Cal-Maine Foods (CALM) 10-K 25 Jul 23 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 03, 2023	Jul. 25, 2023	Nov. 25, 2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 03, 2023
Document Transition Report	false
Entity File Number	001-38695
Entity Registrant Name	CAL-MAINE FOODS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	64-0500378
Entity Address, Address Line One	1052 Highland Colony Pkwy, Suite 200
Entity Address, City or Town	Ridgeland
Entity Address, State or Province	MS
Entity Address, Postal Zip Code	39157
City Area Code	601
Local Phone Number	948-6813
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	CALM
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2,435,832,883
Documents Incorporated by Reference	DOCUMENTS INCORPORATED The information called for its 2023 year covered by this report.
Current Fiscal Year End Date	--06-03
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0000016160
Auditor Name	Frost, PLLC
Auditor Firm Id	5348
Auditor Location	Little Rock, Arkansas
Common Stock [Member]
Entity Common Stock, Shares Outstanding		44,184,049
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,800,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Current assets:
Cash and cash equivalents	$ 292,824	$ 59,084
Investment securities available-for-sale	355,090	115,429
Receivables:
Trade receivables, net	110,980	169,109
Income tax receivable	66,966	42,147
Other	9,267	8,148
Total receivables, net	187,213	219,404
Inventories, net	284,418	263,316
Prepaid expenses and other current assets	5,380	4,286
Total current assets	1,124,925	661,519
Property, plant & equipment, net	744,540	677,796
Investments in unconsolidated entities	14,449	15,530
Goodwill	44,006	44,006
Intangible assets, net	15,897	18,131
Other long-term assets	10,708	10,507
Total assets	1,954,525	1,427,489
Current liabilities:
Trade accounts payable	82,590	82,049
Dividends payable	37,130	36,656
Accrued wages and benefits	38,733	26,059
Income tax payable	8,288	25,687
Accrued expenses and other liabilities	15,990	14,223
Total current liabilities	182,731	184,674
Other noncurrent liabilities	9,999	10,274
Deferred income taxes	152,212	128,196
Total liabilities	344,942	323,144
Commitments and contingencies - see Note 16
Stockholders' equity:
Paid-in capital	72,112	67,989
Retained earnings	1,571,112	1,065,854
Accumulated other comprehensive loss, net of tax	(2,886)	(1,596)
Common stock in treasury at cost - 26,077 and 26,121 shares in 2023 and 2022, respectively	(30,008)	(28,447)
Total Cal-Maine Foods, Inc. stockholders' equity	1,611,081	1,104,551
Noncontrolling interest in consolidated equity	(1,498)	(206)
Total stockholders' equity	1,609,583	1,104,345
Total Liabilities and Stockholders' Equity	1,954,525	1,427,489
Common Stock [Member]
Stockholders' equity:
Common stock	703	703
Class A Convertible Common Stock [Member]
Stockholders' equity:
Common stock	$ 48	$ 48

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Jun. 03, 2023	May 28, 2022
Common stock in treasury (in shares)	26,077	26,121
Common Stock [Member]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000	120,000
Common stock, shares issued (in shares)	70,261	70,261
Class A Convertible Common Stock [Member]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	4,800	4,800
Common stock, shares issued (in shares)	4,800	4,800

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Consolidated Statements of Income [Abstract]
Net sales	$ 3,146,217	$ 1,777,159	$ 1,348,987
Cost of sales	1,949,760	1,440,100	1,188,326
Gross profit	1,196,457	337,059	160,661
Selling, general and administrative	232,207	198,631	183,943
Gain on insurance recoveries	(3,345)	(5,492)	0
(Gain) loss on disposal of fixed assets	(131)	383	2,982
Operating income (loss)	967,726	143,537	(26,264)
Other income (expense):
Interest expense	(583)	(403)	(213)
Interest income	18,553	988	2,828
Patronage dividends	10,239	10,130	9,004
Equity in income of unconsolidated entities	746	1,943	622
Other, net	1,869	9,820	4,074
Total other income	30,824	22,478	16,315
Income (loss) before income taxes	998,550	166,015	(9,949)
Income tax expense (benefit)	241,818	33,574	(12,009)
Net income	756,732	132,441	2,060
Less: Net loss attributable to noncontrolling interest	(1,292)	(209)	0
Net income attributable to Cal-Maine Foods, Inc.	$ 758,024	$ 132,650	$ 2,060
Net income per common share:
Basic (in dollars per share)	$ 15.58	$ 2.73	$ 0.04
Diluted (in dollars per share)	$ 15.52	$ 2.72	$ 0.04
Weighted average shares outstanding:
Basic (in shares)	48,648	48,581	48,522
Diluted (in shares)	48,834	48,734	48,656

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Consolidated Statements of Comprehensive Income [Abstract]
Net income (loss)	$ 756,732	$ 132,441	$ 2,060
Other comprehensive loss, before tax:
Unrealized holding loss available-for-sale securities, net of reclassification adjustments	(1,714)	(1,398)	(736)
Increase in accumulated post-retirement benefits obligation, net of reclassification adjustments	(27)	(9)	(137)
Other comprehensive loss, before tax	(1,741)	(1,407)	(873)
Income tax benefit related to items of other comprehensive loss	(451)	(369)	(236)
Other comprehensive loss, net of tax	(1,290)	(1,038)	(637)
Comprehensive income	755,442	131,403	1,423
Less: comprehensive loss attributable to the noncontrolling interest	(1,292)	(209)	0
Comprehensive income attributable to Cal-Maine Foods, Inc.	$ 756,734	$ 131,612	$ 1,423

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Paid In Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Class A Common Stock [Member]	Class A Common Stock [Member] Common Stock [Member]	Class A Common Stock [Member] Retained Earnings [Member]
Beginning balance at May. 30, 2020	$ 1,010,097	$ 703	$ (26,674)	$ 60,372	$ 975,569	$ 79			$ 48
Balance (in shares) at May. 30, 2020		70,261
Balance (in shares) at May. 30, 2020			26,287						4,800
Stock compensation plan transactions	2,908		$ (759)	3,667
Stock compensation plan transactions (in shares)			(85)
Dividends	(1,489)				(1,489)			$ (163)		$ (163)
Contributions	5			5
Net income (loss)	2,060				2,060
Other comprehensive loss, net of tax	(637)					(637)
Ending balance at May. 29, 2021	1,012,781	$ 703	$ (27,433)	64,044	975,977	(558)			$ 48
Balance (in shares) at May. 29, 2021		70,261
Balance (in shares) at May. 29, 2021			26,202						4,800
Stock compensation plan transactions	2,931		$ (1,014)	3,945
Stock compensation plan transactions (in shares)			(81)
Dividends	(38,578)				(38,578)			(4,195)		(4,195)
Contributions	3						$ 3
Net income (loss)	132,441				132,650		(209)
Other comprehensive loss, net of tax	(1,038)					(1,038)
Ending balance at May. 28, 2022	1,104,345	$ 703	$ (28,447)	67,989	1,065,854	(1,596)	(206)		$ 48
Balance (in shares) at May. 28, 2022		70,261
Balance (in shares) at May. 28, 2022			26,121						4,800
Stock compensation plan transactions	2,562		$ (1,561)	4,123
Stock compensation plan transactions (in shares)			(44)
Dividends	(227,993)				(227,993)			$ (24,773)		$ (24,773)
Net income (loss)	756,732				758,024		(1,292)
Other comprehensive loss, net of tax	(1,290)					(1,290)
Ending balance at Jun. 03, 2023	$ 1,609,583	$ 703	$ (30,008)	$ 72,112	$ 1,571,112	$ (2,886)	$ (1,498)		$ 48
Balance (in shares) at Jun. 03, 2023		70,261
Balance (in shares) at Jun. 03, 2023			26,077						4,800

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Dividends per share	$ 5.161	$ 0.874	$ 0.034

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Cash flows from operating activities:
Net income	$ 756,732	$ 132,441	$ 2,060
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	72,234	68,395	59,477
Deferred income taxes	24,467	5,676	22,351
Equity in income of affiliates	(746)	(1,943)	(622)
Gain on insurance recoveries	(3,345)	(5,492)	0
Net proceeds from insurance settlement - business interruption	3,345	0	0
(Gain) loss on disposal of property, plant and equipment	(131)	383	2,982
Stock compensation expense, net of amounts paid	4,205	4,063	3,778
Unrealized (gain) loss on investments	17	(745)	1,810
(Gain) loss on sales of investments	60	(2,208)	(22)
Purchases of equity securities	(85)	(356)	(334)
Sales of equity securities	1,739	4,939	55
Amortization (accretion) of investments	(4,380)	977	890
Impairment of investment in affiliate	2,000	0	0
Gain on change in fair value of investment in affiliates	0	(4,545)	0
Other	35	(109)	(231)
Change in operating assets and liabilities, net of effects from acquisitions:
Increase (decrease) in receivables and other assets	30,816	(93,897)	(33,487)
Increase in inventories	(21,102)	(36,152)	(31,159)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	(2,851)	54,782	(1,412)
Net cash provided by operating activities	863,010	126,209	26,136
Cash flows from investing activities:
Purchases of investments	(530,781)	(98,243)	(88,283)
Sales of investments	291,832	92,703	129,108
Acquisition of business, net of cash acquired	0	(44,823)	0
Investment in unconsolidated entities	(1,673)	(3,000)	0
Distributions from unconsolidated entities	1,500	400	6,663
Purchases of property, plant and equipment	(136,569)	(72,399)	(95,069)
Net proceeds from insurance settlement - property, plant and equipment	0	7,655	0
Net proceeds from disposal of property, plant and equipment	580	686	3,390
Net cash used in investing activities	(375,111)	(117,021)	(44,191)
Cash flows from financing activities:
Principal payments on finance lease	(224)	(215)	(205)
Purchase of common stock by treasury	(1,643)	(1,127)	(871)
Payments of dividends	(252,292)	(6,117)	(1,652)
Contributions	0	3	5
Net cash used in financing activities	(254,159)	(7,456)	(2,723)
Increase (decrease) in cash and cash equivalents	233,740	1,732	(20,778)
Cash and cash equivalents at beginning of year	59,084	57,352	78,130
Cash and cash equivalents at end of year	292,824	59,084	57,352
Supplemental information:
Cash paid for operating leases	648	805	929
Income taxes paid	258,247	1,747	995
Interest paid	$ 561	$ 379	$ 508

