Cal-Maine Foods (CALM) 10-Q 7 Jan 25 2025 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Nov. 30, 2024	Jan. 07, 2025
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Nov. 30, 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	Q2
Entity Central Index Key	0000016160
Common Stock [Member]
Entity Common Stock, Shares Outstanding		44,235,087
Class A Common Stock [Member]
Entity Common Stock, Shares Outstanding		4,800,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Nov. 30, 2024	Jun. 01, 2024
Current assets:
Cash and cash equivalents	$ 140,296	$ 237,878
Investment securities available-for-sale	656,887	574,499
Trade and other receivables, net	307,292	151,983
Income tax receivable	10,459	10,459
Inventories	299,365	261,782
Prepaid expenses and other current assets	10,296	5,238
Total current assets	1,424,595	1,241,839
Property, plant & equipment, net	975,603	857,234
Investments in unconsolidated entities	11,043	11,195
Goodwill	45,776	45,776
Intangible assets, net	16,210	15,996
Other long-term assets	16,872	12,721
Total Assets	2,490,099	2,184,761
Current liabilities:
Accounts payable	116,835	75,862
Accrued wages and benefits	28,519	32,971
Accrued income taxes payable	20,787	43,348
Dividends payable	73,013	37,760
Accrued expenses and other liabilities	21,597	37,802
Total current liabilities	260,751	227,743
Other noncurrent liabilities	48,548	17,109
Deferred income taxes, net	129,317	142,866
Total liabilities	438,616	387,718
Commitments and contingencies - see Note 10
Stockholders' equity:
Paid-in capital	78,600	76,371
Retained earnings	1,998,585	1,756,395
Accumulated other comprehensive loss, net of tax	(908)	(1,773)
Common stock in treasury at cost - 26,026 shares at November 30, 2024 and 26,022 shares at June 1, 2024	(31,661)	(31,597)
Total Cal-Maine Foods, Inc. stockholders' equity	2,045,367	1,800,147
Noncontrolling interest in consolidated entity	6,116	(3,104)
Total stockholders' equity	2,051,483	1,797,043
Total Liabilities and Stockholders' Equity	2,490,099	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	Nov. 30, 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)	26,026,000	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		6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Nov. 30, 2024	Dec. 02, 2023
Condensed Consolidated Statements of Income [Abstract]
Net sales	$ 954,671	$ 523,234	$ 1,740,542	$ 982,578
Cost of sales	598,629	432,104	1,137,282	846,015
Gross profit	356,042	91,130	603,260	136,563
Selling, general and administrative	77,633	76,578	139,565	128,824
Loss on involuntary conversions	10	0	156	0
(Gain) loss on disposal of fixed assets	338	318	(1,479)	262
Operating income	278,061	14,234	465,018	7,477
Other income (expense):
Interest income, net	9,770	6,987	19,555	14,333
Other, net	1,130	897	2,341	1,041
Total other income, net	10,900	7,884	21,896	15,374
Income before income taxes	288,961	22,118	486,914	22,851
Income tax expense	70,602	5,540	118,965	5,862
Net income	218,359	16,578	367,949	16,989
Less: Loss attributable to noncontrolling interest	(705)	(431)	(1,091)	(946)
Net income attributable to Cal-Maine Foods, Inc.	$ 219,064	$ 17,009	$ 369,040	$ 17,935
Net income per common share:
Basic (in dollars per share)	$ 4.49	$ 0.35	$ 7.57	$ 0.37
Diluted (in dollars per share)	$ 4.47	$ 0.35	$ 7.54	$ 0.37
Weighted average shares outstanding:
Basic (in shares)	48,765	48,690	48,762	48,691
Diluted (in shares)	48,970	48,866	48,953	48,854

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Nov. 30, 2024	Dec. 02, 2023
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 218,359	$ 16,578	$ 367,949	$ 16,989
Other comprehensive income (loss), before tax:
Unrealized holding gain (loss) on available-for-sale securities, net of reclassification adjustments	(573)	895	1,142	1,681
Income tax benefit (expense) related to items of other comprehensive income	139	(218)	(277)	(409)
Other comprehensive Income (loss), net of tax	(434)	677	865	1,272
Comprehensive income	217,925	17,255	368,814	18,261
Less: Comprehensive loss attributable to the noncontrolling interest	(705)	(431)	(1,091)	(946)
Comprehensive income attributable to Cal-Maine Foods, Inc.	$ 218,630	$ 17,686	$ 369,905	$ 19,207

