83,689

Net income

342,130

112,930

1,218,232

276,282

Less: Loss attributable to noncontrolling

interest

(345)

(311)

(1,816)

(1,606)

Net income attributable to Cal-Maine Foods,

Inc.

$

342,475

$

113,241

$

1,220,048

$

277,888

Net income per common share:

Basic

$

7.05

$

2.32

$

25.04

$

5.70

Diluted

$

7.04

$

2.32

$

24.95

$

5.69

Weighted average shares outstanding:

Basic

48,554

48,761

48,719

48,717

Diluted

48,678

48,902

48,891

48,873

Cal-Maine Foods Reports Fourth Quarter and Fiscal 2025 Results

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July 22, 2025

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CAL-MAINE FOODS, INC. AND SUBSIDIARIES

FINANCIAL HIGHLIGHTS

(Unaudited)

(In thousands)

SUMMARY BALANCE SHEETS

May 31, 2025

June 1, 2024

ASSETS

Cash and short-term investments

$

1,392,100

$

812,377

Receivables, net

272,361

162,442

Inventories, net

295,670

261,782

Prepaid expenses and other current assets

7,979

5,238

Current assets

1,968,110

1,241,839

Property, plant and equipment, net

1,026,684

857,234

Other noncurrent assets

89,825

85,688

Total assets

$

3,084,619

$

2,184,761

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

$

194,208

$

189,983

Dividends payable

114,163

37,760

Current liabilities

308,371

227,743

Deferred income taxes and other liabilities

210,233

159,975

Stockholders' equity

2,566,015

1,797,043

Total liabilities and stockholders' equity

$

3,084,619

$

2,184,761