Cal-Maine Foods (CALM) 10-Q 2 Apr 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 02, 2024	Apr. 02, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 02, 2024
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
Entity Address Address Line 2	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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Current Fiscal Year End Date	--06-01
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0000016160
Common Stock [Member]
Entity Common Stock, Shares Outstanding		44,238,326
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,800,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 02, 2024	Jun. 03, 2023
Current assets:
Cash and cash equivalents	$ 367,123	$ 292,824
Investment securities available-for-sale	327,720	355,090
Trade and other receivables, net	212,851	120,247
Income tax receivable	33,771	66,966
Inventories	269,244	284,418
Prepaid expenses and other current assets	6,883	5,380
Total current assets	1,217,592	1,124,925
Property, plant & equipment, net	826,573	744,540
Investments in unconsolidated entities	16,388	14,449
Goodwill	45,776	44,006
Intangible assets, net	16,534	15,897
Other long-term assets	10,666	10,708
Total Assets	2,133,529	1,954,525
Current liabilities:
Accounts payable	95,610	82,590
Accrued wages and benefits	25,721	38,733
Accrued income taxes payable	30,113	8,288
Dividends payable	48,891	37,130
Accrued expenses and other liabilities	15,354	15,990
Total current liabilities	215,689	182,731
Other noncurrent liabilities	30,740	9,999
Deferred income taxes, net	166,141	152,212
Total liabilities	412,570	344,942
Commitments and contingencies - see Note 10
Stockholders' equity:
Paid-in capital	75,226	72,112
Retained earnings	1,680,886	1,571,112
Accumulated other comprehensive loss, net of tax	(1,514)	(2,886)
Common stock in treasury at cost - 26,022 shares at March 2, 2023 and 26,077 shares at June 3, 2023	(31,597)	(30,008)
Total Cal-Maine Foods, Inc. stockholders' equity	1,723,752	1,611,081
Noncontrolling interest in consolidated entity	(2,793)	(1,498)
Total stockholders' equity	1,720,959	1,609,583
Total Liabilities and Stockholders' Equity	2,133,529	1,954,525
Common Stock [Member]
Stockholders' equity:
Common stock ($0.01 par value):	703	703
Class A Convertible Common Stock [Member]
Stockholders' equity:
Common stock ($0.01 par value):	$ 48	$ 48

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 02, 2024	Jun. 03, 2023
Common Stock [Member]
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	70,261,000	70,261,000
Common stock in treasury (in shares)	26,022,000	26,077,000
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)	4,800,000	4,800,000
Common stock, shares issued (in shares)	4,800,000	4,800,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Mar. 02, 2024	Feb. 25, 2023
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 703,076	$ 997,493	$ 1,685,654	$ 2,457,537
Cost of sales	484,504	534,467	1,330,519	1,459,172
Gross profit	218,572	463,026	355,135	998,365
Selling, general and administrative	66,020	58,489	194,844	170,048
Gain on involuntary conversions	(9,929)	(3,220)	(9,929)	(3,220)
(Gain) loss on disposal of fixed assets	(306)	(26)	(44)	36
Operating income	162,787	407,783	170,264	831,501
Other income (expense):
Interest income, net	7,554	6,126	21,887	8,959
Royalty income	436	426	1,086	1,198
Patronage dividends	11,298	10,239	11,298	10,239
Equity income of unconsolidated entities	2,666	1,786	2,225	943
Other, net	418	(1,473)	1,250	(205)
Total other income, net	22,372	17,104	37,746	21,134
Income before income taxes	185,159	424,887	208,010	852,635
Income tax expense	38,796	102,118	44,658	206,438
Net income	146,363	322,769	163,352	646,197
Less: Loss attributable to noncontrolling interest	(349)	(450)	(1,295)	(896)
Net income attributable to Cal-Maine Foods, Inc.	$ 146,712	$ 323,219	$ 164,647	$ 647,093
Net income per common share:
Basic (in dollars per share)	$ 3.01	$ 6.64	$ 3.38	$ 13.31
Diluted (in dollars per share)	$ 3	$ 6.62	$ 3.37	$ 13.25
Weighted average shares outstanding:
Basic (in shares)	48,727	48,653	48,702	48,634
Diluted (in shares)	48,884	48,842	48,865	48,832

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Mar. 02, 2024	Feb. 25, 2023
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 146,363	$ 322,769	$ 163,352	$ 646,197
Other comprehensive income (loss), before tax:
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	132	26	1,813	(1,945)
Income tax benefit (expense) related to items of other comprehensive income	(32)	(6)	(441)	474
Other comprehensive Income (loss), net of tax	100	20	1,372	(1,471)
Comprehensive income	146,463	322,789	164,724	644,726
Less: Comprehensive loss attributable to the noncontrolling interest	(349)	(450)	(1,295)	(896)
Comprehensive income attributable to Cal-Maine Foods, Inc.	$ 146,812	$ 323,239	$ 166,019	$ 645,622