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Cash flows from operating activities:
Net income	$ 367,949	$ 16,989
Depreciation and amortization	45,818	39,394
Deferred income taxes	(13,825)	5,862
Other adjustments, net	(159,791)	11,407
Net cash provided by operations	240,151	73,652
Cash flows from investing activities:
Purchases of investment securities	(501,567)	(43,569)
Sales and maturities of investment securities	426,500	196,104
Investment in unconsolidated entities	0	(363)
Distributions from unconsolidated entities	750	0
Acquisition of business	(111,521)	(53,746)
Purchases of property, plant and equipment	(65,588)	(65,774)
Net proceeds from disposal of property, plant and equipment	4,004	150
Net cash provided by (used in) investing activities	(247,422)	32,802
Cash flows from financing activities:
Payments of dividends	(87,774)	(37,276)
Purchase of common stock by treasury	(60)	(5)
Principal payments on long-term debt	(2,477)	0
Principal payments on finance lease	0	(214)
Net cash used in financing activities	(90,311)	(37,495)
Net change in cash and cash equivalents	(97,582)	68,959
Cash and cash equivalents at beginning of period	237,878	292,824
Cash and cash equivalents at end of period	$ 140,296	$ 361,783

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Nov. 30, 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”) have in accordance reporting and should “2024 statement of the results for the interim periods presented and, recurring nature. Operating results year. Fiscal Year The Company’s ended on November 30, 2024 and December 2, 2023 included 13 26 weeks , respectively. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make assumptions that could differ from those estimates. Investment Securities Available-for-Sale The Company has because the on quoted market prices as of the balance sheet The recorded in interest income. The Company regularly evaluates economic conditions to that fair value was less than the amortized cost basis. The cost basis Gains Statements of Income. Interest and dividends on securities classified as available-for-sale are recorded in interest income. Trade Receivables Trade June 1, 767 490 customers based on an evaluation of each The monitoring historical loss information adjusted as needed for economic and other forward-looking factors. Dividends Payable We The Company pays quarter for in an amount equal one-third following the last to shareholders of record on the 65th day after the quarter end. Dividends are payable on the 15th day following the record date. Following a quarter for which the Company does not report net income attributable to Cal-Maine Foods, Inc., the Company will not pay a dividend for a subsequent date of the most recent quarter for which a dividend was paid. The dividend policy is subject to periodic review by the Board of Directors. Revenue Recognition The Company channels. customer performance shipment expensed as the Company’s agreements are generally less than one year. Revenues are products. based incentives, guaranteed sales these programs, which is recorded as rates actual realization of these programs would be recognized the subsequent period. Business Combinations The Company applies the acquisition method of accounting, which requires that once control is obtained, all and liabilities assumed, including amounts the date of acquisition. We determine the fair values of identifiable assets and liabilities internally, the considers the remaining estimated life of the assets acquired and what management believes is the market value for those assets. We valuing discount rates and useful lives. The as goodwill. Loss Contingencies Certain Company but which will and assessing loss result in such claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment can assessment cannot determinable and 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 during the fiscal year had or is expected to have a material impact on our Consolidated Financial Statements.

Acquisitions

Acquisitions	6 Months Ended
	Nov. 30, 2024
Acquisitions [Abstract]
Acquisitions	Note 2 - Acquisitions Acquisition of ISE America, Inc. Assets Effective June 28, 2024 , the products breaking facilities shell 4.7 hens, including 1.0 1.2 4,000 egg products breaking facility. The acquired assets also include an extensive customer distribution network across the Northeast and accounted for the acquisition as a business combination. Pending the and the amounts of assets acquired and liabilities assumed recognized at the acquisition date (in thousands): 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 net assets $ 111,521 Inventories consisted primarily of flock, feed ingredients, packaging, and egg inventory. Flock inventory was valued at carrying 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 and/or functional or economic obsolescence. Intangible approach. Other Acquisitions Effective 9.23 % MeadowCreek Foods LLC.

