CAL-MAINE FOODS INC

For the period ended Mar 1, 2025. Filed Apr 8, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 1, 2025 · Filed Apr 8, 2025

CALM$64.60-1.6%Stored close · as of Nov 6, 2026

What changed in Management’s Discussion and Analysis?

Read the current filing

Previous report: 10-Q

Period ended 2024-11-30; filed 2025-01-07.

0001562762-25-000004

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Current report: 10-Q

Period ended 2025-03-01; filed 2025-04-08.

0001562762-25-000084

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 1218 previous paragraphs and 1720 current paragraphs.

1008 unchanged; 5 reworded; 707 added; 203 removed; 2 previous and 0 current paragraphs rearranged.

Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Added paragraphs (707)

Current report

materially from those

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projected in the

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forward-looking statements include,

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among others, (i)

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the risk factors

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set forth in

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of this

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Quarterly Report

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on Form

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10-Q and

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on Form

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10-K

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ended

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well

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those

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reports

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file

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SEC

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(including our Quarterly Reports on Form 10-Q and Current Reports on Form

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8-K), (ii) the effect of the potential conversion of

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all of

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Class A

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into Common

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Stock and

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resulting loss

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by the

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Company of

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controlled company

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status under

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the rules

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Nasdaq Stock

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Market on

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the trading

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Common Stock,

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the ability

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of the

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Company to

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retain and

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hire key

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personnel and

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Showing the first 40 of 707 passages. Open the source sections for the rest.

Removed paragraphs (203)

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corn and

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forward-looking statements

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projected

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materially from

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those projected

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forward-looking statements

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include, among

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others, (i)

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the risk

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factors set

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forth in

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1A

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risk

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factors

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any)

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set

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forth

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II

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Item

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1A

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Risk

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Factors

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elsewhere in

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this report

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as those

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included in

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other reports

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we file

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from time

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to time

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Securities and

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Exchange

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Commission (the “SEC”) (including our

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Quarterly Reports on Form

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10-Q and Current Reports

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on Form 8-K), (ii)

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the risks and

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potential

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detected in commercial

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flocks in the

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Showing the first 40 of 203 passages. Open the source sections for the rest.

Reworded paragraphs (5)

Previous wording

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

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Current wording

publicly these forward-looking statements, whether because

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Previous wording

directly to consumers or set the prices at which eggs are sold to consumers.

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consumers or set the prices at which eggs are sold to consumers.

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cannot be transmitted through safely handled and properly cooked eggs. There is no known risk

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transmitted through safely handled and properly cooked eggs. There is no

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approximately 20% of the total estimated U.S. population,

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approximately 23% of the total estimated U.S. population, have cage-free legislation currently in effect.

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egg revenue for the second quarter of fiscal year 2025. At the same time, we

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egg revenue for the third quarter of fiscal year 2025. At the same time, we understand the importance of our continued ability to

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Rearranged previous paragraphs (2)

Previous report — wording carried elsewhere

have cage-free legislation currently in effect.

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Previous report — wording carried elsewhere

understand the importance of our continued ability

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