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Cash flows from operating activities:
Net income	$ 163,352	$ 646,197
Depreciation and amortization	59,151	53,198
Deferred income taxes	13,488	7,098
Other adjustments, net	1,613	16
Net cash provided by operations	237,604	706,509
Cash flows from investing activities:
Purchases of investment securities	(243,518)	(442,583)
Sales and maturities of investment securities	273,915	132,686
Investment in unconsolidated entities	(363)	(1,673)
Distributions from unconsolidated entities	1,000	0
Acquisition of business	(53,746)	0
Purchases of property, plant and equipment	(95,969)	(86,168)
Net proceeds from disposal of property, plant and equipment	243	118
Net cash used in investing activities	(118,438)	(397,620)
Cash flows from financing activities:
Payments of dividends	(42,965)	(144,559)
Purchase of common stock by treasury	(1,688)	(1,633)
Principal payments on finance lease	(214)	(167)
Net cash used in financing activities	(44,867)	(146,359)
Net change in cash and cash equivalents	74,299	162,530
Cash and cash equivalents at beginning of period	292,824	59,084
Cash and cash equivalents at end of period	$ 367,123	$ 221,614

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 02, 2024
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 - Summary of Significant Accounting Policies Basis of Presentation The “we,” “us,” “our”) in reporting and “2023 statement of the results for recurring nature. year. Fiscal Year The Company’s ended on March 2, 2024 and February 25, 2023 included 13 weeks 39 weeks , respectively. Use of Estimates The preparation of the assumptions could differ from those estimates. Investment Securities The Company because the on quoted market prices The recorded in interest economic conditions that fair value was less than the amortized cost basis. Investments Condensed (expenses) as Other, net in the Company’s The cost Gains Statements of Income. Interest and dividends on securities classified as available-for-sale Trade Receivables Trade receivables 2023, reserves for credit losses were 605 579 based Company procedures. information adjusted as needed for economic and other forward-looking Goodwill Goodwill evaluated test is value magnitude of any impairment. Intangible Assets Intangible relationships, non-compete lives 5 15 amounts operating conditions of the carrying amounts. Indefinite life assets are recorded at fair value in business acquisitions and are reviewed for impairment at least annually or more frequently if Dividends Payable We The Company quarter for in an amount following the to shareholders of record on the 65th day after the Following a quarter for which the Company does not report net income not pay a dividend date of the most recent quarter Directors. 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 discount rates and as goodwill. Gain on Involuntary Conversions The Company fires, hurricanes, indemnity (“HPAI”). birds and eggs market value depopulation and disposal costs, and virus elimination costs. USDA does not suffered damage, business interruption and disease outbreaks in costs, committed when all contingencies associated with the recoveries are resolved. Loss Contingencies Certain which will counsel 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	9 Months Ended
	Mar. 02, 2024
Acquisition [Abstract]
Acquisition	Note 2 - Acquisition Effective September 30, 2023 , the Company shell facilities with 1.2 pullets, a accounted for the acquisition as a business combination. The following assumed recognized at the acquisition date (in thousands): Inventory consisted value inventory were all valued based on market prices as of September 30, 2023. Property, the assets and subtracting any depreciation resulting from physical deterioration Intangible comparison approach. Contingent acquired three-year acquisition. and prices, projected revenue respect to the due to market volatility of egg prices. Goodwill assets acquired. from integrating the assets of 1.8 a result of the acquisition. Cash consideration paid $ 53,746 Fair value of contingent consideration 1,000 Total estimated purchase 54,746 Recognized amounts of identifiable assets acquired and Inventory $ 6,164 Property, plant and equipment 44,540 Intangible assets 2,272 Other long-term assets 143 Liabilities assumed (143) Total identifiable 52,976 Goodwill 1,770 $ 54,746

Investment Securities

Investment Securities	9 Months Ended
	Mar. 02, 2024
Investments Securities [Abstract]
Investment Securities	Note 3 - Investment Securities The following represents the Company’s March 2, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 6,147 $ — $ 63 $ 6,084 Commercial paper 42,864 — 39 42,825 Corporate bonds 121,430 — 367 121,063 Certificates of deposits 1,830 — 2 1,828 US government and agency obligations 115,165 — 199 114,966 Asset backed securities 9,418 85 — 9,503 Treasury bills 31,455 — 4 31,451 Total current $ 328,309 $ 85 $ 674 $ 327,720 Mutual funds $ 1,108 $ 16 $ — $ 1,124 Total noncurrent $ 1,108 $ 16 $ — $ 1,124 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 Available-for-sale Proceeds 273.9 132.7 the thirty-nine ended March 18 38 thirty-nine weeks ended March 2, 2024 and February 8 64 no allowances Actual maturities without penalties. Contractual maturities of current investments at March Estimated Fair Value Within one year $ 213,556 1-5 years 114,164 Total $ 327,720 Noncurrent Proceeds from sales and maturities of noncurrent investment securities 1.5 1.8 weeks ended March 2, 2024 2024 and February 25, 14 6 no weeks ended March 2, 2024. Gross realized losses for the thirty-nine 66