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jun. 03, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Nature of Operations Cal-Maine marketing and distribution nutritionally-enhanced distributor southeastern, mid-western and mid-Atlantic regions of the United States. Principles of Consolidation The consolidated financial statements include over which we exercise control. All significant intercompany transactions and Fiscal Year The Company’s fiscal year-end June 3, 2023 , included 53 the fiscal years ended May 28, 2022 and May 29, 2021 included 52 Use of Estimates The preparation of the consolidated financial statements in conformity in the United States of America requires management to make consolidated financial statements and accompanying notes. Actual results could Cash Equivalents The equivalents. Company Company has not experienced any loss in such accounts. The Company manages this risk through maintaining cash deposits and other highly liquid investments in high quality financial institutions. We cash, concentration Checks issued, accounts payable. Investment Securities The Company because the amounts invested are available for current operations. Available quoted market prices as of the balance sheet date, with unrealized gains and losses recorded in other comprehensive income. The amortized cost of debt securities is adjusted for amortization in interest income. The Company regularly evaluates changes to the rating of conditions value was less than the amortized cost basis. Investments Consolidated Balance Sheets. Unrealized gains and losses for equity securities are recorded in other income (expenses) as Other, net in the Company’s Consolidated The cost Gains and losses are recognized in other income (expenses) as Other, Interest and dividends on securities classified as available-for-sale Trade Receivables Trade receivables are stated at their carrying values, which include a reserve for credit reserves for credit losses were $ 579 775 on an minimizes exposure to In determining our as one approximately 30.1 % and 27.9 % of the Company’s trade accounts receivable, Inventories Inventories of eggs, feed, value. The accumulated during a growing period 22 lives of the flocks, generally one two years . Flock mortality is charged to cost of sales as incurred. The information is not utilized by management in the operation of the Company. Property, Property, lives, which 15 25 3 12 maintenance are expensed as incurred. property, depreciation are removed from the accounts and any gain or loss is included in operations. The Company capitalizes interest cost incurred on funds used to construct property, plant, and equipment over the asset’s and an impairment assessment may be performed on the recoverability Investments in Unconsolidated Entities The equity method its financial Company’s share of undistributed earnings when impairment, plus or minus observable price changes. The Company is a member of Eggland’s Best, Inc. cost, plus or minus any allocated equities and retains. Goodwill Goodwill evaluated for impairment annually by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. of a reporting any impairment. During the end to the annual planning and forecasting process. impairment of goodwill. The change has been applied prospectively Intangible Assets Included in other intangible assets are separable intangible assets acquired in business acquisitions, which include franchise non-compete agreements 5 15 years. The amortized and occur, asset lives may Accrued Self Insurance We use a combination of insurance welfare, estimated, in part, by considering claims experience, demographic factors, Dividend Payable We The Company quarter for which the Company reports net income attributable to Cal-Maine an amount 1/3 ) of following the last day of such quarter, except for the fourth fiscal quarter. shareholders of Following a quarter for which the Company does not report net income not pay a dividend date of the most recent quarter for which a dividend was paid. Treasury Stock Treasury treasury issuance of based compensation plans are credited or charged to paid-in Revenue Recognition and Delivery Costs Revenue recognition is completed upon satisfaction of the performance obligation to the customer, which typically occurs within days of Note 13 policy. The Company believes to deliver Statements estimated returns sale using historical trends based on actual sales returns and sales. Advertising Costs The Company expensed advertising 3.4 12.6 11.7 2021, respectively. Income Taxes Income differences income tax purposes. The believes it positions must meet the more-likely-than-not the outcomes Company interest on the portion of the tax benefit not recognized. The Company initially and subsequently measures the largest amount tax benefit relevant expense. Based Company’s consolidated Stock Based Compensation The restricted stock and performance-based shares, in the Consolidated Statements of Note Compensation Plans Business Combinations The Company applies the acquisition and liabilities assumed, the date of acquisition. We the considers the remaining estimated life of the assets acquired and what We valuing certain intangible assets include, but rates and useful Loss Contingencies Certain conditions may exist as of the date the financial statements are issued that may result in a loss to the Company but which will only be assess contingencies proceedings, the Company’s as the perceived merits of the amount of relief sought or expected to be If the assessment can be potentially material loss contingency is nature of the disclosed. Loss nature of the guarantee would be disclosed. The Company expenses the costs of litigation as they are incurred. New Accounting Pronouncements and Policies No new accounting pronouncement issued or effective Consolidated Financial Statements.

Acquisition

Acquisition	12 Months Ended
	Jun. 03, 2023
Acquisition [Abstract]
Acquisition	Note 2 – Acquisition Effective on May 30, 2021, the Company acquired the remaining 50 % membership interest in Red River Valley (“Red River”), Company. Red River owns and 1.7 hens, approximately 400 The assumed recognized at the acquisition date: Cash consideration paid $ 48,500 Fair value of the Company's equity interest in Red River held before the business combination 48,500 $ 97,000 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 3,677 Accounts receivable, net 1,980 Inventory 8,789 Property, plant and equipment 85,002 Liabilities assumed (2,448) Deferred income taxes (8,481) Total identifiable 88,519 Goodwill 8,481 $ 97,000 Cash and accounts receivable acquired along with liabilities value due to the short maturity of these instruments. Inventory consisted value as management inventory were all valued based on market prices as of May 30, 2021. Property, the assets and subtracting any depreciation resulting from physical deterioration The Company recognized a gain of $ 4.5 50 % equity interest in Red River held before Company’s Condensed Consolidated Statements of Income. The acquisition 8.3 million, 7.3 investment in Red River, with a corresponding non-recurring, 955,000 taxable remeasurement gain associated with the acquisition. As part of the acquisition accounting, the Company also $ 8.5 recognition of deferred deductible for income tax purposes.

Investment Securities

Investment Securities	12 Months Ended
	Jun. 03, 2023
Investments Securities [Abstract]
Investment Securities	Note 3 - Investment Securities The following presents the Company’s June 3, 2023 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 16,571 $ — $ 275 $ 16,296 Commercial paper 56,486 — 77 56,409 Corporate bonds 139,979 — 1,402 138,577 Certificates of deposits 675 — — 675 US government and agency obligations 101,240 — 471 100,769 Asset backed securities 13,459 — 151 13,308 Treasury bills 29,069 — 13 29,056 Total current $ 357,479 $ — $ 2,389 $ 355,090 Mutual funds $ 2,172 $ — $ 91 $ 2,081 Total noncurrent $ 2,172 $ — $ 91 $ 2,081 May 28, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 10,136 $ — $ 32 $ 10,104 Commercial paper 14,940 — 72 14,868 Corporate bonds 74,167 — 483 73,684 Certificates of deposits 1,263 — 18 1,245 US government and agency obligations 2,205 4 — 2,209 Asset backed securities 13,456 — 137 13,319 Total current $ 116,167 $ 4 $ 742 $ 115,429 Mutual funds $ 3,826 $ — $ 74 $ 3,752 Total noncurrent $ 3,826 $ — $ 74 $ 3,752 Available-for-sale Proceeds 291.8 92.7 129.1 during fiscal 2023, 2022, 51 181 thousand, 456 87 76 thousand, and $ 19 no Actual maturities may differ from contractual maturities because some or thousands): Estimated Fair Value Within one year $ 269,830 1-5 years 85,260 Total $ 355,090 Noncurrent Proceeds from sales and maturities of noncurrent investment securities were $ 1.7 4.9 54 fiscal 2023, were $ 6 2.2 611 66 There were no

Fair Value Measures

Fair Value Measures	12 Months Ended
	Jun. 03, 2023
Fair Value Measures [Abstract]
Fair Value Measures	Note 4 - Fair Value The Company hierarchy. The knowledgeable, and willing be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be the liability with the creditor. ● Level 1 ● Level 2 directly or indirectly, o Quoted prices for similar assets or liabilities in active markets o Quoted prices for identical or similar assets in non-active markets o Inputs other than quoted prices that are observable for the asset or liability o Inputs derived principally ● Level 3 to the fair value of the assets or liabilities The disclosure of fair value of certain financial assets and liabilities recorded Cash and cash equivalents, accounts receivable, short maturity of these instruments. Assets and Liabilities Measured at Fair In accordance with liabilities that are required to be measured at fair value on a recurring June 3, 2023 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 16,296 $ — $ 16,296 Commercial paper — 56,409 — 56,409 Corporate bonds — 138,577 — 138,577 Certificates of deposits — 675 — 675 US government and agency obligations — 100,769 — 100,769 Asset backed securities — 13,308 — 13,308 Treasury bills — 29,056 — 29,056 Mutual funds 2,081 — — 2,081 Total assets measured at fair $ 2,081 $ 355,090 $ — $ 357,171 May 28, 2022 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 10,104 $ — $ 10,104 Commercial paper — 14,868 — 14,868 Corporate bonds — 73,684 — 73,684 Certificates of deposits — 1,245 — 1,245 US government and agency obligations — 2,209 — 2,209 Asset backed securities — 13,319 — 13,319 Mutual funds 3,752 — — 3,752 Total assets measured at fair $ 3,752 $ 115,429 $ — $ 119,181 Investment securities – available-for-sale purchased. We inputs for these securities are yields, credit risks, default rates, and volatility.

