CAL-MAINE FOODS INC
For the period ended Nov 29, 2025. Filed Jan 7, 2026.
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.
Nov 29, 2025 · Filed Jan 7, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious 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 OperationsCurrent report: 10-Q
Period ended 2025-11-29; filed 2026-01-07.
0001562762-26-000004
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 3199 previous paragraphs and 1002 current paragraphs.
577 unchanged; 17 reworded; 407 added; 2604 removed; 1 previous and 1 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 (407)
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The following should
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be read in
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conjunction with Management’s
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Discussion and Analysis of
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Annual Report on Form 10-K for its fiscal year ended May 31, 2025
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accompanying financial statements and
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notes included in Part II
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of this Quarterly Report on
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Form 10-Q (“Quarterly
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This Quarterly Report contains numerous
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forward-looking statements within the meaning of Section
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27A of the Securities
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Act
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(the “Securities Act”)
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and Section
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21E of
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Securities Exchange Act
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(the “Exchange Act”)
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relating to
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including potential
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future supply
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future corn
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potential future impact on our business of
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the resurgence in United States
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(“U.S.”) commercial table egg layer flocks of highly
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pathogenic avian influenza (“HPAI”), estimated future production data, expected construction
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schedules, projected construction
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costs, potential future impact on our business of inflation and changing interest rates, potential future impact on our business of
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new legislation, rules or
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policies, potential outcomes of legal
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proceedings, including loss contingency accruals and factors
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amounts recorded, other
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projected operating data,
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including anticipated results
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financial condition, and potential future cash returns to stockholders including the timing and amount of any
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repurchases under
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“intends,” “expects,”
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“should,” “plans,”
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“projected,” “contemplates,” “anticipates,”
Showing the first 40 of 407 passages. Open the source sections for the rest.
Removed paragraphs (2604)
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should be
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read in
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conjunction
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with Management’s
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Discussion and
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Analysis of
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of Operations included
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in Part II Item
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7 of the Company’s
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Annual Report on
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Form 10-K for its
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fiscal year ended May
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of this Quarterly Report on Form 10-Q (“Quarterly Report”).
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Report contains
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numerous forward-looking
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statements within
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the meaning of
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Securities Act
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(the “Securities
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Act”) and
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Securities Exchange
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Act of
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1934 (the
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Act”) relating
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to our
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future
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products,
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future
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potential future
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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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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
Showing the first 40 of 2604 passages. Open the source sections for the rest.
Reworded paragraphs (17)
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notes included in Part II Item 8 of the 2025 Annual
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of Operations included in Part II Item 7 of the Company’s
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(the “2025 Annual Report”), and the accompanying financial statements and
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(the “2025 Annual Report”), and the
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result from our recent or future
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from our recent or
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we disclaim any intent or obligation
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as otherwise required by law, we disclaim any intent or obligation to update publicly
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because of new information, future events, or otherwise.
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because of new information, future
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affordable, and sustainable protein to millions of households every
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affordable, and sustainable protein to millions
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and we have one operating and reportable
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Our operations are integrated, and we have one operating
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segment. Our total flock as of
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and reportable segment. Our total flock
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facilities and hotels throughout the majority of the U.S. and
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facilities and hotels throughout the majority of
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aim to maintain efficient, state-of-the-art operations
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the U.S. and aim to maintain efficient, state-of-the-art
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through acquisitions and leveraging our scale, vertical integration, operational
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through acquisitions and leveraging our
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that generally utilize market-based formulas tied to independently quoted
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market-based formulas tied to
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net losses) in our
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incur net losses) in our first
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not enter into long-term contracts beyond a year to purchase
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advance to help ensure supply. Ordinarily, we do not enter into long-term contracts beyond
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An important competitive advantage
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An important competitive advantage for Cal-Maine
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pasture-raised and nutritionally-enhanced eggs as well as prepared
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pasture-raised and nutritionally-enhanced
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is currently widespread in the wild
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HPAI is currently widespread in the wild bird population worldwide. Further, according to the U.S. Centers for Disease
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
a year to purchase corn and
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
according to the U.S. Centers for Disease Control