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 02, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 4 - Fair Value The Company hierarchy. The knowledgeable, and willing be settle the liability with the creditor. • Level 1 • Level 2 directly or indirectly, ◦ Quoted prices for similar assets or liabilities in active markets ◦ Quoted prices for identical or similar assets in non-active markets ◦ Inputs other than quoted prices that are observable for the asset or liability ◦ Inputs derived principally from or corroborated by other observable • Level 3 significant to the fair value of the assets or liabilities The disclosures of fair value of certain financial assets and liabilities that are recorded Cash and cash equivalents, accounts receivable, short maturity of these instruments. Assets and Liabilities Measured at Fair In liabilities measured at fair value on a recurring basis as of March 2, 2024 and June March 2, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 6,084 $ — $ 6,084 Commercial paper — 42,825 — 42,825 Corporate bonds — 121,063 — 121,063 Certificates of deposits — 1,828 — 1,828 US government and agency obligations — 114,966 — 114,966 Asset backed securities — 9,503 — 9,503 Treasury bills — 31,451 — 31,451 Mutual funds 1,124 — — 1,124 Total assets measured at fair $ 1,124 $ 327,720 $ — $ 328,844 Liabilities Contingent consideration $ — $ — $ 1,000 $ 1,000 Total liabilities measured $ — $ — $ 1,000 $ 1,000 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 Investment when purchased. We Observable inputs for these securities are yields, credit risks, default rates, and volatility. Contingent contingent on the three-year the date of assumptions and capital, assessments

Inventories

Inventories	9 Months Ended
	Mar. 02, 2024
Inventories [Abstract]
Inventories	Note 5 - Inventories Inventories consisted of the following as of March 2, 2024 and June 3, March 2, 2024 June 3, 2023 Flocks, net of amortization $ 150,441 $ 164,540 Eggs and egg products 26,770 28,318 Feed and supplies 92,033 91,560 $ 269,244 $ 284,418 We breeders (male and female 2024 and June 10.9 10.8 42.2 41.2 million layers, respectively.

Equity

Equity	9 Months Ended
	Mar. 02, 2024
Equity [Abstract]
Equity	Note 6 - Equity The following reflects equity activity for the thirteen weeks ended Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at December 2, 2023 $ 703 $ 48 $ (30,014) $ 74,214 $ (1,614) $ 1,583,071 $ (2,444) $ 1,623,964 Other comprehensive income, net of tax — — — — 100 — — 100 Stock compensation plan transactions — — (1,583) 1,012 — — — (571) Dividends ($ 0.997 per share) Common — — — — — (44,111) — (44,111) Class A common — — — — — (4,786) — (4,786) Net income (loss) — — — — — 146,712 (349) 146,363 Balance at March 2, 2024 $ 703 $ 48 $ (31,597) $ 75,226 $ (1,514) $ 1,680,886 $ (2,793) $ 1,720,959 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at June 3, 2023 $ 703 $ 48 $ (30,008) $ 72,112 $ (2,886) $ 1,571,112 $ (1,498) $ 1,609,583 Other comprehensive income, net of tax — — — — 1,372 — — 1,372 Stock compensation plan transactions — — (1,589) 3,114 — — — 1,525 Dividends ($ 1.119 per share) Common — — — — — (49,501) — (49,501) Class A common — — — — — (5,372) — (5,372) Net income (loss) — — — — — 164,647 (1,295) 163,352 Balance at March 2, 2024 $ 703 $ 48 $ (31,597) $ 75,226 $ (1,514) $ 1,680,886 $ (2,793) $ 1,720,959 Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at November 26, 2022 $ 703 $ 48 $ (28,496) $ 70,005 $ (3,087) $ 1,281,784 $ (652) $ 1,320,305 Other comprehensive income, net of tax — — — — 20 — — 20 Stock compensation plan transactions — — (1,500) 972 — — — (528) Dividends ($ 2.199 per share) Common — — — — — (97,123) — (97,123) Class A common — — — — — (10,555) — (10,555) Net income (loss) — — — — — 323,219 (450) 322,769 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 $ (1,102) $ 1,534,888 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at May 28, 2022 $ 703 $ 48 $ (28,447) $ 67,989 $ (1,596) $ 1,065,854 $ (206) $ 1,104,345 Other comprehensive loss, net of tax — — — — (1,471) — — (1,471) Stock compensation plan transactions — — (1,549) 2,988 — — — 1,439 Dividends ($ 4.403 per share) Common — — — — — (194,478) — (194,478) Class A common — — — — — (21,144) — (21,144) Net income (loss) — — — — — 647,093 (896) 646,197 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 (1,102) $ 1,534,888

Net Income per Common Share

Net Income per Common Share	9 Months Ended
	Mar. 02, 2024
Net Income per Common Share [Abstract]
Net Income per Common Share	Note 7 - Net Income per Common Share Basic net income net dilutive effect of share-based awards. The income per common share (amounts in thousands, except per share data): Thirteen Weeks Thirty-nine Weeks Ended March 2, 2024 February 25, 2023 March 2, 2024 February 25, 2023 Numerator Net income $ 146,363 $ 322,769 $ 163,352 $ 646,197 Less: Loss attributable to noncontrolling interest (349) (450) (1,295) (896) Net income attributable to Cal-Maine Foods, Inc. $ 146,712 $ 323,219 $ 164,647 $ 647,093 Denominator Weighted-average outstanding, basic 48,727 48,653 48,702 48,634 Effect of dilutive restricted shares 157 189 163 198 Weighted-average outstanding, diluted 48,884 48,842 48,865 48,832 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 3.01 $ 6.64 $ 3.38 $ 13.31 Diluted $ 3.00 $ 6.62 $ 3.37 $ 13.25

