Cal-Maine Foods (CALM) 10-Q 1 Oct 24 2025 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Aug. 31, 2024	Oct. 01, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Aug. 31, 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	--05-31
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000016160
Common Stock [Member]
Entity Common Stock, Shares Outstanding		44,236,582
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,800,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2024	Jun. 01, 2024
Current assets:
Cash and cash equivalents	$ 181,667	$ 237,878
Investment securities available-for-sale	571,923	574,499
Trade and other receivables, net	272,092	151,983
Income tax receivable	10,459	10,459
Inventories	293,182	261,782
Prepaid expenses and other current assets	14,156	5,238
Total current assets	1,343,479	1,241,839
Property, plant & equipment, net	960,070	857,234
Investments in unconsolidated entities	11,753	11,195
Goodwill	45,776	45,776
Intangible assets, net	16,175	15,996
Other long-term assets	12,755	12,721
Total Assets	2,390,008	2,184,761
Current liabilities:
Accounts payable	128,600	75,862
Accrued wages and benefits	18,961	32,971
Accrued income taxes payable	106,288	43,348
Dividends payable	49,971	37,760
Accrued expenses and other liabilities	21,595	37,802
Total current liabilities	325,415	227,743
Other noncurrent liabilities	36,854	17,109
Deferred income taxes, net	128,676	142,866
Total liabilities	490,945	387,718
Commitments and contingencies - see Note 10
Stockholders' equity:
Paid-in capital	77,503	76,371
Retained earnings	1,856,405	1,756,395
Accumulated other comprehensive loss, net of tax	(474)	(1,773)
Common stock in treasury at cost - 26,024 shares at August 31, 2024 and 26,022 shares at June 1, 2024	(31,632)	(31,597)
Total Cal-Maine Foods, Inc. stockholders' equity	1,902,553	1,800,147
Noncontrolling interest in consolidated entity	(3,490)	(3,104)
Total stockholders' equity	1,899,063	1,797,043
Total Liabilities and Stockholders' Equity	2,390,008	2,184,761
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	Aug. 31, 2024	Jun. 01, 2024
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)	26,024,000	26,022,000
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
	Aug. 31, 2024	Sep. 02, 2023
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 785,871	$ 459,344
Cost of sales	538,653	413,911
Gross profit	247,218	45,433
Selling, general and administrative	61,932	52,246
Loss on involuntary conversions	146	0
Gain on disposal of fixed assets	(1,817)	(56)
Operating income (loss)	186,957	(6,757)
Other income (expense):
Interest income, net	9,785	7,346
Other, net	1,211	144
Total other income, net	10,996	7,490
Income before income taxes	197,953	733
Income tax expense	48,363	322
Net income	149,590	411
Less: Loss attributable to noncontrolling interest	(386)	(515)
Net income attributable to Cal-Maine Foods, Inc.	$ 149,976	$ 926
Net income per common share:
Basic (in dollars per share)	$ 3.08	$ 0.02
Diluted (in dollars per share)	$ 3.06	$ 0.02
Weighted average shares outstanding:
Basic (in shares)	48,761	48,690
Diluted (in shares)	48,932	48,840

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 149,590	$ 411
Other comprehensive income (loss), before tax:
Unrealized holding gain on available-for-sale securities, net of reclassification adjustments	1,715	786
Income tax expense related to items of other comprehensive income	(416)	(191)
Other comprehensive Income, net of tax	1,299	595
Comprehensive income	150,889	1,006
Less: Comprehensive loss attributable to the noncontrolling interest	(386)	(515)
Comprehensive income attributable to Cal-Maine Foods, Inc.	$ 151,275	$ 1,521

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023
Cash flows from operating activities:
Net income	$ 149,590	$ 411
Depreciation and amortization	22,048	19,340
Deferred income taxes	(14,605)	322
Other adjustments, net	(39,581)	3,612
Net cash provided by operations	117,452	23,685
Cash flows from investing activities:
Purchases of investment securities	(202,196)	(28,296)
Sales and maturities of investment securities	209,673	135,768
Acquisition of business	(111,521)	0
Purchases of property, plant and equipment	(35,773)	(26,666)
Net proceeds from disposal of property, plant and equipment	3,946	74
Net cash provided by (used in) investing activities	(135,871)	80,880
Cash flows from financing activities:
Payments of dividends	(37,758)	(36,983)
Purchase of common stock by treasury	(34)	(5)
Principal payments on finance lease	0	(58)
Net cash used in financing activities	(37,792)	(37,046)
Net change in cash and cash equivalents	(56,211)	67,519
Cash and cash equivalents at beginning of period	237,878	292,824
Cash and cash equivalents at end of period	$ 181,667	$ 360,343