Inventories

Inventories	12 Months Ended
	Jun. 03, 2023
Inventories [Abstract]
Inventories	Note 5 - Inventories Inventories consisted of the following (in thousands): June 3, 2023 May 28, 2022 Flocks, net of amortization $ 164,540 $ 144,051 Eggs and egg products 28,318 26,936 Feed and supplies 91,560 92,329 $ 284,418 $ 263,316 We grow and maintain (male and female May 28, 2022, 10.8 11.5 41.2 42.2 layers, respectively. The Company expensed amortization and mortality associated with the June 3, 2023 May 28, 2022 May 29, 2021 Amortization $ 186,973 $ 160,107 $ 133,448 Mortality 10,455 8,011 6,769 Total flock costs charged $ 197,428 $ 168,118 $ 140,217

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jun. 03, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Note 6 - Property, Property, plant and equipment June 3, 2023 May 28, 2022 Land and improvements $ 117,279 $ 109,833 Buildings and improvements 552,669 517,859 Machinery and equipment 715,205 655,925 Construction-in-progress 98,605 71,967 1,483,758 1,355,584 Less: accumulated depreciation 739,218 677,788 $ 744,540 $ 677,796 Depreciation expense was 69.4 65.8 56.5 and May 29, 2021, respectively. The Company fires. Insurance recoveries assets, received or committed when all contingencies associated with the recoveries are resolved. Losses related to property damage are recorded within “(Gains) loss interruption are recorded finalized Company’s consolidated

Investment in Unconsolidated En

Investment in Unconsolidated Entities	12 Months Ended
	Jun. 03, 2023
Investment in Unconsolidated Entities [Abstract]
Investment in Unconsolidated Entities	Note 7 - Investment in Unconsolidated Entities As of 50 % in Specialty Eggs, Eggs owns the Egg-Land's Best franchise for most of Georgia and South Carolina, as well as and eastern Alabama. Southwest Specialty County, Nevada (including As of May 50 % in Red Note 2 – Acquisition ). The Company accounted for Red River using the equity method of Equity method investments are included Sheets and totaled $ 9.7 10.5 Equity 746 1.9 622 included in the Consolidated Statements of Income for fiscal 2023 The condensed consolidated For the fiscal year ended June 3, 2023 May 28, 2022 May 29, 2021 Net sales $ 222,602 $ 145,281 $ 119,853 Net income 1,492 3,942 1,596 Total assets 27,784 42,971 106,592 Total liabilities 9,854 21,892 5,850 Total equity 17,930 21,079 100,742 The following relates to the Company’s For the fiscal year ended June 3, 2023 May 28, 2022 May 29, 2021 Sales to unconsolidated entities $ 136,351 $ 94,311 $ 56,765 Purchases from unconsolidated entities 75,024 60,016 76,059 Distributions from unconsolidated entities 1,500 400 6,663 June 3, 2023 May 28, 2022 Accounts receivable from unconsolidated entities $ 4,719 $ 10,815 Accounts payable to unconsolidated entities 3,187 4,678

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Jun. 03, 2023
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Other Intangible Assets	Note 8 - Goodwill and Other Intangible Assets Goodwill and other intangibles consisted of the following (in thousands): Other Intangibles Franchise Customer Non-compete Right of Water Total Goodwill rights relationships agreements Use rights Trademark intangibles Balance May 29, 2021 $ 35,525 $ 16,699 $ 1,688 $ 1,019 $ 29 $ 720 $ 186 $ 55,866 Additions 8,481 — — — 10 — — 8,491 Amortization — (1,628) (362) (159) (21) — (50) (2,220) Balance May 28, 2022 44,006 15,071 1,326 860 18 720 136 62,137 Amortization — (1,657) (356) (152) (18) — (51) (2,234) Balance June 3, 2023 $ 44,006 $ 13,414 $ 970 $ 708 $ — $ 720 $ 85 $ 59,903 For the Other Intangibles listed above, the gross carrying amounts and June 3, 2023 May 28, 2022 Gross carrying Accumulated Gross carrying Accumulated amount amortization amount amortization Other intangible assets: Franchise rights $ 29,284 $ (15,870) $ 29,284 $ (14,213) Customer relationships 9,644 (8,674) 9,644 (8,318) Non-compete agreements 1,450 (742) 1,450 (590) Right of use intangible 239 (239) 239 (221) Water rights * 720 — 720 — Trademark 400 (315) 400 (264) Total $ 41,737 $ (25,840) $ 41,737 $ (23,606) * No significant residual value is estimated for these and 2021 totaled $ 2.2 2.2 2.5 The following table presents the total estimated amortization of intangible For fiscal year Estimated amortization expense 2024 $ 2,170 2025 2,035 2026 1,831 2027 1,828 2028 1,758 Thereafter 5,555 Total $ 15,177

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jun. 03, 2023
Employee Benefit Plans [Abstract]
Employee Benefit Plans	Note 9 - Employee Benefit Plans The Company maintains a medical plan that is qualified under Section tax under present income tax laws. The plan is funded by contributions from the Company and its employees. Under its plan, the Company insurance 275,000 incurred but not 21.9 24.6 21.7 and 2021, respectively. 2.9 2.8 3, Consolidated Balance Sheets. The Company Plan at a rate of 3 % of participants eligible compensation, plus an additional amount determined at the discretion of the Board of Directors. Contributions contributions to the Plan were $ 4.3 3.9 3.8 Company did no t make direct contributions of the Company’s the Company’s Common Stock are paid to the Plan in cash. The Plan acquires the Company’s Common Stock, which is listed on the NASDAQ, by sells Common Stock on the NASDAQ to pay benefits to Plan participants. Participants may make contributions to the Plan up to the maximum allowed by the Internal Revenue Service regulations. Deferred Compensation Plans The beginning when the officers 65 upon agreements 170 $ 1.0 1.1 liabilities” in the Company’s Consolidated The December 1, 2021 (the “Amended DC Plan”) to expand eligibility for participation from named officers only to a select group of management or highly participants Amended DC Plan. st or, if earlier, the participant’s attainment of age 60 5 388 thousand, $ 340 279 DC Plan were $ 410 480 55 for the Amended DC Plan was $ 4.6 4.5 4.1 and is classified within “Other noncurrent liabilities” in the Company’s Deferred compensation expense for 346 258 1.6 2021, Other Postretirement Employee Benefits The Company employees which time coverage prior to May 1, 2012 and their spouses must participate in Medicare and their spouses must participate in Medicare Plans A, B, and D. The plan is accounted for recognizes the funded status of a defined benefit postretirement plan as status in the year the change occurs through comprehensive income. Additionally, over the employees’ approximate period of employment. The liability associated with the plan was $ 2.7 3.4 at Company’s financial statements. Effective dollar life insurance plan (“Split Dollar Plan”) designed a participants in the SERP are eligible to receive an aggregate retirement benefit of $ 500,000 , which is paid in annual installments of $ 50,000 10 years . A participant five years 20 % per year. If a participant becomes disabled, attains the retirement age of 65, or the Company experiences a change in control, vesting will be 100 %. If their beneficiaries The liability recorded 63 the Company’s Consolidated Balance

Credit Facility

Credit Facility	12 Months Ended
	Jun. 03, 2023
Credit Facility [Abstract]
Credit Facility	Note 10 - Credit Facility For 583 403 213 primarily related to commitment fees on the Credit Facility described below. On May dated November 15, 2021 (as amended, the “Credit Agreement”). interest rate benchmark a successor five -year term. Credit aggregate principal 250 15 credit and a $ 15 consent of BMO 200 million by adding one or more under the Revolver. No fiscal 2022. 4.3 2023. The Adjusted Term SOFR Rate plus the means with respect to any tenor, (ii) 0.10 % (10 basis then Adjusted 0.00 %. The “Base Rate” means a fluctuating rate per annum 0.50 % per annum, (b) the prime rate of one -month tenor plus 1.00 %. The 0.00 % to 0.75 % per 1.00 % to 1.75 % per SOFR Loans, in date. The 0.15 % to 0.25 % in each case depending upon the Total Funded Debt to Capitalization Ratio for the Company at the quarterly pricing date. The Company (the and the Guarantors’ accounts, payment intangibles, instruments (including promissory notes), chattel paper, inventory (including farm products) and deposit accounts maintained with the Administrative Agent. The incurrence of requires maintenance of two financial covenants: (i) a maximum Total Funded Debt to Capitalization Ratio tested greater than 50 %; and (ii) a requirement to maintain Minimum 700 50 % of net income Additionally, any trust, partnership, similar limited liability 100 % of the voting control foregoing, shall maintain 50 % of the Company's default under the terms of the payment of other dividend Company and its subsidiaries plus availability under the Credit Facility equals at least $ 50 The Credit default, including acceleration Facility. At June 3, 2023, we were in compliance with the covenant requirements of the

Equity

Equity	12 Months Ended
	Jun. 03, 2023
Equity [Abstract]
Equity	Note 11 - Equity The Company has two or the Company's Second Restated Certificate of Incorporation stock vote as one ten voting in dividend rights. In the dividend (payable only in shares of Common Stock) as the holders of Class A Common Stock receive (payable only Class A Common to share ratably The holders capital stock proportion. No dividend may be declared and paid on Class A Common of Class A Common Stock and a dividend is declared and paid to Common Stock Each share one The Company’s and entities that are permitted to ten converting into shares of Common arrangements and entities such as revocable trusts and limited liability companies that could hold Class A Common Stock benefit of Immediate Family Members. Each Permitted Charter, with a person other the automatically 4,300,000 beneficially owned by Immediate Family 4,600,000 Common Stock Transferees.