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Mar. 02, 2024
Revenue from Contracts with Customers [Abstract]
Revenue from Contracts with Customers	Note 8 - Revenue from Contracts with Customers Satisfaction of Performance Obligation The vast majority of the Company’s for products. Pricing establishes the contract for that order. Revenues are shell production. satisfaction customer agreeing upon the order. 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 for return data compared to current period sales and accounts receivable. same period the revenue is recognized. Sales Incentives Provided to Customers The discount offers a minimum reduction reduction historical ‘‘Net sales.’’ Disaggregation of Revenue The following table provides revenue disaggregated by product category Thirteen Weeks Thirty-nine Weeks Ended March 2, 2024 February 25, 2023 March 2, 2024 February 25, 2023 Conventional shell egg sales $ 413,619 $ 689,022 $ 919,498 $ 1,656,528 Specialty shell egg sales 262,293 272,205 688,879 700,803 Egg products 21,759 32,582 63,994 88,274 Other 5,405 3,684 13,283 11,932 $ 703,076 $ 997,493 $ 1,685,654 $ 2,457,537 Contract Costs The Company can incur costs to one year, and contract assets was immaterial. Contract Balances The Company receives payment from customers based on specified terms that are There are rarely contract assets or liabilities related to performance under the

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Mar. 02, 2024
Stock Based Compensation [Abstract]
Stock Based Compensation	Note 9 - Stock Based Compensation Total 3.2 3.1 February 25, 2023, respectively. Unrecognized Restated 2012 8.6 period 2.2 Stock Compensation Plans in our 2023 Annual Report for further information The Company’s restricted share activity Number of Shares Weighted Average Grant Date Fair Value Outstanding, June 3, 2023 294,140 $ 43.72 Granted 86,363 54.91 Vested (99,360) 37.70 Forfeited (1,329) 44.68 Outstanding, March 2, 2024 279,814 $ 49.31

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 02, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10 - Commitments and Contingencies LEGAL PROCEEDINGS State of Texas On April of Court of violation (“DTPA”). COVID-19 permanent $ 100,000 prejudice. On September First proceedings. On October 31, 2022, Texas. remanded to the Management believes the risk of material loss related to this matter to be remote. Bell et al. v. Cal-Maine Foods et al. On 1:20-cv-461, producers, and farms. Plaintiffs assert that defendants for eggs Plaintiffs seek to enjoin eggs prior 10,000 250,000 each violation motion to motion to judge dismissed without prejudice for lack of subject matter jurisdiction. On prejudice. complaint. On March 15, 2022, et al., first class action dismiss. On February Circuit, Case No. 23-50112. On February 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 the MDL No. 2002, to Egg defendants illegally certain features of producers. On October 24, 2019, claims against the of operations. dismissed the Company with prejudice. The trial of this case began Plaintiffs 17.8 liable 53.3 settlements with final and second fiscal quarter 19.6 in Company’s of the reasonably be with contributions. Our accrual may change in the future in whole or in the verdict, notwithstanding Egg Products Plaintiffs. State of Oklahoma Watershed Pollution On June against Cal-Maine and litter the sought Foods, purchased 100 % operation within number of small contract producers that operate in the area. The non-jury trial in the case began in September 2009 findings of defendants producers reach agreement Circuit Chief Judge Deanell the mediation brief arguing violation dismiss and on believes there amount uncertainties decision in a the court as to what dismiss before that our share compared to the other defendants is small. Other Matters In addition to the above, the Company is involved in various other claims and litigation incidental outcome of these matters cannot be determined with certainty, the final outcome should not have a material effect on the Company’s

Subsequent Events

Subsequent Events	9 Months Ended
	Mar. 02, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11 - Subsequent Events On March processing plant, hatchery and feed mill in Dexter, On one approximately 1.6 337,000 3.6 % of the Company’s 2024. The “USDA”) participate Company’s volatility in income effect cannot be reasonably made.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Mar. 02, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The “we,” “us,” “our”) in reporting and “2023 statement of the results for recurring nature. year.
Fiscal Year	Fiscal Year The Company’s ended on March 2, 2024 and February 25, 2023 included 13 weeks 39 weeks , respectively.
Use of Estimates	Use of Estimates The preparation of the assumptions could differ from those estimates.
Investment Securities	Investment Securities The Company because the on quoted market prices The recorded in interest economic conditions that fair value was less than the amortized cost basis. Investments Condensed (expenses) as Other, net in the Company’s The cost Gains Statements of Income. Interest and dividends on securities classified as available-for-sale
Trade Receivables	Trade Receivables Trade receivables 2023, reserves for credit losses were 605 579 based Company procedures. information adjusted as needed for economic and other forward-looking
Goodwill	Goodwill Goodwill evaluated test is value magnitude of any impairment.
Intangible Assets	Intangible Assets Intangible relationships, non-compete lives 5 15 amounts operating conditions of the carrying amounts. Indefinite life assets are recorded at fair value in business acquisitions and are reviewed for impairment at least annually or more frequently if
Dividends Payable	Dividends Payable We The Company quarter for in an amount following the to shareholders of record on the 65th day after the Following a quarter for which the Company does not report net income not pay a dividend date of the most recent quarter Directors.
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 discount rates and as goodwill.
Gain on Involuntary Conversions	Gain on Involuntary Conversions The Company fires, hurricanes, indemnity (“HPAI”). birds and eggs market value depopulation and disposal costs, and virus elimination costs. USDA does not suffered damage, business interruption and disease outbreaks in costs, committed when all contingencies associated with the recoveries are resolved.
Loss Contingencies	Loss Contingencies Certain which will counsel 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 Measurements (Policy