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Aug. 31, 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 “2024 statement of the results for recurring nature. year. Fiscal Year The Company’s and September 2, 2023 included 13 weeks . 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. The cost Gains Statements of Income. Interest and dividends on securities classified as available-for-sale Trade Receivables Trade receivables 1, 716 490 customers based on The monitoring historical loss information adjusted as needed for economic and 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. Revenue Recognition The channels. customer performance shipment expensed as the Company’s Revenues are products. based incentives, these programs, which rates actual realization of these programs would be recognized the subsequent 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. Loss Contingencies Certain Company but and assessing loss result in claims as well as the perceived merits of the amount of relief sought or expected If the assessment can assessment cannot determinable involve guarantees, in which case the 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	3 Months Ended
	Aug. 31, 2024
Acquisition [Abstract]
Acquisition	Note 2 - Acquisition Effective June 28, 2024 , the products breaking shell 4.7 hens, including 1.0 1.2 4,000 egg products breaking facility. and accounted for the acquisition as a business combination. Pending the and the amounts of assets acquired and liabilities assumed recognized Cash consideration paid $ 111,521 Recognized amounts of identifiable assets acquired and liabilities assumed Inventories $ 20,547 Property, plant and equipment 90,572 Intangible assets 710 Liabilities assumed (308) Total identifiable $ 111,521 Inventories consisted primarily of flock, feed ingredients, value inventory were all valued based on market prices as of June 28, 2024. Property, the assets and subtracting any depreciation resulting from physical deterioration Intangible approach.

Investment Securities

Investment Securities	3 Months Ended
	Aug. 31, 2024
Investments Securities [Abstract]
Investment Securities	Note 3 - Investment Securities The following represents the Company’s August 31, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 4,280 $ — $ 15 $ 4,265 Commercial paper 86,698 5 — 86,703 Corporate bonds 288,383 547 — 288,930 Certificates of deposits 5,086 11 — 5,097 US government and agency obligations 148,399 — 7 148,392 Asset backed securities 2,877 — 8 2,869 Treasury bills 35,668 — 1 35,667 Total current $ 571,391 $ 563 $ 31 $ 571,923 June 1, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 4,100 $ — $ 41 $ 4,059 Commercial paper 137,856 — 121 137,735 Corporate bonds 233,289 — 697 232,592 Certificates of deposits 3,505 — 14 3,491 US government and agency obligations 154,520 — 251 154,269 Asset backed securities 3,154 — 30 3,124 Treasury bills 39,239 — 10 39,229 Total current $ 575,663 $ — $ 1,164 $ 574,499 Available-for-sale Proceeds 209.7 135.8 the ended August 31, 11 2 no losses for the thirteen weeks ended August 31, 2024. Gross realized losses for the $ 8 no Actual maturities without penalties. Contractual maturities of current investments at August Estimated Fair Value Within one year $ 365,628 1-5 years 206,295 Total $ 571,923

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Aug. 31, 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 market • 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 August 31, 2024 and June 1, August 31, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 4,265 $ — $ 4,265 Commercial paper — 86,703 — 86,703 Corporate bonds — 288,930 — 288,930 Certificates of deposits — 5,097 — 5,097 US government and agency obligations — 148,392 — 148,392 Asset backed securities — 2,869 — 2,869 Treasury bills — 35,667 — 35,667 Total assets measured at fair $ — $ 571,923 $ — $ 571,923 Liabilities Contingent consideration $ — $ — $ 6,500 $ 6,500 Total liabilities measured $ — $ — $ 6,500 $ 6,500 June 1, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 4,059 $ — $ 4,059 Commercial paper — 137,735 — 137,735 Corporate bonds — 232,592 — 232,592 Certificates of deposits — 3,491 — 3,491 US government and agency obligations — 154,269 — 154,269 Asset backed securities — 3,124 — 3,124 Treasury bills — 39,229 — 39,229 Total assets measured at fair $ — $ 574,499 $ — $ 574,499 Liabilities Contingent consideration $ — $ — $ 6,500 $ 6,500 Total liabilities measured $ — $ — $ 6,500 $ 6,500 Investment when purchased. We Observable inputs for these securities are yields, credit risks, default rates, and volatility. Contingent consideration Farms, three-year commencing on the date estimated used contingent projections.

