Cal-Maine Shares Crack After Wider-Than-Expected Loss, Muted Egg Prices

Cal-Maine Foods Inc (NASDAQ: CALM) reported a wider-than-expected adjusted loss of $1.23 per share for the first quarter of fiscal 2027, compared to consensus estimates of a loss of 77 cents per share. Net sales fell by 41.5% to $539.6 million, with a 40.4% decline in average selling price to $1.48 per dozen. The company's shares dropped by 3.28% to $65.83 following the announcement, and the price target was cut from $80 to $70 by analyst Pooran Sharma, who maintained an Equal-Weight rating amid concerns over muted egg prices and industry supply imbalances.