Fair Value Measurements (Policy)	9 Months Ended
	Mar. 02, 2024
Fair Value Measurements [Abstract]
Fair Value Measurement	The Company hierarchy. The knowledgeable, and willing be settle the liability with the creditor. • Level 1 • Level 2 directly or indirectly, ◦ Quoted prices for similar assets or liabilities in active markets ◦ Quoted prices for identical or similar assets in non-active markets ◦ Inputs other than quoted prices that are observable for the asset or liability ◦ Inputs derived principally from or corroborated by other observable • Level 3 significant to the fair value of the assets or liabilities The disclosures of fair value of certain financial assets and liabilities that are recorded Cash and cash equivalents, accounts receivable, short maturity of these instruments.

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Mar. 02, 2024
Acquisition [Abstract]
Summary of Consideration Paid for Fassio and Amounts of Assets Acquired and Liabilities Assumed	Cash consideration paid $ 53,746 Fair value of contingent consideration 1,000 Total estimated purchase 54,746 Recognized amounts of identifiable assets acquired and Inventory $ 6,164 Property, plant and equipment 44,540 Intangible assets 2,272 Other long-term assets 143 Liabilities assumed (143) Total identifiable 52,976 Goodwill 1,770 $ 54,746

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Mar. 02, 2024
Investments Securities [Abstract]
Schedule Of Investment Securities	March 2, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 6,147 $ — $ 63 $ 6,084 Commercial paper 42,864 — 39 42,825 Corporate bonds 121,430 — 367 121,063 Certificates of deposits 1,830 — 2 1,828 US government and agency obligations 115,165 — 199 114,966 Asset backed securities 9,418 85 — 9,503 Treasury bills 31,455 — 4 31,451 Total current $ 328,309 $ 85 $ 674 $ 327,720 Mutual funds $ 1,108 $ 16 $ — $ 1,124 Total noncurrent $ 1,108 $ 16 $ — $ 1,124 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
Schedule Of Contractual Maturities Of Investment Securities	Estimated Fair Value Within one year $ 213,556 1-5 years 114,164 Total $ 327,720

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 02, 2024
Fair Value Measurements [Abstract]
Schedule Of Assets Measured At Fair Value On A Recurring Basis	March 2, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 6,084 $ — $ 6,084 Commercial paper — 42,825 — 42,825 Corporate bonds — 121,063 — 121,063 Certificates of deposits — 1,828 — 1,828 US government and agency obligations — 114,966 — 114,966 Asset backed securities — 9,503 — 9,503 Treasury bills — 31,451 — 31,451 Mutual funds 1,124 — — 1,124 Total assets measured at fair $ 1,124 $ 327,720 $ — $ 328,844 Liabilities Contingent consideration $ — $ — $ 1,000 $ 1,000 Total liabilities measured $ — $ — $ 1,000 $ 1,000 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

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Mar. 02, 2024
Inventories [Abstract]
Schedule of Inventories	March 2, 2024 June 3, 2023 Flocks, net of amortization $ 150,441 $ 164,540 Eggs and egg products 26,770 28,318 Feed and supplies 92,033 91,560 $ 269,244 $ 284,418

Equity (Tables)