Net Income per Common Share

Net Income per Common Share	12 Months Ended
	Jun. 03, 2023
Net Income per Common Share [Abstract]
Net Income per Common Share	Note 12 - Net Income per Common Share Basic net income Common Stock common shares outstanding during the relevant period adjusted for the dilutive The following table provides a reconciliation of the per common share attributable to Cal-Maine Foods, Inc. (amounts in June 3, 2023 May 28, 2022 May 29, 2021 Numerator Net income $ 756,732 $ 132,441 $ 2,060 Less: Net loss attributable to noncontrolling interest (1,292) (209) — Net income attributable to Cal-Maine Foods, Inc. $ 758,024 $ 132,650 $ 2,060 Denominator Weighted-average 48,648 48,581 48,522 Effect of dilutive securities of restricted shares 186 153 134 Weighted-average 48,834 48,734 48,656 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 15.58 $ 2.73 $ 0.04 Diluted $ 15.52 $ 2.72 $ 0.04

Revenue Recognition

Revenue Recognition	12 Months Ended
	Jun. 03, 2023
Revenue Recognition [Abstract]
Revenue Recognition	Note 13 - Revenue Recognition Satisfaction of Performance Obligation The vast majority of the Company’s for products. Pricing establishes the contract for that order. Revenues are shell eggs The performance obligation the order. Costs Consolidated Statements 77.5 62.7 52.7 2021, Returns and Refunds Some of our contracts include a guaranteed sale clause, pursuant to which we customer is unable to sell before expiration. The Company records an allowance return data and comparing to current period sales and accounts receivable the same period the revenue is recognized. Sales Incentives Provided to Customers The Company periodically provides offers (e.g., percentage discounts off current purchases), inducement current purchase), and other similar offers. Current discount offers, when accepted by customers, are treated as a reduction to the sales price price based on estimated future redemption rates. similar inducement offers. Current discount and inducement offers Disaggregation of Revenue The following table provides revenue disaggregated by product category 14 Weeks Ended 13 Weeks Ended 53 Weeks Ended 52 Weeks Ended June 3, 2023 May 28, 2022 June 3, 2023 May 28, 2022 Conventional shell egg sales $ 395,433 $ 378,190 $ 2,051,961 $ 1,061,995 Specialty shell egg sales 256,190 186,518 956,993 648,838 Egg products 33,996 26,488 122,270 60,004 Other 3,061 1,768 14,993 6,322 $ 688,680 $ 592,964 $ 3,146,217 $ 1,777,159 Contract Costs The Company can incur costs to one year, they are expensed as incurred. When the amortization period is greater than one year, a contract asset is recognized and is amortized over the contract life is immaterial. Contract Balances The Company There Concentration of Credit Risks Our largest customer, Walmart 34.2 %, 29.5 % and 29.8 % of net sales dollars for fiscal 2023, 2022, and 2021, respectively. 10.1 % of net sales dollars for fiscal

Stock Compensation Plan

Stock Compensation Plan	12 Months Ended
	Jun. 03, 2023
Stock Compensation Plans [Abstract]
Stock Compensation Plans	Note 14 - Stock Compensation Plans On Incentive selected individuals who are expected to contribute to our long-term success. The maximum number of available 2,000,000 941,593 authorized employee member of the Company’s or one of our subsidiaries (except for incentive stock options, which may be granted The only outstanding awards under date, or upon death or no other service disposal, constitutes issued and outstanding shares of the Company’s Common Stock for all of restriction price and is amortized on a straight-line basis over the vesting period. Forfeitures are Total 4.2 4.1 3.8 respectively. Our unrecognized 7.2 7.0 May 28, 2.1 years. A summary of our equity award activity and related information for our Number of Shares Weighted Average Date Fair Value Outstanding, May 29, 2021 302,147 $ 39.37 Granted 113,142 41.13 Vested (92,918) 42.45 Forfeited (4,527) 38.01 Outstanding, May 28, 2022 317,844 $ 39.12 Granted 84,969 54.10 Vested (98,684) 38.25 Forfeited (9,989) 39.69 Outstanding, June 3, 2023 294,140 $ 43.72

Income Taxes

Income Taxes	12 Months Ended
	Jun. 03, 2023
Income Taxes [Abstract]
Income Taxes	Note 15 - Income Taxes Income tax expense (benefit) consisted of the following: Fiscal year ended June 3, 2023 May 28, 2022 May 29, 2021 Current: Federal $ 180,521 $ 24,228 $ (35,090) State 36,830 3,670 730 217,351 27,898 (34,360) Deferred: Federal 19,952 2,716 21,658 State 4,515 2,960 693 24,467 5,676 22,351 $ 241,818 $ 33,574 $ (12,009) Significant components of the Company’s June 3, 2023 May 28, 2022 Deferred tax liabilities: Property, plant and equipment $ 109,590 $ 100,250 Inventories 44,986 31,987 Investment in affiliates 1,133 65 Other 5,702 5,713 Total deferred 161,411 138,015 Deferred tax assets: Accrued expenses 3,838 4,041 State operating loss carryforwards 78 470 Other comprehensive income 1,317 866 Other 3,966 4,442 Total deferred 9,199 9,819 Net deferred tax liabilities $ 152,212 $ 128,196 The differences between income tax expense (benefit) at the Company’s statutory federal income tax rate were as follows: Fiscal year end June 3, 2023 May 28, 2022 May 29, 2021 Statutory federal income tax $ 209,418 $ 34,907 $ (2,087) State income taxes, net 32,662 5,237 1,124 Domestic manufacturers deduction — — 3,566 Enacted net operating loss carryback provision — — (16,014) Tax exempt — (9) (50) Reversal of outside basis in equity investment Red River — (7,310) — Non-taxable remeasurement gain Red River — (955) — Other, net (262) 1,704 1,452 $ 241,818 $ 33,574 $ (12,009) As of no no penalties related to uncertain tax positions. We Service examination by federal and state taxing jurisdictions to which we are

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 03, 2023
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 16 - Commitments and Contingencies State of Texas On April 23, 2020, the Company and its subsidiary Wharton County Foods, LLC (“WCF”) were named as defendants in State of Texas of Harris County, of State claimed emergency and made misleading the Company and WCF to prevent further alleged violations of the DTPA, 100,000 2020, the the State filed a the Company and WCF appealed the First District Court’s decision to the Supreme Court of Texas. filed its brief on the merits, 2023. Management believes the risk of material loss related to this matter to be remote. Bell et al. v. Cal-Maine Foods et al. On April 30, 2020, the Company was named as one of several defendants in Bell et al. v. Cal-Maine Foods et al., Case No. 1:20- cv-461, in the Western and farms. during the COVID-19 state of sold, enjoin the Company declaration 10,000 250,000 impacting anyone over 65 years old. On December the plaintiffs’ amended class action complaint. The plaintiffs subsequently filed a motion to strike, and the motion to dismiss and related proceedings were referred to a United States magistrate judge. On July 14, 2021, the magistrate judge issued a report and recommendation to lack of subject matter jurisdiction. On September 20, 2021, the court dismissed the case without prejudice. On July 13, 2022, the court denied the plaintiffs’ motion to set aside or amend On March 15, 2022, et al., Case No. 1:22-cv-246, in the Western District of Texas, Austin Division alleging complaint. On August 12, complaint. On January 9, 2023, the court entered an order and final judgement On February Circuit, Case No. Management believes the risk of material loss related to both matters to be remote. Kraft Foods Global, Inc. et al. v. As previously cases involving plaintiffs who sought substantial remaining plaintiffs until a subsequent settlement was reached as described below, On September 13, 2019, the case with the Egg Products Plaintiffs was remanded from a multi-district litigation proceeding in the United States District Court for 2002, Producers, Inc. et al., Case No. 1:11-cv-8808, for trial. The Egg Products violated Section 1 the prices that of the United Egg Products money damages. trial date due to COVID-19 for October 16, 2023. In addition, dismissing all or results of operations. On November court dismissed the Company with prejudice. The Company intends to on resolution of management believes that there is Plaintiffs, at range of factors, resulted in findings of prior related cases; there are significant factual issues to damages (i.e., injunction and treble money damages). State of Oklahoma Watershed Pollution On June against Cal-Maine Foods, Inc. and Tyson Foods, Inc., Cobb-Vantress, Inc., Cargill, Simmons Foods, Inc., and certain defendants injunctive relief and monetary damages, but the claim for monetary discontinued operations 100 % of the membership River producers that operate in the area. The non-jury trial in the case began in September 2009 findings of defendants liable for state law nuisance, federal vicariously liable for the actions of on appropriate remedies. On June 12, 2023, the court ordered the Reece Tacha been set but is expected to be in the September to October time frame this fall. While management believes possibility of a material loss from the case, at the present any, of potential costs on appropriate remedies, the ongoing negotiations with the State on appropriate remedies and upcoming mediation, regarding defendants is small. Other Matters In addition to outcome of these matters cannot be determined with certainty, management, upon the advice of counsel, final outcome should not have a material effect on the Company’s

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Jun. 03, 2023
Schedule II - Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts Disclosure	Description Balance at Beginning of Period Charged to Cost and Expense Write-off of Accounts Balance at End of Period Year Allowance for doubtful accounts $ 775 $ (148) $ 48 $ 579 Year Allowance for doubtful accounts $ 795 $ 30 $ 50 $ 775 Year Allowance for doubtful accounts $ 743 $ 135 $ 83 $ 795

