Cal-Maine Beats Earnings, Despite Sales Drop
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Cal-Maine Foods, the largest US egg producer, reported Q3 FY2026 earnings, beating profit estimates and causing a 5% stock surge. Despite a 53% drop in net sales to $667 million and a 34% decline in net income to $50.5 million, earnings per share of $1.06 topped expectations of $0.89. The company announced a new quarterly dividend of $0.36 per share. Cal-Maine anticipates steadier earnings as the egg market stabilizes, with demand remaining strong.
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