Equity (Tables)	9 Months Ended
	Mar. 02, 2024
Equity [Abstract]
Summary of Equity Activity	Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at December 2, 2023 $ 703 $ 48 $ (30,014) $ 74,214 $ (1,614) $ 1,583,071 $ (2,444) $ 1,623,964 Other comprehensive income, net of tax — — — — 100 — — 100 Stock compensation plan transactions — — (1,583) 1,012 — — — (571) Dividends ($ 0.997 per share) Common — — — — — (44,111) — (44,111) Class A common — — — — — (4,786) — (4,786) Net income (loss) — — — — — 146,712 (349) 146,363 Balance at March 2, 2024 $ 703 $ 48 $ (31,597) $ 75,226 $ (1,514) $ 1,680,886 $ (2,793) $ 1,720,959 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at June 3, 2023 $ 703 $ 48 $ (30,008) $ 72,112 $ (2,886) $ 1,571,112 $ (1,498) $ 1,609,583 Other comprehensive income, net of tax — — — — 1,372 — — 1,372 Stock compensation plan transactions — — (1,589) 3,114 — — — 1,525 Dividends ($ 1.119 per share) Common — — — — — (49,501) — (49,501) Class A common — — — — — (5,372) — (5,372) Net income (loss) — — — — — 164,647 (1,295) 163,352 Balance at March 2, 2024 $ 703 $ 48 $ (31,597) $ 75,226 $ (1,514) $ 1,680,886 $ (2,793) $ 1,720,959 Thirteen Weeks Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at November 26, 2022 $ 703 $ 48 $ (28,496) $ 70,005 $ (3,087) $ 1,281,784 $ (652) $ 1,320,305 Other comprehensive income, net of tax — — — — 20 — — 20 Stock compensation plan transactions — — (1,500) 972 — — — (528) Dividends ($ 2.199 per share) Common — — — — — (97,123) — (97,123) Class A common — — — — — (10,555) — (10,555) Net income (loss) — — — — — 323,219 (450) 322,769 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 $ (1,102) $ 1,534,888 Thirty-nine Weeks Ended Cal-Maine Foods, Inc. Stockholders Common Stock Class A Treasury Paid In Accum. Other Retained Noncontrolling Amount Amount Amount Capital Comp. Loss Earnings Interest Total Balance at May 28, 2022 $ 703 $ 48 $ (28,447) $ 67,989 $ (1,596) $ 1,065,854 $ (206) $ 1,104,345 Other comprehensive loss, net of tax — — — — (1,471) — — (1,471) Stock compensation plan transactions — — (1,549) 2,988 — — — 1,439 Dividends ($ 4.403 per share) Common — — — — — (194,478) — (194,478) Class A common — — — — — (21,144) — (21,144) Net income (loss) — — — — — 647,093 (896) 646,197 Balance at February 25, 2023 $ 703 $ 48 $ (29,996) $ 70,977 $ (3,067) $ 1,497,325 (1,102) $ 1,534,888

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	9 Months Ended
	Mar. 02, 2024
Net Income per Common Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	Thirteen Weeks Thirty-nine Weeks Ended March 2, 2024 February 25, 2023 March 2, 2024 February 25, 2023 Numerator Net income $ 146,363 $ 322,769 $ 163,352 $ 646,197 Less: Loss attributable to noncontrolling interest (349) (450) (1,295) (896) Net income attributable to Cal-Maine Foods, Inc. $ 146,712 $ 323,219 $ 164,647 $ 647,093 Denominator Weighted-average outstanding, basic 48,727 48,653 48,702 48,634 Effect of dilutive restricted shares 157 189 163 198 Weighted-average outstanding, diluted 48,884 48,842 48,865 48,832 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 3.01 $ 6.64 $ 3.38 $ 13.31 Diluted $ 3.00 $ 6.62 $ 3.37 $ 13.25

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Mar. 02, 2024
Revenue from Contracts with Customers [Abstract]
Disaggregation of Revenue	Thirteen Weeks Thirty-nine Weeks Ended March 2, 2024 February 25, 2023 March 2, 2024 February 25, 2023 Conventional shell egg sales $ 413,619 $ 689,022 $ 919,498 $ 1,656,528 Specialty shell egg sales 262,293 272,205 688,879 700,803 Egg products 21,759 32,582 63,994 88,274 Other 5,405 3,684 13,283 11,932 $ 703,076 $ 997,493 $ 1,685,654 $ 2,457,537

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Mar. 02, 2024
Stock Based Compensation [Abstract]
Summary of Equity Award Activity	Number of Shares Weighted Average Grant Date Fair Value Outstanding, June 3, 2023 294,140 $ 43.72 Granted 86,363 54.91 Vested (99,360) 37.70 Forfeited (1,329) 44.68 Outstanding, March 2, 2024 279,814 $ 49.31

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Mar. 02, 2024	Feb. 25, 2023	Jun. 03, 2023
Significant Accounting Policies [Line Items]
Fiscal period duration	91 days	91 days	273 days	273 days
Reserves for credit losses	$ 605		$ 605		$ 579
Percentage of net income loss used to compute accrued dividends			33.33%
Minimum [Member]
Significant Accounting Policies [Line Items]
Intangible assets estimated useful life	5 years		5 years
Maximum [Member]
Significant Accounting Policies [Line Items]
Intangible assets estimated useful life	15 years		15 years

Acquisition (Narrative) (Detail

Acquisition (Narrative) (Details) $ in Thousands, Layers in Millions		9 Months Ended
	Sep. 30, 2023 USD ($) Layers	Mar. 02, 2024 USD ($)	Jun. 03, 2023 USD ($)
Business Acquisition [Line Items]
Goodwill		$ 45,776	$ 44,006
Fassio Egg Farms, Inc. [Member]
Business Acquisition [Line Items]
Effective date of acquisition		Sep. 30, 2023
Layer capacity | Layers	1.2
Contingent consideration measurement period		3 years
Goodwill	$ 1,770

Acquisition (Summary of Conside

Acquisition (Summary of Consideration Paid for Fassio and Amounts of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Mar. 02, 2024	Jun. 03, 2023
Business Acquisition [Line Items]
Goodwill		$ 45,776	$ 44,006
Fassio Egg Farms, Inc. [Member]
Business Acquisition [Line Items]
Cash consideration paid	$ 53,746
Fair value of contingent consideration	1,000
Total estimated purchase price	54,746
Inventory	6,164
Property, plant and equipment	44,540
Intangible assets	2,272
Other long-term assets	143
Liabilities assumed	(143)
Total identifiable net assets	52,976
Goodwill	1,770
Total identifiable net assets and goodwill	$ 54,746