Inventories

Inventories	3 Months Ended
	Aug. 31, 2024
Inventories [Abstract]
Inventories	Note 5 - Inventories Inventories consisted of the following as of August 31, 2024 and June 1, August 31, 2024 June 1, 2024 Flocks, net of amortization $ 169,497 $ 149,985 Eggs and egg products 30,800 25,217 Feed and supplies 92,885 86,580 $ 293,182 $ 261,782 We breeders (male 31, 2024 10.9 11.8 46.7 39.9

Equity

Equity	3 Months Ended
	Aug. 31, 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 June 1, 2024 $ 703 $ 48 $ (31,597) $ 76,371 $ (1,773) $ 1,756,395 $ (3,104) $ 1,797,043 Other comprehensive income, net of tax — — — — 1,299 — — 1,299 Stock compensation plan transactions — — (35) 1,132 — — — 1,097 Dividends ($ 1.019 per share) Common — — — — — (45,075) — (45,075) Class A common — — — — — (4,891) — (4,891) Net income (loss) — — — — — 149,976 (386) 149,590 Balance at August 31, 2024 $ 703 $ 48 $ (31,632) $ 77,503 $ (474) $ 1,856,405 $ (3,490) $ 1,899,063 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 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 — — — — 595 — — 595 Stock compensation plan transactions — — (6) 1,041 — — — 1,035 Dividends ($ 0.006 per share) Common — — — — — (265) — (265) Class A common — — — — — (29) — (29) Net income (loss) — — — — — 926 (515) 411 Balance at September 2, 2023 $ 703 $ 48 $ (30,014) $ 73,153 $ (2,291) $ 1,571,744 $ (2,013) $ 1,611,330

Net Income per Common Share

Net Income per Common Share	3 Months Ended
	Aug. 31, 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 August 31, 2024 September 2, 2023 Numerator Net income $ 149,590 $ 411 Less: Loss attributable to noncontrolling interest (386) (515) Net income attributable to Cal-Maine Foods, Inc. $ 149,976 $ 926 Denominator Weighted-average 48,761 48,690 Effect of dilutive restricted shares 171 150 Weighted-average 48,932 48,840 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 3.08 $ 0.02 Diluted $ 3.06 $ 0.02

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Aug. 31, 2024
Revenue from Contracts with Customers [Abstract]
Revenue from Contracts with Customers	Note 8 - Revenue from Contracts with Customers Net revenue is primarily generated through the sales of include specialty and and nutritionally enhanced eggs. Conventional shell egg sales represent all other The Company’s products primarily within the foodservice and retail channels. The following table provides revenue disaggregated by product category Thirteen Weeks August 31, 2024 September 2, 2023 Conventional shell egg sales $ 484,736 $ 225,280 Specialty shell egg sales 256,777 208,681 Egg products 35,175 22,223 Other 9,183 3,160 $ 785,871 $ 459,344

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Aug. 31, 2024
Stock Based Compensation [Abstract]
Stock Based Compensation	Note 9 - Stock Based Compensation Total 1.1 1.0 September 2, 2023, respectively. Unrecognized Restated 2012 Omnibus Long-Term 6.3 period 1.9 Stock Compensation Plans in our 2024 Annual Report for further information The Company’s restricted share activity Number of Shares Weighted Average Grant Date Fair Value Outstanding, June 1, 2024 277,954 $ 49.38 Vested (2,057) 44.72 Forfeited (1,682) 54.64 Outstanding, August 31, 2024 274,215 $ 49.38

