Cal-Maine Foods, Inc. (CALM)

Cal-Maine Foods, Inc. (CALM) is the largest producer and distributor of fresh shell eggs in the United States. Led by CEO Sherman Miller, Cal-Maine’s mission is to be the "Most sustainable producer and reliable supplier of high-quality eggs." The company holds a dominant industry position, commanding a 16% share of the U.S. egg market and operating with 75% more layer hens than its closest domestic competitor. By late 2025, the company has successfully navigated the "Avian Flu" supply shocks, making CALM stock the definitive play on "Food Inflation" and the "Protein Transition." Its vision is to transition its entire production to cage-free and specialty eggs to meet evolving consumer and regulatory mandates.

The business operations of Cal-Maine are organized into Conventional Eggs and Specialty Eggs (Cage-Free, Organic, Nutritionally Enhanced). The core growth driver in 2025 has been the "Specialty Egg Surge," where specialty volume grew by 16%, now accounting for over 35% of total dozens sold. In fiscal 2025, CALM reported record net sales of $4.3 billion, an 83% increase year-over-year, driven by historically high average selling prices. The 2026 strategic roadmap focuses on "The $100 Million Cage-Free Expansion," aiming to convert legacy facilities to meet the 2026-2030 retail mandates for cage-free sourcing. By utilizing its "Low-Cost Feed Moat"—owning its own feed mills and grain storage—Cal-Maine maintains superior margins during commodity price spikes. This "Vertical Integration" is a primary driver for the CALM stock price. The company’s move into "Egg Products" (liquid and dried eggs) has also captured a significant share of the foodservice and industrial market, providing a high-margin revenue stream for CALM stock investors.

Agricultural and consumer staples analysts monitor CALM stock for its "Net Average Selling Price" (ASP) and its "Feed Cost per Dozen." Cal-Maine Foods, Inc. stock is listed on the Nasdaq Global Select Market under the ticker CALM. The CALM stock price is frequently influenced by corn and soybean meal prices, Avian Influenza headlines, and U.S. grocery store price trends. Analysts highlight Cal-Maine’s "Scale Moat"—its ability to supply national retailers like Walmart and Costco with consistent volume—as its greatest barrier to entry. By December 2025, the company has maintained its unique "Variable Dividend" policy, distributing record cash to shareholders, positioning CALM stock as a high-quality, cash-rich commodity asset. Those tracking the CALM stock price look for updates on their 2026 rollout of "Carbon-Neutral" egg brands.