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Jun. 03, 2023
Summary of Significant Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Cal-Maine marketing and distribution nutritionally-enhanced distributor southeastern, mid-western and mid-Atlantic regions of the United States.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include over which we exercise control. All significant intercompany transactions and
Fiscal Year	Fiscal Year The Company’s fiscal year-end June 3, 2023 , included 53 the fiscal years ended May 28, 2022 and May 29, 2021 included 52
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity in the United States of America requires management to make consolidated financial statements and accompanying notes. Actual results could
Cash Equivalents	Cash Equivalents The equivalents. Company Company has not experienced any loss in such accounts. The Company manages this risk through maintaining cash deposits and other highly liquid investments in high quality financial institutions. We cash, concentration Checks issued, accounts payable.
Investment Securities	Investment Securities The Company because the amounts invested are available for current operations. Available quoted market prices as of the balance sheet date, with unrealized gains and losses recorded in other comprehensive income. The amortized cost of debt securities is adjusted for amortization in interest income. The Company regularly evaluates changes to the rating of conditions value was less than the amortized cost basis. Investments Consolidated Balance Sheets. Unrealized gains and losses for equity securities are recorded in other income (expenses) as Other, net in the Company’s Consolidated The cost Gains and losses are recognized in other income (expenses) as Other, Interest and dividends on securities classified as available-for-sale
Trade Receivables	Trade Receivables Trade receivables are stated at their carrying values, which include a reserve for credit reserves for credit losses were $ 579 775 on an minimizes exposure to In determining our as one approximately 30.1 % and 27.9 % of the Company’s trade accounts receivable,
Inventories	Inventories Inventories of eggs, feed, value. The accumulated during a growing period 22 lives of the flocks, generally one two years . Flock mortality is charged to cost of sales as incurred. The information is not utilized by management in the operation of the Company.
Property, Plant and Equipment	Property, Property, lives, which 15 25 3 12 maintenance are expensed as incurred. property, depreciation are removed from the accounts and any gain or loss is included in operations. The Company capitalizes interest cost incurred on funds used to construct property, plant, and equipment over the asset’s and an impairment assessment may be performed on the recoverability
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities The equity method its financial Company’s share of undistributed earnings when impairment, plus or minus observable price changes. The Company is a member of Eggland’s Best, Inc. cost, plus or minus any allocated equities and retains.
Goodwill	Goodwill Goodwill evaluated for impairment annually by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. of a reporting any impairment. During the end to the annual planning and forecasting process. impairment of goodwill. The change has been applied prospectively
Intangible Assets	Intangible Assets Included in other intangible assets are separable intangible assets acquired in business acquisitions, which include franchise non-compete agreements 5 15 years. The amortized and occur, asset lives may
Accrued Self Insurance	Accrued Self Insurance We use a combination of insurance welfare, estimated, in part, by considering claims experience, demographic factors,
Dividends Payable	Dividend Payable We The Company quarter for which the Company reports net income attributable to Cal-Maine an amount 1/3 ) of following the last day of such quarter, except for the fourth fiscal quarter. shareholders of Following a quarter for which the Company does not report net income not pay a dividend date of the most recent quarter for which a dividend was paid.
Treasury Stock	Treasury Stock Treasury treasury issuance of based compensation plans are credited or charged to paid-in
Revenue Recognition and Delivery Costs	Revenue Recognition and Delivery Costs Revenue recognition is completed upon satisfaction of the performance obligation to the customer, which typically occurs within days of Note 13 policy. The Company believes to deliver Statements estimated returns sale using historical trends based on actual sales returns and sales.
Advertising Costs	Advertising Costs The Company expensed advertising 3.4 12.6 11.7 2021, respectively.
Income Taxes	Income Taxes Income differences income tax purposes. The believes it positions must meet the more-likely-than-not the outcomes Company interest on the portion of the tax benefit not recognized. The Company initially and subsequently measures the largest amount tax benefit relevant expense. Based Company’s consolidated
Stock Based Compensation	Stock Based Compensation The restricted stock and performance-based shares, in the Consolidated Statements of Note Compensation Plans
Business Combinations	Business Combinations The Company applies the acquisition and liabilities assumed, the date of acquisition. We the considers the remaining estimated life of the assets acquired and what We valuing certain intangible assets include, but rates and useful
Loss Contingencies	Loss Contingencies Certain conditions may exist as of the date the financial statements are issued that may result in a loss to the Company but which will only be assess contingencies proceedings, the Company’s as the perceived merits of the amount of relief sought or expected to be If the assessment can be potentially material loss contingency is nature of the disclosed. Loss nature of the guarantee would be disclosed. The Company expenses the costs of litigation as they are incurred.
New Accounting Pronouncements and Policies	New Accounting Pronouncements and Policies No new accounting pronouncement issued or effective Consolidated Financial Statements.

Fair Value Measures (Policy)

Fair Value Measures (Policy)	12 Months Ended
	Jun. 03, 2023
Fair Value Measures [Abstract]
Fair Value Measurement	The Company hierarchy. The knowledgeable, and willing be paid to transfer the liability to a new obligor in a transaction between such parties, not the amount that would be the liability with the creditor. ● Level 1 ● Level 2 directly or indirectly, o Quoted prices for similar assets or liabilities in active markets o Quoted prices for identical or similar assets in non-active markets o Inputs other than quoted prices that are observable for the asset or liability o Inputs derived principally ● Level 3 to the fair value of the assets or liabilities The disclosure of fair value of certain financial assets and liabilities recorded Cash and cash equivalents, accounts receivable, short maturity of these instruments.

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Jun. 03, 2023
Acquisition [Abstract]
Allocation of Purchase Price	Cash consideration paid $ 48,500 Fair value of the Company's equity interest in Red River held before the business combination 48,500 $ 97,000 Recognized amounts of identifiable assets acquired and liabilities assumed Cash $ 3,677 Accounts receivable, net 1,980 Inventory 8,789 Property, plant and equipment 85,002 Liabilities assumed (2,448) Deferred income taxes (8,481) Total identifiable 88,519 Goodwill 8,481 $ 97,000

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Jun. 03, 2023
Investments Securities [Abstract]
Schedule Of Investment Securities	June 3, 2023 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 16,571 $ — $ 275 $ 16,296 Commercial paper 56,486 — 77 56,409 Corporate bonds 139,979 — 1,402 138,577 Certificates of deposits 675 — — 675 US government and agency obligations 101,240 — 471 100,769 Asset backed securities 13,459 — 151 13,308 Treasury bills 29,069 — 13 29,056 Total current $ 357,479 $ — $ 2,389 $ 355,090 Mutual funds $ 2,172 $ — $ 91 $ 2,081 Total noncurrent $ 2,172 $ — $ 91 $ 2,081 May 28, 2022 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 10,136 $ — $ 32 $ 10,104 Commercial paper 14,940 — 72 14,868 Corporate bonds 74,167 — 483 73,684 Certificates of deposits 1,263 — 18 1,245 US government and agency obligations 2,205 4 — 2,209 Asset backed securities 13,456 — 137 13,319 Total current $ 116,167 $ 4 $ 742 $ 115,429 Mutual funds $ 3,826 $ — $ 74 $ 3,752 Total noncurrent $ 3,826 $ — $ 74 $ 3,752
Schedule Of Contractual Maturities Of Investment Securities	Estimated Fair Value Within one year $ 269,830 1-5 years 85,260 Total $ 355,090

Fair Value Measures (Tables)

Fair Value Measures (Tables)	12 Months Ended
	Jun. 03, 2023
Fair Value Measures [Abstract]
Schedule Of Assets Measured At Fair Value On A Recurring Basis	June 3, 2023 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 16,296 $ — $ 16,296 Commercial paper — 56,409 — 56,409 Corporate bonds — 138,577 — 138,577 Certificates of deposits — 675 — 675 US government and agency obligations — 100,769 — 100,769 Asset backed securities — 13,308 — 13,308 Treasury bills — 29,056 — 29,056 Mutual funds 2,081 — — 2,081 Total assets measured at fair $ 2,081 $ 355,090 $ — $ 357,171 May 28, 2022 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 10,104 $ — $ 10,104 Commercial paper — 14,868 — 14,868 Corporate bonds — 73,684 — 73,684 Certificates of deposits — 1,245 — 1,245 US government and agency obligations — 2,209 — 2,209 Asset backed securities — 13,319 — 13,319 Mutual funds 3,752 — — 3,752 Total assets measured at fair $ 3,752 $ 115,429 $ — $ 119,181

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jun. 03, 2023
Inventories [Abstract]
Schedule of Inventories	June 3, 2023 May 28, 2022 Flocks, net of amortization $ 164,540 $ 144,051 Eggs and egg products 28,318 26,936 Feed and supplies 91,560 92,329 $ 284,418 $ 263,316
Schedule of Cost of Sales Amortization and Mortality	June 3, 2023 May 28, 2022 May 29, 2021 Amortization $ 186,973 $ 160,107 $ 133,448 Mortality 10,455 8,011 6,769 Total flock costs charged $ 197,428 $ 168,118 $ 140,217

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jun. 03, 2023
Property, Plant and Equipment [Abstract]
Schedule Of Property, Plant And Equipment	June 3, 2023 May 28, 2022 Land and improvements $ 117,279 $ 109,833 Buildings and improvements 552,669 517,859 Machinery and equipment 715,205 655,925 Construction-in-progress 98,605 71,967 1,483,758 1,355,584 Less: accumulated depreciation 739,218 677,788 $ 744,540 $ 677,796

Investment in Unconsolidated _2

Investment in Unconsolidated Entities (Tables)	12 Months Ended
	Jun. 03, 2023
Investment in Unconsolidated Entities [Abstract]
Summary of Condensed Consolidated Financial Information for Unconsolidated Joint Ventures	For the fiscal year ended June 3, 2023 May 28, 2022 May 29, 2021 Net sales $ 222,602 $ 145,281 $ 119,853 Net income 1,492 3,942 1,596 Total assets 27,784 42,971 106,592 Total liabilities 9,854 21,892 5,850 Total equity 17,930 21,079 100,742
Schedule of Transactions With Unconsolidated Affiliates	For the fiscal year ended June 3, 2023 May 28, 2022 May 29, 2021 Sales to unconsolidated entities $ 136,351 $ 94,311 $ 56,765 Purchases from unconsolidated entities 75,024 60,016 76,059 Distributions from unconsolidated entities 1,500 400 6,663 June 3, 2023 May 28, 2022 Accounts receivable from unconsolidated entities $ 4,719 $ 10,815 Accounts payable to unconsolidated entities 3,187 4,678