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Aug. 31, 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. trial setting a trial date for August 11, 2025. Management 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 remains subject to appeals by the parties. During $ 19.6 and classified as our Product Plaintiffs’ into a judgment in discussions of those discussions. proceedings in the matter of September defend the claims asserted by the 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 Circuit defendants’ evidentiary record certify an interlocutory Circuit. loss from due associated with injunctive conditions that existed at the ongoing litigation with the State although we believe that our share compared to the other defendants is small. Other Matters In addition to outcome of the final outcome should not have a material effect on the Company’s

Subsequent Events

Subsequent Events	3 Months Ended
	Aug. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11 - Subsequent Events Effective products and featuring 3,500 entity, with 6.75 exchange for a 51 % interest in the new venture. 49 % interest in the new venture.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	3 Months Ended
	Aug. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The “we,” “us,” “our”) in reporting and “2024 statement of the results for recurring nature. year.
Fiscal Year	Fiscal Year The Company’s and September 2, 2023 included 13 weeks .
Use of Estimates	Use of Estimates The preparation of the assumptions could differ from those estimates.
Investment Securities Available-for-Sale	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. The cost Gains Statements of Income. Interest and dividends on securities classified as available-for-sale
Trade Receivables	Trade Receivables Trade receivables 1, 716 490 customers based on The monitoring historical loss information adjusted as needed for economic and
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.
Revenue Recognition	Revenue Recognition The channels. customer performance shipment expensed as the Company’s Revenues are products. based incentives, these programs, which rates actual realization of these programs would be recognized the subsequent
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.
Loss Contingencies	Loss Contingencies Certain Company but and assessing loss result in claims as well as the perceived merits of the amount of relief sought or expected If the assessment can assessment cannot determinable involve guarantees, in which case the 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)	3 Months Ended
	Aug. 31, 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 market • 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)	3 Months Ended
	Aug. 31, 2024
Acquisition [Abstract]
Summary of Consideration Paid for Fassio and Amounts of Assets Acquired and Liabilities Assumed	Cash consideration paid $ 111,521 Recognized amounts of identifiable assets acquired and liabilities assumed Inventories $ 20,547 Property, plant and equipment 90,572 Intangible assets 710 Liabilities assumed (308) Total identifiable $ 111,521

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Aug. 31, 2024
Investments Securities [Abstract]
Schedule of Investment Securities	August 31, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 4,280 $ — $ 15 $ 4,265 Commercial paper 86,698 5 — 86,703 Corporate bonds 288,383 547 — 288,930 Certificates of deposits 5,086 11 — 5,097 US government and agency obligations 148,399 — 7 148,392 Asset backed securities 2,877 — 8 2,869 Treasury bills 35,668 — 1 35,667 Total current $ 571,391 $ 563 $ 31 $ 571,923 June 1, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 4,100 $ — $ 41 $ 4,059 Commercial paper 137,856 — 121 137,735 Corporate bonds 233,289 — 697 232,592 Certificates of deposits 3,505 — 14 3,491 US government and agency obligations 154,520 — 251 154,269 Asset backed securities 3,154 — 30 3,124 Treasury bills 39,239 — 10 39,229 Total current $ 575,663 $ — $ 1,164 $ 574,499
Schedule of Contractual Maturities of Investment Securities	Estimated Fair Value Within one year $ 365,628 1-5 years 206,295 Total $ 571,923

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Aug. 31, 2024
Fair Value Measurements [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	August 31, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 4,265 $ — $ 4,265 Commercial paper — 86,703 — 86,703 Corporate bonds — 288,930 — 288,930 Certificates of deposits — 5,097 — 5,097 US government and agency obligations — 148,392 — 148,392 Asset backed securities — 2,869 — 2,869 Treasury bills — 35,667 — 35,667 Total assets measured at fair $ — $ 571,923 $ — $ 571,923 Liabilities Contingent consideration $ — $ — $ 6,500 $ 6,500 Total liabilities measured $ — $ — $ 6,500 $ 6,500 June 1, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 4,059 $ — $ 4,059 Commercial paper — 137,735 — 137,735 Corporate bonds — 232,592 — 232,592 Certificates of deposits — 3,491 — 3,491 US government and agency obligations — 154,269 — 154,269 Asset backed securities — 3,124 — 3,124 Treasury bills — 39,229 — 39,229 Total assets measured at fair $ — $ 574,499 $ — $ 574,499 Liabilities Contingent consideration $ — $ — $ 6,500 $ 6,500 Total liabilities measured $ — $ — $ 6,500 $ 6,500

