CAL-MAINE FOODS INC
For the period ended Aug 30, 2025. Filed Oct 1, 2025.
View on SEC.govAbout 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.
Aug 30, 2025 · Filed Oct 1, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious 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 OperationsCurrent report: 10-Q
Period ended 2025-08-30; filed 2025-10-01.
0001562762-25-000251
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe 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 1720 previous paragraphs and 3199 current paragraphs.
991 unchanged; 24 reworded; 2181 added; 705 removed; 0 previous and 3 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 (2181)
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conjunction
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with Management’s
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in Part II Item
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7 of the Company’s
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Form 10-K for its
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fiscal year ended May
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This Quarterly
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the meaning of
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Securities Act
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Securities Exchange
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1934 (the
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“Exchange
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trends,
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impact on our
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business of the
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resurgence in United
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States (“U.S.”) commercial
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table egg
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layer flocks of
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pathogenic avian influenza (“HPAI”),
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estimated future production data, expected
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construction schedules, projected construction
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costs, potential future
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impact on our business
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of inflation and changing
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interest rates, potential future
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impact on our business
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new legislation,
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rules or
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policies, potential
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outcomes of
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legal proceedings,
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including loss
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and factors
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may result
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in changes
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amounts recorded,
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other projected
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operating data,
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including anticipated
Showing the first 40 of 2181 passages. Open the source sections for the rest.
Removed paragraphs (705)
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The following
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conjunction with
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in Part II
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Form 10-K for
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its fiscal year
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ended June 1,
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the meaning
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(the “Securities
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Securities Exchange Act
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(the “Exchange
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and egg products
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business, including estimated future
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production data, expected
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construction schedules, projected
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construction
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costs, potential
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future supply
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of and
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demand for
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our products,
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soybean price
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trends, potential
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impact on our business of the resurgence in United States (“U.S.”) commercial table egg layer flocks of highly pathogenic avian
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influenza (“HPAI”),
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potential future impact
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on our business
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of inflation and
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changing interest rates,
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potential future impact
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our business of
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new legislation, rules
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or policies, potential
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outcomes of legal
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proceedings, including loss
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and factors that may result in
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changes in the amounts recorded, and other
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projected operating data, including anticipated results
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and financial
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condition. Such
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are identified
Showing the first 40 of 705 passages. Open the source sections for the rest.
Reworded paragraphs (24)
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(the “2024 Annual Report”), and the accompanying financial statements and notes included in Part II Item 8 of the 2024 Annual
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(the “2025 Annual Report”), and the accompanying financial statements and
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including but not limited to the current outbreak of HPAI affecting poultry
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including but not limited to the
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in the U.S., Canada and other countries that was first
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and other countries that was first
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detected in commercial flocks in the U.S. in February 2022
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the U.S. in November 2023 and that
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publicly these forward-looking statements, whether because
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to update publicly these forward-looking
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of new information, future events,
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because of new information, future events, or otherwise.
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maintain efficient, state-of-the-art operations located close to our customers.
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aim to maintain efficient, state-of-the-art operations
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experience lower selling prices, sales volumes
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lower selling prices, sales
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advance to help ensure supply. Ordinarily,
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advance to help ensure supply.
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we do not enter into long-term contracts beyond a year to purchase corn and soybean
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not enter into long-term contracts beyond a year to purchase
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our customers’ evolving needs with a favorable
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our customers’ evolving needs
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pasture-raised and nutritionally-enhanced eggs as well as egg products.
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pasture-raised and nutritionally-enhanced eggs as well as prepared
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approximately 23% of the total estimated U.S. population, have cage-free legislation currently in effect.
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approximately 23% of the total estimated U.S. population,
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to either exclusively offer cage-free eggs or
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goals to either exclusively offer
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invested significant capital in recent years to acquire and construct cage-free facilities, and
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and construct cage-free facilities, and
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new venture. Crepini LLC contributed its existing assets and business in exchange for a 49% interest in the new venture.
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its existing assets and business in exchange for a 49% interest
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and it became a wholly-owned subsidiary.
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remaining ownership interests in MeadowCreek and it became a wholly-owned
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egg products breaking facility. The acquired assets also include an extensive customer distribution network across the Northeast
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The acquired assets also include an extensive customer
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in the Northeast and Mid-Atlantic
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significantly enhance our market reach in the Northeast and Mid-Atlantic states.
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per dozen were $2.784 compared to $2.415 for the prior-year period. Egg prices in the third quarter of fiscal 2025 were elevated
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egg prices in the first quarter of fiscal 2026
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compared to the prior-year period primarily due to the resurgence of HPAI
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were higher compared to the prior-year period primarily due to
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of our 2024 Annual Report.
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for Shell Eggs” of our 2025 Annual Report.
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processing business of ISE during the first quarter of fiscal 2025.
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shell egg production and processing business of ISE.
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of the Notes to Condensed Consolidated Financial Statements included in this Quarterly Report.
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Statements included in this Quarterly Report.
Rearranged current paragraphs (3)
Current report — wording carried from elsewhere
notes included in Part II Item 8 of the 2025 Annual
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have cage-free legislation currently in effect.
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for a 51% interest in the new venture. Crepini LLC contributed