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Jun. 03, 2023
Goodwill and Other Intangible Assets [Abstract]
Summary Of Goodwill And Other Intangible Assets	Other Intangibles Franchise Customer Non-compete Right of Water Total Goodwill rights relationships agreements Use rights Trademark intangibles Balance May 29, 2021 $ 35,525 $ 16,699 $ 1,688 $ 1,019 $ 29 $ 720 $ 186 $ 55,866 Additions 8,481 — — — 10 — — 8,491 Amortization — (1,628) (362) (159) (21) — (50) (2,220) Balance May 28, 2022 44,006 15,071 1,326 860 18 720 136 62,137 Amortization — (1,657) (356) (152) (18) — (51) (2,234) Balance June 3, 2023 $ 44,006 $ 13,414 $ 970 $ 708 $ — $ 720 $ 85 $ 59,903
Schedule Of Other Intangibles	June 3, 2023 May 28, 2022 Gross carrying Accumulated Gross carrying Accumulated amount amortization amount amortization Other intangible assets: Franchise rights $ 29,284 $ (15,870) $ 29,284 $ (14,213) Customer relationships 9,644 (8,674) 9,644 (8,318) Non-compete agreements 1,450 (742) 1,450 (590) Right of use intangible 239 (239) 239 (221) Water rights * 720 — 720 — Trademark 400 (315) 400 (264) Total $ 41,737 $ (25,840) $ 41,737 $ (23,606) *
Schedule Of Estimated Amortization Of Intangible Assets	For fiscal year Estimated amortization expense 2024 $ 2,170 2025 2,035 2026 1,831 2027 1,828 2028 1,758 Thereafter 5,555 Total $ 15,177

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	12 Months Ended
	Jun. 03, 2023
Net Income per Common Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	June 3, 2023 May 28, 2022 May 29, 2021 Numerator Net income $ 756,732 $ 132,441 $ 2,060 Less: Net loss attributable to noncontrolling interest (1,292) (209) — Net income attributable to Cal-Maine Foods, Inc. $ 758,024 $ 132,650 $ 2,060 Denominator Weighted-average 48,648 48,581 48,522 Effect of dilutive securities of restricted shares 186 153 134 Weighted-average 48,834 48,734 48,656 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 15.58 $ 2.73 $ 0.04 Diluted $ 15.52 $ 2.72 $ 0.04

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Jun. 03, 2023
Revenue Recognition [Abstract]
Disaggregation of Revenue	14 Weeks Ended 13 Weeks Ended 53 Weeks Ended 52 Weeks Ended June 3, 2023 May 28, 2022 June 3, 2023 May 28, 2022 Conventional shell egg sales $ 395,433 $ 378,190 $ 2,051,961 $ 1,061,995 Specialty shell egg sales 256,190 186,518 956,993 648,838 Egg products 33,996 26,488 122,270 60,004 Other 3,061 1,768 14,993 6,322 $ 688,680 $ 592,964 $ 3,146,217 $ 1,777,159

Stock Compensation Plan (Tables

Stock Compensation Plan (Tables)	12 Months Ended
	Jun. 03, 2023
Stock Compensation Plans [Abstract]
Summary of Equity Award Activity	Number of Shares Weighted Average Date Fair Value Outstanding, May 29, 2021 302,147 $ 39.37 Granted 113,142 41.13 Vested (92,918) 42.45 Forfeited (4,527) 38.01 Outstanding, May 28, 2022 317,844 $ 39.12 Granted 84,969 54.10 Vested (98,684) 38.25 Forfeited (9,989) 39.69 Outstanding, June 3, 2023 294,140 $ 43.72

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 03, 2023
Income Taxes [Abstract]
Tax Expense by Jurisdiction	Fiscal year ended June 3, 2023 May 28, 2022 May 29, 2021 Current: Federal $ 180,521 $ 24,228 $ (35,090) State 36,830 3,670 730 217,351 27,898 (34,360) Deferred: Federal 19,952 2,716 21,658 State 4,515 2,960 693 24,467 5,676 22,351 $ 241,818 $ 33,574 $ (12,009)
Deferred Tax Assets and Liabilities	June 3, 2023 May 28, 2022 Deferred tax liabilities: Property, plant and equipment $ 109,590 $ 100,250 Inventories 44,986 31,987 Investment in affiliates 1,133 65 Other 5,702 5,713 Total deferred 161,411 138,015 Deferred tax assets: Accrued expenses 3,838 4,041 State operating loss carryforwards 78 470 Other comprehensive income 1,317 866 Other 3,966 4,442 Total deferred 9,199 9,819 Net deferred tax liabilities $ 152,212 $ 128,196
Reconciliation of Effective Tax Expense	Fiscal year end June 3, 2023 May 28, 2022 May 29, 2021 Statutory federal income tax $ 209,418 $ 34,907 $ (2,087) State income taxes, net 32,662 5,237 1,124 Domestic manufacturers deduction — — 3,566 Enacted net operating loss carryback provision — — (16,014) Tax exempt — (9) (50) Reversal of outside basis in equity investment Red River — (7,310) — Non-taxable remeasurement gain Red River — (955) — Other, net (262) 1,704 1,452 $ 241,818 $ 33,574 $ (12,009)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	12 Months Ended
	Jun. 03, 2023 USD ($) Item	May 28, 2022 USD ($) Item	May 29, 2021 USD ($)	May 30, 2021	May 30, 2020 USD ($)
Significant Accounting Policies [Line Items]
Fiscal period duration	371 days	364 days	364 days
Reserves for credit losses	$ 579	$ 775
Percentage of net income loss used to compute accrued dividends	33.33%
Advertising expense	$ 3,400	12,600	$ 11,700
Flock costs, cost accumulation period	154 days
Stockholders' equity	$ 1,611,081	1,104,551
Stockholders' equity	1,609,583	1,104,345	1,012,781		$ 1,010,097
Red River Valley Egg Farm Llc [Member]
Significant Accounting Policies [Line Items]
Business acquisition, percentage of voting interest acquired				50%
Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Stockholders' equity	$ 1,571,112	$ 1,065,854	$ 975,977		$ 975,569
Accounts Receivable
Significant Accounting Policies [Line Items]
Number of major customers | Item	1	1
Customer Concentration Risk [Member] | Accounts Receivable | One Customer [Member]
Significant Accounting Policies [Line Items]
Concentration risk, percentage	30.10%	27.90%
Minimum [Member]
Significant Accounting Policies [Line Items]
Intangible assets estimated useful life	5 years
Flock costs, amortization period	1 year
Maximum [Member]
Significant Accounting Policies [Line Items]
Intangible assets estimated useful life	15 years
Flock costs, amortization period	2 years
Buildings and Improvements [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	15 years
Buildings and Improvements [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	25 years
Machinery and Equipment [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	3 years
Machinery and Equipment [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Property, plant and equipment useful life	12 years

Acquisition (Narrative) (Detail

Acquisition (Narrative) (Details) Layers in Millions	May 30, 2021 USD ($) a Layers	May 29, 2021
Red River Valley Egg Farm Llc [Member]
Business Acquisition [Line Items]
Ownership percentage		50%
Red River Valley Egg Farm Llc [Member]
Business Acquisition [Line Items]
Business acquisition, percentage of voting interest acquired	50%
Number of laying hens acquired | Layers	1.7
Area of land | a	400
Gain on remeasurement of interest held prior to acquisition	$ 4,500,000
Discrete income tax benefit	8,300,000
Reduction of deferred income tax related to outside-basis of equity investment	7,300,000
Reduction to income tax expense on remeasurement gain	955,000
Deferred tax liability recognized	$ 8,481,000

Acquisition (Allocation of Purc

Acquisition (Allocation of Purchase Price) (Details) - USD ($) $ in Thousands	May 30, 2021	Jun. 03, 2023	May 28, 2022	May 29, 2021
Business Acquisition [Line Items]
Goodwill		$ 44,006	$ 44,006	$ 35,525
Red River Valley Egg Farm Llc [Member]
Business Acquisition [Line Items]
Cash consideration paid	$ 48,500
Fair value of the Company's equity interest in Red River held before the business combination	48,500
Business combination, consideration transferred	97,000
Cash	3,677
Accounts receivable, net	1,980
Inventory	8,789
Property, plant and equipment	85,002
Liabilities assumed	(2,448)
Deferred income taxes	(8,481)
Total identifiable assets, net	88,519
Goodwill	8,481
Total identifiable assets and goodwill, net	$ 97,000

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Investments Securities [Abstract]
Proceeds from sale of available-for-sale securities, current	$ 291,800,000	$ 92,700,000	$ 129,100,000
Proceeds from sale of available-for-sale securities, noncurrent	1,700,000	4,900,000	54,000
Gross realized gains on sales of available-for-sale securities, current	51,000	181,000	456,000
Gross realized gains on sales of available-for-sale securities, noncurrent	6,000	2,200,000	611,000
Gross realized losses on sales of available-for-sale securities, current	87,000	76,000	19,000
Gross realized losses on sales of available-for-sale securities, noncurrent	66,000	0	$ 0
Allowance for credit losses	$ 0	$ 0

