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CAL-MAINE FOODS INC

For the period ended May 30, 2026. Filed Jul 22, 2026.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2026 · Filed Jul 22, 2026

CALM$68.83+6.5%Stored close · as of Nov 9, 2026

What changed in Risk Factors?

Read the current filing

Previous report: 10-K

Period ended 2025-05-31; filed 2025-07-22.

0001562762-25-000170

Item 1A. Risk Factors

Current report: 10-K

Period ended 2026-05-30; filed 2026-07-22.

0001562762-26-000080

Item 1A. Risk Factors

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 2594 previous paragraphs and 4334 current paragraphs.

1009 unchanged; 33 reworded; 3292 added; 1552 removed; 0 previous and 0 current paragraphs rearranged.

Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Added paragraphs (3292)

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to numerous

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many of which

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our control.

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a description

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condition or

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They should

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carefully, in

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addition to

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10-K, including

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and Analysis

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of Financial

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and Results

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of Operations,

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any investment

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securities.

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not currently known to

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currently deem

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immaterial or

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that could apply to any

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company could

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also materially

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our business, financial

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condition or results of operations.

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Statements” at the beginning of this

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of wholesale

Showing the first 40 of 3292 passages. Open the source sections for the rest.

Removed paragraphs (1552)

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control. The following is a description of

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the known factors that

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may materially affect our

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business, financial condition or

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of operations. They should

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carefully,

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the information set

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forth elsewhere

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in this Annual

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Management’s

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securities. Additional

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currently known

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that we are

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but currently

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deem to be

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immaterial or that

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could apply to

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any company could

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also materially adversely affect our business, financial condition or results of operations.

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INDUSTRY RISK FACTORS

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Market prices of

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wholesale shell eggs

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are volatile,

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in these prices

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can adversely impact

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Our operating results are significantly affected by wholesale shell egg market prices, which fluctuate widely and are outside our

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control. As a

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result, our

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prior performance

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should not

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be presumed

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an accurate

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indication of

Showing the first 40 of 1552 passages. Open the source sections for the rest.

Reworded paragraphs (33)

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for shell eggs will decline in the

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for shell eggs will decline

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feed costs declined during

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while feed costs declined during fiscal 2026,

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redistributed by us. This has occurred in the past and we were

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health risk. This has occurred in the past and

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requirements to be designated as cage-free. Conversely, if we acquire cage-free production capacity, which is more expensive to

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which is more expensive to purchase

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Part I. Item 3. Legal Proceedings

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see Part I. Item 3. Legal Proceedings below and

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to the Consolidated Financial Statements, Note 11

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Part II. Item 8. Notes to the Consolidated Financial

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A security breach of

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A security breach of sensitive information

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shortage of labor available to us

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results of operations. A shortage of labor available

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We and many of our customers face

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of our customers face

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volume of cage-free egg sales in the

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-free egg sales in the

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proportional quantities of cage-free eggs

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quantities of cage

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continue to do so, which

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obligation to continue to do so, which

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increasing the number of layers, which historically has ultimately resulted in an oversupply of eggs, leading to a period of lower

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result in an oversupply of cage-

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the U.S. Constitution” and lead to higher egg prices for U.S. consumers.

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and lead to higher egg prices

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uncertainties, we may over-estimate future demand for cage-free eggs, which could increase our costs unnecessarily,

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-free eggs, which could increase our

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long-term contracts to provide cage-free

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contracts to provide cage

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have accelerated an increase in demand for cage-free eggs, which increases uncertainty in our business

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increase in demand for cage-free eggs, this overproduction

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operating results and financial condition could be

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on our operating results and financial

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or growth of our flocks, decrease

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growth of our flocks, decrease production

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our ability to source the commodities

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ability to source the

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we use to feed our flocks, and

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we use to feed our

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proceedings may expose us to negative publicity,

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expose us to negative

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Changing consumer spending and habits and demand for eggs, particularly higher-priced eggs;

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and demand for eggs, particularly higher-priced eggs,

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provisions also could limit the price

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could limit the price

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who wish to participate in these

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who wish to participate

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to our Board or

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to our Board or for stockholder

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holders of at least 66-2/3%

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of the holders of at least

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of the voting power of all

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66-2/3% of the voting power

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us to issue 120,000,000 shares of our Common

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authorizes us to issue 120,000,000

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authorize our Board to set the

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authorizes our Board to set the terms

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terms of and issue preferred stock, without

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of and issue preferred

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could result in dilution of existing stockholders’

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in dilution of existing

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do so for various reasons including, but

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continue to do so for various