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Jun. 03, 2023
Investments Securities [Abstract]
Proceeds from sale of available-for-sale securities, current	$ 273,900,000	$ 132,700,000
Proceeds from sale of available-for-sale securities, noncurrent	1,500,000	1,800,000
Gross realized gains on sales of available-for-sale securities, current	18,000	38,000
Gross realized gains on sales of available-for-sale securities, noncurrent	14,000	6,000
Gross realized losses on sales of available-for-sale securities, current	8,000	64,000
Gross realized losses on sales of available-for-sale securities, noncurrent	0	$ 66,000
Allowance for credit losses	$ 0		$ 0

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Jun. 03, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	$ 328,309	$ 357,479
Unrealized Gains, Current	85	0
Unrealized Losses, Current	674	2,389
Estimated Fair Value, Current	327,720	355,090
Amortized Cost, Noncurrent	1,108	2,172
Unrealized Gains, Noncurrent	16	0
Unrealized Losses, Noncurrent	0	91
Estimated Fair Value, Noncurrent	1,124	2,081
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	6,147	16,571
Unrealized Gains, Current	0	0
Unrealized Losses, Current	63	275
Estimated Fair Value, Current	6,084	16,296
Commercial Paper [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	42,864	56,486
Unrealized Gains, Current	0	0
Unrealized Losses, Current	39	77
Estimated Fair Value, Current	42,825	56,409
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	121,430	139,979
Unrealized Gains, Current	0	0
Unrealized Losses, Current	367	1,402
Estimated Fair Value, Current	121,063	138,577
Certificates of Deposits [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	1,830	675
Unrealized Gains, Current	0	0
Unrealized Losses, Current	2	0
Estimated Fair Value, Current	1,828	675
US Government and Agency Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	115,165	101,240
Unrealized Gains, Current	0	0
Unrealized Losses, Current	199	471
Estimated Fair Value, Current	114,966	100,769
Asset Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	9,418	13,459
Unrealized Gains, Current	85	0
Unrealized Losses, Current	0	151
Estimated Fair Value, Current	9,503	13,308
Treasury Bills [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	31,455	29,069
Unrealized Gains, Current	0	0
Unrealized Losses, Current	4	13
Estimated Fair Value, Current	31,451	29,056
Mutual Funds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Noncurrent	1,108	2,172
Unrealized Gains, Noncurrent	16	0
Unrealized Losses, Noncurrent	0	91
Estimated Fair Value, Noncurrent	$ 1,124	$ 2,081

Investment Securities (Schedu_2

Investment Securities (Schedule of Contractual Maturities of Investment Securities) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Jun. 03, 2023
Investments Securities [Abstract]
Within one year	$ 213,556
1-5 years	114,164
Total	$ 327,720	$ 355,090

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	9 Months Ended
	Mar. 02, 2024
Fassio Egg Farms, Inc. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration measurement period	3 years

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Assets Measured at Fair Value on A Recurring Basis) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Jun. 03, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 328,844	$ 357,171
Liabilities measured at fair value	1,000
Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	1,000
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	1,124	2,081
Liabilities measured at fair value	0
Level 1 [Member] | Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	327,720	355,090
Liabilities measured at fair value	0
Level 2 [Member] | Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	0
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	0	0
Liabilities measured at fair value	1,000
Level 3 [Member] | Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	1,000
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	6,084	16,296
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	6,084	16,296
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	42,825	56,409
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	42,825	56,409
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	121,063	138,577
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	121,063	138,577
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	1,828	675
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	1,828	675
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	114,966	100,769
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	114,966	100,769
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	9,503	13,308
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	9,503	13,308
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	31,451	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	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	31,451	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	0
Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	1,124	2,081
Mutual Funds [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	1,124	2,081
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	Mar. 02, 2024 Layers pullet_and_breeder	Jun. 03, 2023 Layers pullet_and_breeder
Inventories [Abstract]
Pullets and breeders | pullet_and_breeder	10.9	10.8
Layers | Layers	42.2	41.2

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Mar. 02, 2024	Jun. 03, 2023
Inventories [Abstract]
Flocks, net of amortization	$ 150,441	$ 164,540
Eggs and egg products	26,770	28,318
Feed and supplies	92,033	91,560
Total inventories	$ 269,244	$ 284,418