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	$ 357,479	$ 116,167
Unrealized Gains, Current	0	4
Unrealized Losses, Current	2,389	742
Estimated Fair Value, Current	355,090	115,429
Amortized Cost, Noncurrent	2,172	3,826
Unrealized Gains, Noncurrent	0	0
Unrealized Losses, Noncurrent	91	74
Estimated Fair Value, Noncurrent	2,081	3,752
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	16,571	10,136
Unrealized Gains, Current	0	0
Unrealized Losses, Current	275	32
Estimated Fair Value, Current	16,296	10,104
Commercial Paper [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	56,486	14,940
Unrealized Gains, Current	0	0
Unrealized Losses, Current	77	72
Estimated Fair Value, Current	56,409	14,868
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	139,979	74,167
Unrealized Gains, Current	0	0
Unrealized Losses, Current	1,402	483
Estimated Fair Value, Current	138,577	73,684
Certificates of Deposits [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	675	1,263
Unrealized Gains, Current	0	0
Unrealized Losses, Current	0	18
Estimated Fair Value, Current	675	1,245
US Government and Agency Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	101,240	2,205
Unrealized Gains, Current	0	4
Unrealized Losses, Current	471	0
Estimated Fair Value, Current	100,769	2,209
Asset Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	13,459	13,456
Unrealized Gains, Current	0	0
Unrealized Losses, Current	151	137
Estimated Fair Value, Current	13,308	13,319
Treasury Bills [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	29,069
Unrealized Gains, Current	0
Unrealized Losses, Current	13
Estimated Fair Value, Current	29,056
Mutual Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Noncurrent	2,172	3,826
Unrealized Gains, Noncurrent	0	0
Unrealized Losses, Noncurrent	91	74
Estimated Fair Value, Noncurrent	$ 2,081	$ 3,752

Investment Securities (Schedu_2

Investment Securities (Schedule of Contractual Maturities of Investment Securities) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Investments Securities [Abstract]
Within one year	$ 269,830
1-5 years	85,260
Total	$ 355,090	$ 115,429

Fair Value Measures (Schedule o

Fair Value Measures (Schedule of Assets Measured at Fair Value on A Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 357,171	$ 119,181
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	2,081	3,752
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	355,090	115,429
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	16,296	10,104
Municipal Bonds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Municipal Bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	16,296	10,104
Municipal Bonds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	56,409	14,868
Commercial Paper [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Commercial Paper [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	56,409	14,868
Commercial Paper [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	138,577	73,684
Corporate Bonds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Corporate Bonds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	138,577	73,684
Corporate Bonds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Certificates of Deposits [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	675	1,245
Certificates of Deposits [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Certificates of Deposits [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	675	1,245
Certificates of Deposits [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
US Government and Agency Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	100,769	2,209
US Government and Agency Obligations [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
US Government and Agency Obligations [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	100,769	2,209
US Government and Agency Obligations [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Asset Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	13,308	13,319
Asset Backed Securities [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Asset Backed Securities [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	13,308	13,319
Asset Backed Securities [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Treasury Bills [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	29,056
Treasury Bills [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0
Treasury Bills [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	29,056
Treasury Bills [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0
Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	2,081	3,752
Mutual Funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	2,081	3,752
Mutual Funds [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Mutual Funds [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 0	$ 0

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) pullet_and_breeder in Millions, Layers in Millions, $ in Millions	Jun. 03, 2023 Layers pullet_and_breeder	May 28, 2022 USD ($)
Inventories [Abstract]
Pullets and breeders	10.8	11.5
Layers	41.2	42.2

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Inventories [Abstract]
Flocks, net of amortization	$ 164,540	$ 144,051
Eggs and egg products	28,318	26,936
Feed and supplies	91,560	92,329
Total inventories	$ 284,418	$ 263,316

Inventories (Schedule Of Cost O

Inventories (Schedule Of Cost Of Sales Amortization And Mortality) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Inventories [Abstract]
Amortization	$ 186,973	$ 160,107	$ 133,448
Mortality	10,455	8,011	6,769
Total flock costs charged to cost of sales	$ 197,428	$ 168,118	$ 140,217

Property, Plant and Equipment_2

Property, Plant and Equipment (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 69.4	$ 65.8	$ 56.5

Property, Plant and Equipment_3

Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 1,483,758	$ 1,355,584
Less: accumulated depreciation	739,218	677,788
Property, plant and equipment, less accumulated depreciation	744,540	677,796
Land and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	117,279	109,833
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	552,669	517,859
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	715,205	655,925
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 98,605	$ 71,967

Investment in Unconsolidated _3

Investment in Unconsolidated Entities (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Investments in and Advances to Affiliates [Line Items]
Investments in affiliates, recorded using the equity method of accounting	$ 9,700	$ 10,500
Equity in income of unconsolidated entities	$ 746	$ 1,943	$ 622
Red River Valley Egg Farm Llc [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership percentage			50%
Specialty Eggs LLC [Member]
Investments in and Advances to Affiliates [Line Items]
Ownership percentage	50%	50%

Investment in Unconsolidated _4

Investment in Unconsolidated Entities (Schedule Of Transactions With Unconsolidated Affiliates) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021	May 30, 2020
Related Party Transaction [Line Items]
Net income	$ 756,732	$ 132,441	$ 2,060
Total assets	1,954,525	1,427,489
Total liabilities	344,942	323,144
Total equity	1,609,583	1,104,345	1,012,781	$ 1,010,097
Corporate Joint Venture [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Related Party Transaction [Line Items]
Revenues	222,602	145,281	119,853
Net income	1,492	3,942	1,596
Total assets	27,784	42,971	106,592
Total liabilities	9,854	21,892	5,850
Total equity	17,930	21,079	100,742
Unconsolidated Affiliates [Member] | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Related Party Transaction [Line Items]
Revenues	136,351	94,311	56,765
Purchases from unconsolidated entities	75,024	60,016	76,059
Distributions from unconsolidated entities	1,500	400	$ 6,663
Accounts receivable from unconsolidated entities	4,719	10,815
Accounts payable to unconsolidated entities	$ 3,187	$ 4,678

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Goodwill and Other Intangible Assets [Abstract]
Aggregate amortization expense for intangible assets	$ 2,234	$ 2,220	$ 2,500

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Summary of Goodwill and Other Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Goodwill
Goodwill, Balance	$ 44,006	$ 35,525
Additions		8,481
Goodwill, Balance	44,006	44,006	$ 35,525
Other intangibles, Finite-Lived
Other intangibles, Amortization	(2,234)	(2,220)	(2,500)
Other Intangibles, Finite-Lived, Balance	15,177
Intangible Assets Net Including Goodwill [Abstract]
Total intangibles, Balance	62,137	55,866
Total intangibles, Additions		8,491
Total intangibles, Amortization	(2,234)	(2,220)	(2,500)
Total intangibles, Balance	59,903	62,137	55,866
Water Rights [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Other Intangibles, Indefinite-Lived, Balance	720	720
Other Intangibles, Indefinite-Lived, Balance	720	720	720
Franchise Rights [Member]
Other intangibles, Finite-Lived
Other Intangibles, Finite-Lived, Balance	15,071	16,699
Other Intangibles, Additions		0
Other intangibles, Amortization	(1,657)	(1,628)
Other Intangibles, Finite-Lived, Balance	13,414	15,071	16,699
Intangible Assets Net Including Goodwill [Abstract]
Total intangibles, Amortization	(1,657)	(1,628)
Customer Relationships [Member]
Other intangibles, Finite-Lived
Other Intangibles, Finite-Lived, Balance	1,326	1,688
Other Intangibles, Additions		0
Other intangibles, Amortization	(356)	(362)
Other Intangibles, Finite-Lived, Balance	970	1,326	1,688
Intangible Assets Net Including Goodwill [Abstract]
Total intangibles, Amortization	(356)	(362)
Noncompete Agreements [Member]
Other intangibles, Finite-Lived
Other Intangibles, Finite-Lived, Balance	860	1,019
Other Intangibles, Additions		0
Other intangibles, Amortization	(152)	(159)
Other Intangibles, Finite-Lived, Balance	708	860	1,019
Intangible Assets Net Including Goodwill [Abstract]
Total intangibles, Amortization	(152)	(159)
Right Of Use Intangible [Member]
Other intangibles, Finite-Lived
Other Intangibles, Finite-Lived, Balance	18	29
Other Intangibles, Additions		10
Other intangibles, Amortization	(18)	(21)
Other Intangibles, Finite-Lived, Balance	0	18	29
Intangible Assets Net Including Goodwill [Abstract]
Total intangibles, Amortization	(18)	(21)
Trademarks [Member]
Other intangibles, Finite-Lived
Other Intangibles, Finite-Lived, Balance	136	186
Other Intangibles, Additions		0
Other intangibles, Amortization	(51)	(50)
Other Intangibles, Finite-Lived, Balance	85	136	$ 186
Intangible Assets Net Including Goodwill [Abstract]
Total intangibles, Amortization	$ (51)	$ (50)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Other Intangibles) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022	May 29, 2021
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 41,737	$ 41,737
Accumulated amortization	(25,840)	(23,606)
Franchise Rights [Member]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	29,284	29,284
Accumulated amortization	(15,870)	(14,213)
Customer Relationships [Member]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	9,644	9,644
Accumulated amortization	(8,674)	(8,318)
Noncompete Agreements [Member]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	1,450	1,450
Accumulated amortization	(742)	(590)
Right Of Use Intangible [Member]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	239	239
Accumulated amortization	(239)	(221)
Trademarks [Member]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount, finite-lived	400	400
Accumulated amortization	315	264
Water Rights [Member]
Schedule of Finite-Lived And Indefinite-Lived Intangible Assets [Line Items]
Gross carrying amount, indefinite-lived	$ 720	$ 720	$ 720

Goodwill and Other Intangible_6

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Of Intangible Assets) (Details) $ in Thousands	Jun. 03, 2023 USD ($)
Goodwill and Other Intangible Assets [Abstract]
2024	$ 2,170
2025	2,035
2026	1,831
2027	1,828
2028	1,758
Thereafter	5,555
Total	$ 15,177