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Aug. 31, 2024
Inventories [Abstract]
Schedule of Inventories	August 31, 2024 June 1, 2024 Flocks, net of amortization $ 169,497 $ 149,985 Eggs and egg products 30,800 25,217 Feed and supplies 92,885 86,580 $ 293,182 $ 261,782

Equity (Tables)

Equity (Tables)	3 Months Ended
	Aug. 31, 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 June 1, 2024 $ 703 $ 48 $ (31,597) $ 76,371 $ (1,773) $ 1,756,395 $ (3,104) $ 1,797,043 Other comprehensive income, net of tax — — — — 1,299 — — 1,299 Stock compensation plan transactions — — (35) 1,132 — — — 1,097 Dividends ($ 1.019 per share) Common — — — — — (45,075) — (45,075) Class A common — — — — — (4,891) — (4,891) Net income (loss) — — — — — 149,976 (386) 149,590 Balance at August 31, 2024 $ 703 $ 48 $ (31,632) $ 77,503 $ (474) $ 1,856,405 $ (3,490) $ 1,899,063 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 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 — — — — 595 — — 595 Stock compensation plan transactions — — (6) 1,041 — — — 1,035 Dividends ($ 0.006 per share) Common — — — — — (265) — (265) Class A common — — — — — (29) — (29) Net income (loss) — — — — — 926 (515) 411 Balance at September 2, 2023 $ 703 $ 48 $ (30,014) $ 73,153 $ (2,291) $ 1,571,744 $ (2,013) $ 1,611,330

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	3 Months Ended
	Aug. 31, 2024
Net Income per Common Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	Thirteen Weeks August 31, 2024 September 2, 2023 Numerator Net income $ 149,590 $ 411 Less: Loss attributable to noncontrolling interest (386) (515) Net income attributable to Cal-Maine Foods, Inc. $ 149,976 $ 926 Denominator Weighted-average 48,761 48,690 Effect of dilutive restricted shares 171 150 Weighted-average 48,932 48,840 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 3.08 $ 0.02 Diluted $ 3.06 $ 0.02

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Aug. 31, 2024
Revenue from Contracts with Customers [Abstract]
Disaggregation of Revenue	Thirteen Weeks August 31, 2024 September 2, 2023 Conventional shell egg sales $ 484,736 $ 225,280 Specialty shell egg sales 256,777 208,681 Egg products 35,175 22,223 Other 9,183 3,160 $ 785,871 $ 459,344

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Aug. 31, 2024
Stock Based Compensation [Abstract]
Summary of Equity Award Activity	Number of Shares Weighted Average Grant Date Fair Value Outstanding, June 1, 2024 277,954 $ 49.38 Vested (2,057) 44.72 Forfeited (1,682) 54.64 Outstanding, August 31, 2024 274,215 $ 49.38

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023	Jun. 01, 2024
Significant Accounting Policies [Line Items]
Fiscal period duration	91 days	91 days
Reserves for credit losses	$ 716		$ 490
Percentage of net income loss used to compute accrued dividends	33.33%

Acquisition (Narrative) (Detail

Acquisition (Narrative) (Details) $ in Thousands, pullet_and_breeder in Millions, Layers in Millions, Item in Millions		3 Months Ended
	Jun. 28, 2024 a Layers pullet_and_breeder Item	Aug. 31, 2024 USD ($)	Jun. 01, 2024 USD ($)
Business Acquisition [Line Items]
Goodwill | $		$ 45,776	$ 45,776
ISE America, Inc. [Member]
Business Acquisition [Line Items]
Effective date of acquisition		Jun. 28, 2024
Layer capacity at the time of acquisition | Layers	4.7
Number of pullets | pullet_and_breeder	1.2
Number of cage-free | Item	1
Area of land, inventories and an egg products breaking facility | a	4,000

