Cal-Maine Foods reported its fiscal year 2025 net sales at US$4.3 billion and net income at US$1.2 billion, an 87 percent increase and 77 percent increase compared to fiscal 2024, respectively, in its recent financial review.
According to the producer, the growth is due to an increase in egg prices and volume sold during the year.
During the fourth fiscal quarter, specifically, the Easter holiday strengthened the demand for conventional and specialty shell eggs. Cal-Maine sold 311.4 million dozen shell eggs during the quarter, a nine percent increase compared to the fourth quarter of fiscal 2024.
Additionally, shell egg prices were inflated over the course of fiscal 2025, primarily due to outbreaks of highly pathogenic avian influenza (HPAI) reducing the U.S. layer supply.
To combat the effects of HPAI outbreaks in fiscal 2025, Cal-Maine did the following:
- Increased its layer hen stock during the fourth quarter of fiscal 2025 by 18 percent, compared to the prior year
- Increased its breeder flock number during the fourth quarter by 48 percent, compared to the prior year
- Increased its total chicks hatched during the fourth quarter by 56 percent, compared to the prior year
- Progressed its organic expansion projects, which are expected to add approximately 1.1 million cage-free layer hens, 250,000 pullets and contract the production of 1.2 million free-range layer hens
- Acquired processing facilities from ISE America, Inc., feed mills from Deal-Rite Feeds, Inc. and egg producer Echo Lake Foods
- Converted all its Class A Common Stock into Common Stock, then purchased approximately US$50 million of that stock
Max Bowman, Cal-Maine Foods Vice President and Chief Financial Officer, stated, “Our strategic focus on both organic growth and adding production capacity through acquisitions allowed us to meet customer demand with favorable results.”
Sherman Miller, Cal-Maine Foods President and Chief Executive Officer, added: “We continued to advance our growth strategy in a dynamic market environment, maintained a strong focus on safely, efficiently and sustainably managing our operations, added production capacity to meet customer demand and stayed disciplined in our investments.”