Investment Securities

Investment Securities	6 Months Ended
	Nov. 30, 2024
Investment Securities [Abstract]
Investment Securities	Note 3 - Investment Securities The following represents the Company’s investment securities as of November 30, 2024 and June 1, 2024 (in thousands): November 30, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 13,727 $ — $ 22 $ 13,705 Commercial paper 71,143 5 — 71,148 Corporate bonds 301,630 190 — 301,820 Certificates of deposits 5,606 1 — 5,607 US government and agency obligations 151,606 — 204 151,402 Asset backed securities 643 4 — 647 Treasury bills 112,569 — 11 112,558 Total current investment securities $ 656,924 $ 200 $ 237 $ 656,887 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 investment securities $ 575,663 $ — $ 1,164 $ 574,499 Available-for-sale Proceeds from 426.5 196.1 the twenty-six weeks ended November 30, 2024 and December 2, 2023 were $ 30 7 no realized December 2, 2023 were $ 8 no Actual maturities may differ without penalties. Contractual maturities of current investments at November 30, 2024 are as follows (in thousands): Estimated Fair Value Within one year $ 401,873 1-5 years 255,014 Total $ 656,887

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Nov. 30, 2024
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 4 - Fair Value Measurements The Company hierarchy. The knowledgeable, and willing parties able to engage in the be paid settle the liability with the creditor. • Level 1 • Level 2 directly or indirectly, including: ◦ 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 data • 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 at cost are as follows: Cash and cash equivalents, accounts receivable, and accounts payable: short maturity of these instruments. Assets and Liabilities Measured at Fair Value In liabilities measured at fair value on a recurring basis as of November 30, 2024 and June 1, 2024 (in thousands): November 30, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 13,705 $ — $ 13,705 Commercial paper — 71,148 — 71,148 Corporate bonds — 301,820 — 301,820 Certificates of deposits — 5,607 — 5,607 US government and agency obligations — 151,402 — 151,402 Asset backed securities — 647 — 647 Treasury bills — 112,558 — 112,558 Total assets measured at fair value $ — $ 656,887 $ — $ 656,887 Liabilities Contingent consideration $ — $ — $ 13,000 $ 13,000 Total liabilities measured at fair value $ — $ — $ 13,000 $ 13,000 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 value $ — $ 574,499 $ — $ 574,499 Liabilities Contingent consideration $ — $ — $ 6,500 $ 6,500 Total liabilities measured at fair value $ — $ — $ 6,500 $ 6,500 Investment securities when purchased. We Observable inputs for these securities are yields, credit risks, default rates, and volatility. Contingent consideration (“Fassio”) three-year commencing on the date of the acquisition in the second quarter of fiscal estimated used contingent considered projections. Fassio Contingent Consideration Balance, June 1, 2024 $ 6,500 Fair value adjustments 6,500 Balance, November 30, 2024 $ 13,000 Adjustments to the fair value of contingent consideration are recorded within selling, general and administrative expenses in the condensed consolidated statements of income.

Inventories

Inventories	6 Months Ended
	Nov. 30, 2024
Inventories [Abstract]
Inventories	Note 5 - Inventories Inventories consisted of the following as of November 30, 2024 and June 1, 2024 (in thousands): November 30, 2024 June 1, 2024 Flocks, net of amortization $ 166,634 $ 149,985 Eggs and egg products 34,182 25,217 Feed and supplies 98,549 86,580 $ 299,365 $ 261,782 We breeders November 30, 12.0 11.8 48.1 million and 39.9