Equity (Summary of Equity Activ

Equity (Summary of Equity Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Mar. 02, 2024	Feb. 25, 2023
Beginning balance	$ 1,623,964	$ 1,320,305	$ 1,609,583	$ 1,104,345
Other comprehensive income (loss), net of tax	100	20	1,372	(1,471)
Stock compensation plan transactions	(571)	(528)	1,525	1,439
Net income (loss)	146,363	322,769	163,352	646,197
Ending balance	$ 1,720,959	$ 1,534,888	$ 1,720,959	$ 1,534,888
Dividends per common share (in dollars per share)	$ 0.997	$ 2.199	$ 1.119	$ 4.403
Common Stock [Member]
Beginning balance	$ 703	$ 703	$ 703	$ 703
Ending balance	703	703	703	703
Treasury Stock [Member]
Beginning balance	(30,014)	(28,496)	(30,008)	(28,447)
Stock compensation plan transactions	(1,583)	(1,500)	(1,589)	(1,549)
Ending balance	(31,597)	(29,996)	(31,597)	(29,996)
Paid In Capital [Member]
Beginning balance	74,214	70,005	72,112	67,989
Stock compensation plan transactions	1,012	972	3,114	2,988
Ending balance	75,226	70,977	75,226	70,977
Accum. Other Comp. Loss [Member]
Beginning balance	(1,614)	(3,087)	(2,886)	(1,596)
Other comprehensive income (loss), net of tax	100	20	1,372	(1,471)
Ending balance	(1,514)	(3,067)	(1,514)	(3,067)
Retained Earnings [Member]
Beginning balance	1,583,071	1,281,784	1,571,112	1,065,854
Net income (loss)	146,712	323,219	164,647	647,093
Ending balance	1,680,886	1,497,325	1,680,886	1,497,325
Noncontrolling Interest [Member]
Beginning balance	(2,444)	(652)	(1,498)	(206)
Net income (loss)	(349)	(450)	(1,295)	(896)
Ending balance	(2,793)	(1,102)	(2,793)	(1,102)
Common Stock [Member]
Dividends	(44,111)	(97,123)	(49,501)	(194,478)
Common Stock [Member] | Retained Earnings [Member]
Dividends	(44,111)	(97,123)	(49,501)	(194,478)
Class A Common Stock [Member]
Dividends	(4,786)	(10,555)	(5,372)	(21,144)
Class A Common Stock [Member] | Common Stock [Member]
Beginning balance	48	48	48	48
Ending balance	48	48	48	48
Class A Common Stock [Member] | Retained Earnings [Member]
Dividends	$ (4,786)	$ (10,555)	$ (5,372)	$ (21,144)

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	3 Months Ended		9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Mar. 02, 2024	Feb. 25, 2023
Net Income per Common Share [Abstract]
Net income	$ 146,363	$ 322,769	$ 163,352	$ 646,197
Less: Loss attributable to noncontrolling interest	(349)	(450)	(1,295)	(896)
Net income attributable to Cal-Maine Foods, Inc.	$ 146,712	$ 323,219	$ 164,647	$ 647,093
Denominator
Weighted-average common shares outstanding, basic (in shares)	48,727	48,653	48,702	48,634
Effect of dilutive restricted shares (in shares)	157	189	163	198
Weighted-average common shares outstanding, diluted (in shares)	48,884	48,842	48,865	48,832
Net income per common share attributable to Cal-Maine Foods, Inc.
Basic (in dollars per share)	$ 3.01	$ 6.64	$ 3.38	$ 13.31
Diluted (in dollars per share)	$ 3	$ 6.62	$ 3.37	$ 13.25

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023	Mar. 02, 2024	Feb. 25, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 703,076	$ 997,493	$ 1,685,654	$ 2,457,537
Conventional shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	413,619	689,022	919,498	1,656,528
Specialty shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	262,293	272,205	688,879	700,803
Egg products [Member]
Disaggregation of Revenue [Line Items]
Net sales	21,759	32,582	63,994	88,274
Other [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 5,405	$ 3,684	$ 13,283	$ 11,932

Stock Based Compensation (Narra

Stock Based Compensation (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 02, 2024	Feb. 25, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 8.6
Weighted average period of unrecognized compensation expense	2 years 2 months 12 days
Stock based compensation expense	$ 3.2	$ 3.1

Stock Based Compensation (Summa

Stock Based Compensation (Summary of Equity Award Activity) (Details)	9 Months Ended
	Mar. 02, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding [Roll Forward]
Number of Shares, Outstanding, Beginning Balance (in shares) | shares	294,140
Number of Shares, Granted (in shares) | shares	86,363
Number of Shares, Vested (in shares) | shares	(99,360)
Number of Shares, Forfeited (in shares) | shares	(1,329)
Number of Shares, Outstanding, Ending Balance (in shares) | shares	279,814
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) | $ / shares	$ 43.72
Weighted Average Grant Date Fair Value, Granted (in dollars per share) | $ / shares	54.91
Weighted Average Grant Date Fair Value, Vested (in dollars per share) | $ / shares	37.70
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	44.68
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in dollars per share) | $ / shares	$ 49.31

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details)			3 Months Ended	9 Months Ended
	Dec. 01, 2023 USD ($)	Apr. 23, 2020 $ / Claim	Mar. 02, 2024 USD ($)	Mar. 02, 2024 USD ($)
Benton County Foods [Member]
Loss Contingencies [Line Items]
Ownership interest			100%	100%
Kraft Foods Global, Inc. et al. v. United Egg Producers, Inc. et al [Member]
Loss Contingencies [Line Items]
Amount awarded to other party	$ 17,800,000
Treble damages	$ 53,300,000
Settlement accrual			$ 19,600,000
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 | $ / 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 | $ / Claim		250,000

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Event [Member]	Apr. 01, 2024 Item
Subsequent Event [Line Items]
Number of facilities, tested positive for HPAI	1
Number of laying hens, affected by HPAI positive test	1,600,000
Number of pullets, tested positive for HPAI	337,000
Percent of total flock affected by HPAI positive test	3.60%