The research suggests that around 99% of the projected growth will come from emerging markets, led by Asia, Africa, and Latin America. "Higher per capita consumption due to rising incomes, urbanisation, and evolving consumer preferences are fueling demand, though population growth in these regions also plays a role," according to the report. However, the global egg industry faces new challenges, but also opportunities, in supply chain modernisation, distribution and sustainability. These factors look set to ...

Cal-Maine Foods Inc. (NASDAQ: CALM ) is an American egg producer headquartered in Mississippi that produces and distributes eggs to every region of the country. During its most recent fiscal year, which ended on May 31, 2025, 66.9%I am Liam Litong Tian, a young investor from San Diego, California, and a student at Cornell University. I have dabbled in investing over the past few years, and believe that it is a vital tool for acquiring wealth. I am deeply interested in real estate, professional services, eme ...

Core Viewpoint - The article discusses seven low beta stocks with dividend yields up to 8%, which are considered more stable during market downturns, providing a cushion against volatility [2][3]. Group 1: Low-Beta Dividend Stocks - Getty Realty (GTY) offers a 6.6% yield with a 5-year beta of 0.86 and a 1-year beta of 0.12, indicating lower volatility compared to the market. The company has a stable cash-flowing tenant base, primarily from convenience stores and car washes [5][7]. - AES Corp. (AES) has a 5.5% yield and operates with a 1-year beta of 0.88 and a 5-year beta of 0.96. It combines traditional utility services with renewable energy sales, providing growth potential [9][10]. - Northwest Bancshares (NWBI) offers a 6.8% yield with a 5-year beta of 0.69 and a 1-year beta of 0.80. The company has a solid balance sheet but faces challenges in consistent growth despite a recent merger [11][12]. - Conagra Brands (CAG) has a yield of 7.4% but faces significant challenges, including supply chain issues and food inflation, with a 1-year beta of -0.05 and a 5-year beta of 0.08 [17][21]. - Cal-Maine Foods (CALM) boasts an 8.0% yield and has seen a 60% increase year-to-date, with a 1-year beta of 0.67 and a 5-year beta of 0.19. The company has benefited from rising egg prices but faces income variability [23][24]. Group 2: Market Performance and Trends - The article highlights that low beta stocks tend to attract buyers during market downturns, which can help stabilize their share prices [3]. - The performance of low beta stocks like Kraft Heinz (KHC) and General Mills (GIS) has been disappointing, with low betas reflecting counter-market movements rather than stability [14][15]. - The overall trend indicates that while some low beta stocks have maintained dividends, their growth has been limited, and challenges remain in the current market environment [16][22].

Company Overview - Cal-Maine Foods is the leading fresh egg producer in the US, with 43.8 million laying hens and an annual sales volume of 1.3 billion dozen eggs as of FY2025 [1] Financial Position - The company is reported to be in an excellent financial position as of 2025 [1] Research Background - The analyst has over 10 years of experience researching various companies across multiple sectors, including commodities and technology, which contributes to the depth of analysis provided [1]

Company Overview - Cal-Maine Foods is the 1 U S producer and distributor of fresh eggs with approximately 20% retail egg market share[6,11] - The company sold 11 billion dozens of eggs in fiscal year 2022[11] - Cal-Maine Foods has a significant presence in the southern U S [11] Financial Performance - The company's revenue for fiscal year 2022 was $18 billion[11] - EBITDA for fiscal year 2022 was $235 million[11] - In the second quarter of fiscal year 2023, revenue reached $802 million and EBITDA was $283 million[34] Market Trends and Production - Specialty egg sales accounted for 39% of category sales in fiscal year 2022[11] - Cal-Maine Foods' produced-to-sold ratio improved to 93% in fiscal year 2022 from 84% in fiscal year 2019[71] - Approximately 34%-35% of the company's flock is currently housed in cage-free conditions[57] Strategic Initiatives - The company has committed approximately $685 million to expand cage-free capabilities since 2008[58,91] - Cal-Maine Foods aims to align sales with cage-free uptake and meet retailer commitments[60,138] - The largest customer represents 25% of revenue and the top-3 customers represent 42% of revenue[63]

