BUZZ-Cal-Maine Foods down after co swings to quarterly loss on decline in egg prices

Cal-Maine Foods, Inc.

Cal-Maine Foods, Inc.

CALM

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** Shares of egg supplier Cal-Maine Foods CALM.O fall ~4% to $84.04 premarket

** Co swings to loss in fourth quarter following a sharp decline in egg prices as the industry moved from supply shortages last year to oversupply

** CALM posts quarterly loss of 76 cents per share, after profit of $7.1 per share a year ago; Analysts estimate a profit of 8 cents per share - LSEG

** Co reports Q4 revenue of $552.6 million, missing analysts estimates of $563.8 million

** During the quarter, industry oversupply drove wholesale shell egg prices to historically low inflation-adjusted levels - CEO Sherman Miller

** CALM's prepared foods production capacity projected to rise over 60% from end of fiscal 2026 to first half of fiscal 2028

** Last month, U.S. Justice Department and a coalition of 17 states reached a settlement with Cal-Maine Foods and two other major egg producers over an investigation into alleged manipulation of egg prices

** As of last close, stock up about 10% YTD


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