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Defined Benefit Plan Disclosure [Line Items]
Medical claim, maximum per occurrence	$ 275,000
Medical plan expense	21,900,000	$ 24,600,000	$ 21,700,000
Liability recorded for incurred but not reported claims	2,900,000	2,800,000
Postretirement expense liability	2,700,000	3,400,000
SERP, possible aggregate retirement benefit amount	500,000
SERP, annual payments	$ 50,000
SERP, term	10 years
SERP, vesting period	5 years
SERP, vesting percent per year	20%
SERP, vesting percent upon disablement	100%
Postemployment medical benefits liability	$ 63,000
KSOP [Member]
Defined Benefit Plan Disclosure [Line Items]
Company matching contribution percentage	3%
Company cash contribution	$ 4,300,000	$ 3,900,000	$ 3,800,000
Compare share contribution	0	0	0
Certain Officers [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation agreement, amount of years required for payment	65 years
Payments made under plan	$ 170,000	$ 170,000	$ 170,000
Liability related to deferred compensation agreements	$ 1,000,000	1,100,000
Officers [Member]
Defined Benefit Plan Disclosure [Line Items]
Deferred compensation agreement, amount of years required for payment	60 years
Deferred compensation agreement, minimum service years required for payment	5 years
Payments made under plan	$ 410,000	480,000	55,000
Liability related to deferred compensation agreements	4,600,000	4,500,000	4,100,000
Awards issued under deferred compensation plan	388,000	340,000	279,000
Deferred compensation expense	$ 346,000	$ 258,000	$ 1,600,000

Credit Facility (Narrative) (De

Credit Facility (Narrative) (Details) - USD ($)	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Line Of Credit Facility [Line Items]
Interest costs incurred	$ 583,000	$ 403,000	$ 213,000
Credit Agreement [Member]
Line Of Credit Facility [Line Items]
Debt instrument, term	5 years
Maximum borrowing capacity	$ 250,000,000
Available additional capacity	200,000,000
Amount outstanding	$ 0	$ 0
Interest period	1 month
Floor rate	0%
Maximum total funded debt to capitalization ratio	50%
Minimum tangible net worth, amount	$ 700,000,000
Minimum tangible net worth, percentage of net income	50%
Threshold of voting control in related entities that requires compliance with covenant	100%
Minimum amount of company voting stock	50%
Credit facility benchmark in computing dividend payments	$ 50,000,000
Credit Agreement [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Commitment fee	0.15%
Credit Agreement [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Commitment fee	0.25%
Credit Agreement [Member] | Base Rate [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	0%
Credit Agreement [Member] | Base Rate [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	0.75%
Credit Agreement [Member] | Base Rate, Federal Funds [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
Credit Agreement [Member] | SOFR [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	0.10%
Credit Agreement [Member] | SOFR [Member] | Minimum [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	1%
Credit Agreement [Member] | SOFR [Member] | Maximum [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	1.75%
Credit Agreement [Member] | SOFR, One Month [Member] [Member]
Line Of Credit Facility [Line Items]
Basis spread on variable rate	1%
Credit Agreement [Member] | Standby Letters of Credit [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity	$ 15,000,000
Amount outstanding	4,300,000
Credit Agreement [Member] | Swingline [Member]
Line Of Credit Facility [Line Items]
Maximum borrowing capacity	$ 15,000,000

Equity (Narrative) (Details)

Equity (Narrative) (Details)	Jun. 03, 2023 Item shares
Schedule of Stockholders Equity [Line Items]
Number of classes of capital stock	2
Number of shares owned by immediate family members and/or permitted transferee's (in shares) | shares	4,600,000
Common Stock [Member]
Schedule of Stockholders Equity [Line Items]
Number of votes per share of stock	1
Number of votes per share of stock converted from Class A	1
Class A Common Stock [Member]
Schedule of Stockholders Equity [Line Items]
Number of votes per share of stock	10
Number of shares owned by immediate family members and/or permitted transferee's (in shares) | shares	4,300,000

Net Income per Common Share (Co

Net Income per Common Share (Computation of Basic and Diluted Net Income Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Net Income per Common Share [Abstract]
Net income	$ 756,732	$ 132,441	$ 2,060
Less: Net loss attributable to noncontrolling interest	(1,292)	(209)	0
Net income attributable to Cal-Maine Foods, Inc.	$ 758,024	$ 132,650	$ 2,060
Denominator
Weighted-average common shares outstanding, basic (in shares)	48,648	48,581	48,522
Effect of dilutive restricted shares (in shares)	186	153	134
Weighted-average common shares outstanding, diluted (in shares)	48,834	48,734	48,656
Net income per common share attributable to Cal-Maine Foods, Inc.
Basic (in dollars per share)	$ 15.58	$ 2.73	$ 0.04
Diluted (in dollars per share)	$ 15.52	$ 2.72	$ 0.04

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Disaggregation of Revenue [Line Items]
Selling, general and administrative expenses	$ 77.5	$ 62.7	$ 52.7
H-E-B, LP [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage			10.10%
Walmart [Member] | Sales Revenue, Net [Member] | Customer Concentration Risk [Member]
Disaggregation of Revenue [Line Items]
Concentration Risk, Percentage	34.20%	29.50%	29.80%

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jun. 03, 2023	May 28, 2022	Jun. 03, 2023	May 28, 2022	May 29, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 688,680	$ 592,964	$ 3,146,217	$ 1,777,159	$ 1,348,987
Conventional shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	395,433	378,190	2,051,961	1,061,995
Specialty shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	256,190	186,518	956,993	648,838
Egg products [Member]
Disaggregation of Revenue [Line Items]
Net sales	33,996	26,488	122,270	60,004
Other [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 3,061	$ 1,768	$ 14,993	$ 6,322

Stock Compensation Plan (Narrat

Stock Compensation Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense (benefit)	$ 4.2	$ 4.1	$ 3.8
2012 Omnibus Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive plan shares authorized (in shares)	2,000,000
Shares remaining for issuance	941,593
Unrecognized compensation expense	$ 7.2	$ 7
Weighted average period of unrecognized compensation expense	2 years 1 month 6 days

Stock Compensation Plan (Summar

Stock Compensation Plan (Summary of Equity Award Activity) (Details) - $ / shares	12 Months Ended
	Jun. 03, 2023	May 28, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Number of Shares, Outstanding, Beginning Balance (in shares)	317,844	302,147
Number of Shares, Granted (in shares)	84,969	113,142
Number of Shares, Vested (in shares)	(98,684)	(92,918)
Number of Shares, Forfeited (in shares)	(9,989)	(4,527)
Number of Shares, Outstanding, Ending Balance (in shares)	294,140	317,844
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Outstanding, Beginning Balance (in dollars per share)	$ 39.12	$ 39.37
Weighted Average Grant Date Fair Value, Granted (in dollars per share)	54.10	41.13
Weighted Average Grant Date Fair Value, Vested (in dollars per share)	38.25	42.45
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share)	39.69	38.01
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in dollars per share)	$ 43.72	$ 39.12

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	Jun. 03, 2023 USD ($)
Tax Credit Carryforward [Line Items]
Unrecognized tax benefits	$ 0
Income tax penalties and interest accrued	$ 0

Income Taxes (Tax Expense by Ju

Income Taxes (Tax Expense by Jurisdiction) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Current:
Current income tax expense (benefit): Federal	$ 180,521	$ 24,228	$ (35,090)
Current income tax expense (benefit): State	36,830	3,670	730
Current income tax expense (benefit): Total	217,351	27,898	(34,360)
Deferred:
Deferred income tax expense (benefit): Federal	19,952	2,716	21,658
Deferred income tax expense (benefit): State	4,515	2,960	693
Deferred income taxes expense (benefit): Total	24,467	5,676	22,351
Income tax expense (benefit)	$ 241,818	$ 33,574	$ (12,009)

Income Taxes (Deferred Tax Asse

Income Taxes (Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Jun. 03, 2023	May 28, 2022
Deferred tax liabilities:
Property, plant and equipment	$ 109,590	$ 100,250
Inventories	44,986	31,987
Investment in affiliates	1,133	65
Other	5,702	5,713
Total deferred tax liabilities	161,411	138,015
Deferred tax assets:
Accrued expenses	3,838	4,041
State operating loss carryforwards	78	470
Other comprehensive income	1,317	866
Other	3,966	4,442
Total deferred tax assets	9,199	9,819
Net deferred tax liabilities	$ 152,212	$ 128,196

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Effective Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
Income Taxes [Abstract]
Statutory federal income tax	$ 209,418	$ 34,907	$ (2,087)
State income taxes, net	32,662	5,237	1,124
Domestic manufacturers deduction	0	0	3,566
Enacted net operating loss carryback provision	0	0	(16,014)
Tax exempt interest income	0	(9)	(50)
Reversal of outside basis in equity investment Red River	0	(7,310)	0
Non-taxable remeasurement gain Red River	0	(955)	0
Other, net	(262)	1,704	1,452
Income tax expense (benefit)	$ 241,818	$ 33,574	$ (12,009)

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details)		12 Months Ended
	Apr. 23, 2020 USD ($)	Jun. 03, 2023 $ / Claim
Benton County Foods [Member]
Loss Contingencies [Line Items]
Ownership interest		100%
Pending Litigation | State of Texas v. Cal-Maine Foods, Inc. d/b/a Wharton; and Wharton County Foods, LLC [Member]
Loss Contingencies [Line Items]
Damages sought | $	$ 100,000
Pending Litigation | Bell et al. v. Cal-Maine Foods et al. [Member] | Minimum [Member]
Loss Contingencies [Line Items]
Damages sought per claim		10,000
Pending Litigation | Bell et al. v. Cal-Maine Foods et al. [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Damages sought per claim		250,000

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts (Details) - SEC Schedule, 12-09, Allowance, Credit Loss [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 03, 2023	May 28, 2022	May 29, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 775	$ 795	$ 743
Charged to Cost and Expense	(148)	30	135
Write-off of Accounts	48	50	83
Balance at End of Period	$ 579	$ 775	$ 795