Acquisition (Summary of Conside

Acquisition (Summary of Consideration Paid for Fassio and Amounts of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jun. 28, 2024	Aug. 31, 2024	Jun. 01, 2024
Business Acquisition [Line Items]
Goodwill		$ 45,776	$ 45,776
ISE America, Inc. [Member]
Business Acquisition [Line Items]
Cash consideration paid	$ 111,521
Inventory	20,547
Property, plant and equipment	90,572
Intangible assets	710
Liabilities assumed	(308)
Total identifiable net assets	$ 111,521

Investment Securities (Narrativ

Investment Securities (Narrative) (Details) - USD ($)	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023	Jun. 01, 2024
Investments Securities [Abstract]
Proceeds from sale of available-for-sale securities, current	$ 209,700,000	$ 135,800,000
Gross realized gains on sales of available-for-sale securities, current	11,000	2,000
Gross realized losses on sales of available-for-sale securities, current	0	$ 8,000
Allowance for credit losses	$ 0		$ 0

Investment Securities (Schedule

Investment Securities (Schedule of Investment Securities) (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Jun. 01, 2024
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	$ 571,391	$ 575,663
Unrealized Gains, Current	563	0
Unrealized Losses, Current	31	1,164
Estimated Fair Value, Current	571,923	574,499
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	4,280	4,100
Unrealized Gains, Current	0	0
Unrealized Losses, Current	15	41
Estimated Fair Value, Current	4,265	4,059
Commercial Paper [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	86,698	137,856
Unrealized Gains, Current	5	0
Unrealized Losses, Current	0	121
Estimated Fair Value, Current	86,703	137,735
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	288,383	233,289
Unrealized Gains, Current	547	0
Unrealized Losses, Current	0	697
Estimated Fair Value, Current	288,930	232,592
Certificates of Deposits [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	5,086	3,505
Unrealized Gains, Current	11	0
Unrealized Losses, Current	0	14
Estimated Fair Value, Current	5,097	3,491
US Government and Agency Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	148,399	154,520
Unrealized Gains, Current	0	0
Unrealized Losses, Current	7	251
Estimated Fair Value, Current	148,392	154,269
Asset Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	2,877	3,154
Unrealized Gains, Current	0	0
Unrealized Losses, Current	8	30
Estimated Fair Value, Current	2,869	3,124
Treasury Bills [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	35,668	39,239
Unrealized Gains, Current	0	0
Unrealized Losses, Current	1	10
Estimated Fair Value, Current	$ 35,667	$ 39,229

Investment Securities (Schedu_2

Investment Securities (Schedule of Contractual Maturities of Investment Securities) (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Jun. 01, 2024
Investments Securities [Abstract]
Within one year	$ 365,628
1-5 years	206,295
Total	$ 571,923	$ 574,499

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	3 Months Ended
	Aug. 31, 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	Aug. 31, 2024	Jun. 01, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 571,923	$ 574,499
Liabilities measured at fair value	6,500	6,500
Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	6,500	6,500
Level 1 [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	0	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	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	571,923	574,499
Liabilities measured at fair value	0	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	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	6,500	6,500
Level 3 [Member] | Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	6,500	6,500
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	4,265	4,059
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	4,265	4,059
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	86,703	137,735
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	86,703	137,735
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	288,930	232,592
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	288,930	232,592
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	5,097	3,491
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	5,097	3,491
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	148,392	154,269
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	148,392	154,269
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	2,869	3,124
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	2,869	3,124
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	35,667	39,229
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	35,667	39,229
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

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) pullet_and_breeder in Millions, Layers in Millions	Aug. 31, 2024 Layers pullet_and_breeder	Jun. 01, 2024 Layers pullet_and_breeder
Inventories [Abstract]
Pullets and breeders | pullet_and_breeder	10.9	11.8
Layers | Layers	46.7	39.9

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Aug. 31, 2024	Jun. 01, 2024
Inventories [Abstract]
Flocks, net of amortization	$ 169,497	$ 149,985
Eggs and egg products	30,800	25,217
Feed and supplies	92,885	86,580
Total inventories	$ 293,182	$ 261,782