Financial Performance & Market Position - Cal-Maine Foods is the 1 shell egg producer and distributor in the U S [6] - For Fiscal Year to Date 2023, Cal-Maine Foods' revenue reached $2 5 billion and EBITDA was $907 million [13] - In Q3 2023, revenue was $998 million and EBITDA was $444 million [34] - Cal-Maine Foods holds approximately 20% of the retail egg market share [11] and about 14% of the U S table egg layer flock [11] Production & Sales - Cal-Maine Foods sold 858 million dozens of eggs and 49 million lbs of egg products Fiscal Year to Date [13] - In Q3 2023, Cal-Maine Foods sold 291 million dozens of eggs [34] - Specialty egg sales accounted for 29% of category sales Fiscal Year to Date [12] and 27% in Q3 2023 [34] - Conventional egg sales made up 67% of category sales Fiscal Year to Date [12] and 69% in Q3 2023 [34] Cage-Free Transition & Sustainability - Approximately 37% of Cal-Maine Foods' flock is currently housed in cage-free conditions [124] - Cal-Maine Foods has committed $685 million to expand cage-free production capabilities since 2008 [86] - Cage-free egg sales accounted for 18% of total net shell egg sales in Q3 2023 [123]

Company Overview - Cal-Maine Foods is the 1 U S producer and distributor of fresh eggs[6] - The company has a diversified customer base, with 34% of revenue from its largest customer and 49% from its top 3 customers as of FY24[22] - Cal-Maine's operating footprint includes 27 feed mills, 3 breeding facilities, 2 hatcheries, 49 production facilities, 49 processing & packaging facilities, and 5 egg product facilities[19] Market Dynamics and Strategy - Approximately 27% of U S households are expected to be in cage-free states by 2030, driving a shift in production[48] - Conventional eggs maintain a leading retail market share, accounting for 56% of dozens sold by volume in FYTD 25[59] - The company is focused on operational excellence, adapting to changing consumer demand, and responsible capital allocation[71, 73, 75] Financial Performance and Capital Allocation - Cal-Maine reported net income of $219064 million in Q2 2025[145] - The company has paid a total of $905 million in dividends since FY2000[96] - From FY 2022 to FY 2025 (YTD), Cal-Maine allocated $438 million to dividends, $122 million to maintenance CapEx, $251 million to organic growth, $203 million to inorganic growth, and $51 million to ready-to-eat products[103] Acquisitions and Growth - Cal-Maine acquired ISE America, Inc for $112 million, increasing cage-free capacity by 1 million cage-free laying hens[115] - The company has completed 25 acquisitions through Q2 2025[113]

Investor Presentation November 2023 © Cal-Maine Foods. All rights reserved. SECTION 1 Company Overview CAL-MAINE FOODS | INVESTOR PRESENTATION | NOVEMBER 2023 2 Forward-looking statements and use of non-GAAP financial measures Forward‐Looking and Cautionary Statements This report contains numerous forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act") relating to our shell e ...

Group 1: Cal-Maine Foods (CALM) Expansion and Strategy - Cal-Maine Foods is advancing a $60 million expansion plan to increase capacity for 1.1 million cage-free layer hens and 250,000 pullets by the end of 2025, aligning with consumer demand for cage-free eggs [1][9] - The company is scaling its cage-free operations through organic investments and acquisitions, converting existing facilities to cage-free environments [2] - Recent acquisitions have significantly boosted CALM's cage-free hen count, including the acquisition of Red River Valley Egg Farm and Fassio Egg Farms, adding nearly 4 million cage-free hens since 2022 [3][9] Group 2: Market Position and Financial Performance - Cage-free eggs accounted for approximately 29.5% of CALM's total net shell egg sales in fiscal year 2024, supporting premium pricing and long-term growth [4][9] - CALM's stock performance has been strong, gaining 68.1% over the past year compared to a 9.2% decline in the industry [8] - The forward 12-month price/earnings (P/E) ratio for CALM is 17.84X, higher than the industry's 11.32X [10] Group 3: Earnings Estimates - The Zacks Consensus Estimate for Cal-Maine's fiscal 2025 earnings is $22.73 per share, reflecting a year-over-year increase of 299.5%, while the estimate for fiscal 2026 indicates a 74.9% decline to $5.71 [11]

Group 1 - GeneDx Holdings Corp. has seen a 12.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - NatWest Group plc has experienced a 5.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Herbalife Nutrition Ltd. has recorded a 9.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Cal-Maine Foods, Inc. has seen a significant 46.2% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Euroseas Ltd. has experienced an 8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]