Equity (Summary of Equity Activ

Equity (Summary of Equity Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023
Beginning balance	$ 1,797,043	$ 1,609,583
Other comprehensive income (loss), net of tax	1,299	595
Stock compensation plan transactions	1,097	1,035
Net income (loss)	149,590	411
Ending balance	$ 1,899,063	$ 1,611,330
Dividends per common share (in dollars per share)	$ 1.019	$ 0.006
Common Stock [Member]
Beginning balance	$ 703	$ 703
Stock compensation plan transactions	0	0
Ending balance	703	703
Treasury Stock [Member]
Beginning balance	(31,597)	(30,008)
Stock compensation plan transactions	(35)	(6)
Ending balance	(31,632)	(30,014)
Paid In Capital [Member]
Beginning balance	76,371	72,112
Stock compensation plan transactions	1,132	1,041
Ending balance	77,503	73,153
Accum. Other Comp. Loss [Member]
Beginning balance	(1,773)	(2,886)
Other comprehensive income (loss), net of tax	1,299	595
Ending balance	(474)	(2,291)
Retained Earnings [Member]
Beginning balance	1,756,395	1,571,112
Net income (loss)	149,976	926
Ending balance	1,856,405	1,571,744
Noncontrolling Interest [Member]
Beginning balance	(3,104)	(1,498)
Net income (loss)	(386)	(515)
Ending balance	(3,490)	(2,013)
Common Stock [Member]
Dividends	(45,075)	(265)
Common Stock [Member] | Retained Earnings [Member]
Dividends	(45,075)	(265)
Class A Common Stock [Member]
Dividends	(4,891)	(29)
Class A Common Stock [Member] | Common Stock [Member]
Beginning balance	48	48
Stock compensation plan transactions	0	0
Ending balance	48	48
Class A Common Stock [Member] | Retained Earnings [Member]
Dividends	$ (4,891)	$ (29)

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
	Aug. 31, 2024	Sep. 02, 2023
Net Income per Common Share [Abstract]
Net income	$ 149,590	$ 411
Less: Loss attributable to noncontrolling interest	(386)	(515)
Net income attributable to Cal-Maine Foods, Inc.	$ 149,976	$ 926
Denominator
Weighted-average common shares outstanding, basic (in shares)	48,761	48,690
Effect of dilutive restricted shares (in shares)	171	150
Weighted-average common shares outstanding, diluted (in shares)	48,932	48,840
Net income per common share attributable to Cal-Maine Foods, Inc.
Basic (in dollars per share)	$ 3.08	$ 0.02
Diluted (in dollars per share)	$ 3.06	$ 0.02

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 785,871	$ 459,344
Conventional shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	484,736	225,280
Specialty shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	256,777	208,681
Egg products [Member]
Disaggregation of Revenue [Line Items]
Net sales	35,175	22,223
Other [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 9,183	$ 3,160

Stock Based Compensation (Narra

Stock Based Compensation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Aug. 31, 2024	Sep. 02, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 6.3
Weighted average period of unrecognized compensation expense	1 year 10 months 24 days
Stock based compensation expense	$ 1.1	$ 1

Stock Based Compensation (Summa

Stock Based Compensation (Summary of Equity Award Activity) (Details)	3 Months Ended
	Aug. 31, 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	277,954
Number of Shares, Vested (in shares) | shares	(2,057)
Number of Shares, Forfeited (in shares) | shares	(1,682)
Number of Shares, Outstanding, Ending Balance (in shares) | shares	274,215
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	$ 49.38
Weighted Average Grant Date Fair Value, Vested (in dollars per share) | $ / shares	44.72
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	54.64
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in dollars per share) | $ / shares	$ 49.38

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($)		3 Months Ended
	Dec. 01, 2023	Aug. 31, 2024	Dec. 02, 2023
Benton County Foods [Member]
Loss Contingencies [Line Items]
Ownership interest		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

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) $ in Thousands	Sep. 09, 2024 USD ($)	Aug. 31, 2024 Item
Crepini LLC [Member]
Subsequent Event [Line Items]
Number of retail stores | Item		3,500
Subsequent Event [Member] | Crepini Foods LLC [Member]
Subsequent Event [Line Items]
Payments to acquire interest in joint venture | $	$ 6,750
Subsequent Event [Member] | Crepini Foods LLC [Member] | Cal-Maine Foods LLC [Member]
Subsequent Event [Line Items]
Ownership percentage	51%
Subsequent Event [Member] | Crepini Foods LLC [Member] | Crepini LLC [Member]
Subsequent Event [Line Items]
Ownership percentage	49%