Equity

Equity	6 Months Ended
	Nov. 30, 2024
Equity [Abstract]
Equity	Note 6 - Equity The following reflects equity activity for the thirteen weeks ended November 30, 2024 and December 2, 2023 (in thousands): Thirteen Weeks Ended November 30, 2024 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 August 31, 2024 $ 703 $ 48 $ (31,632) $ 77,503 $ (474) $ 1,856,405 $ (3,490) $ 1,899,063 Other comprehensive income, net of tax — — — — (434) — — (434) Stock compensation plan transactions — — (29) 1,097 — — — 1,068 Contributions to Crepini Foods LLC — — — — — — 6,485 6,485 Aquisition of noncontrolling interest in MeadowCreek Foods LLC — — — — — (3,826) 3,826 — Dividends ($ 1.489 per share) Common — — — — — (65,911) — (65,911) Class A common — — — — — (7,147) — (7,147) Net income (loss) — — — — — 219,064 (705) 218,359 Balance at November 30, 2024 $ 703 $ 48 $ (31,661) $ 78,600 $ (908) $ 1,998,585 $ 6,116 $ 2,051,483 Twenty-six 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 — — — — 865 — — 865 Stock compensation plan transactions — — (64) 2,229 — — — 2,165 Contributions to Crepini Foods LLC — — — — — — 6,485 6,485 Aquisition of noncontrolling interest in MeadowCreek Foods LLC — — — — — (3,826) 3,826 — Dividends ($ 2.509 per share) Common — — — — — (110,986) — (110,986) Class A common — — — — — (12,038) — (12,038) Net income (loss) — — — — — 369,040 (1,091) 367,949 Balance at November 30, 2024 $ 703 $ 48 $ (31,661) $ 78,600 $ (908) $ 1,998,585 $ 6,116 $ 2,051,483 Thirteen Weeks Ended December 2, 2023 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 September 2, 2023 $ 703 $ 48 $ (30,014) $ 73,153 $ (2,291) $ 1,571,744 $ (2,013) $ 1,611,330 Other comprehensive income, net of tax — — — — 677 — — 677 Stock compensation plan transactions — — — 1,061 — — — 1,061 Dividends ($ 0.116 per share) Common — — — — — (5,125) — (5,125) Class A common — — — — — (557) — (557) Net income (loss) — — — — — 17,009 (431) 16,578 Balance at December 2, 2023 $ 703 $ 48 $ (30,014) $ 74,214 $ (1,614) $ 1,583,071 $ (2,444) $ 1,623,964 Twenty-six 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 loss, net of tax — — — — 1,272 — — 1,272 Stock compensation plan transactions — — (6) 2,102 — — — 2,096 Dividends ($ 0.122 per share) Common — — — — — (5,390) — (5,390) Class A common — — — — — (586) — (586) Net income (loss) — — — — — 17,935 (946) 16,989 Balance at December 2, 2023 $ 703 $ 48 $ (30,014) $ 74,214 $ (1,614) $ 1,583,071 $ (2,444) $ 1,623,964

Net Income per Common Share

Net Income per Common Share	6 Months Ended
	Nov. 30, 2024
Net Income per Common Share [Abstract]
Net Income per Common Share	Note 7 - Net Income per Common Share Basic net income per net dilutive effect of share-based awards. The income per common share (amounts in thousands, except per share data): Thirteen Weeks Ended Twenty-six Weeks November 30, 2024 December 2, 2023 November 30, 2024 December 2, 2023 Numerator Net income $ 218,359 $ 16,578 $ 367,949 $ 16,989 Less: Loss attributable to noncontrolling interest (705) (431) (1,091) (946) Net income attributable to Cal-Maine Foods, Inc. $ 219,064 $ 17,009 $ 369,040 $ 17,935 Denominator Weighted-average common shares outstanding, basic 48,765 48,690 48,762 48,691 Effect of dilutive restricted shares 205 176 191 163 Weighted-average common shares outstanding, diluted 48,970 48,866 48,953 48,854 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 4.49 $ 0.35 $ 7.57 $ 0.37 Diluted $ 4.47 $ 0.35 $ 7.54 $ 0.37

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Nov. 30, 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 shell eggs and egg products. The Company’s shell egg product offerings include specialty and conventional shell eggs. and nutritionally enhanced eggs. Conventional shell egg sales represent all other shell egg sales not The Company’s cooked institutional, foodservice channels. The following table provides revenue disaggregated by product category (in thousands): Thirteen Weeks Ended Twenty-six Weeks November 30, 2024 December 2, 2023 November 30, 2024 December 2, 2023 Conventional shell egg sales $ 616,891 $ 280,599 $ 1,101,627 $ 505,879 Specialty shell egg sales 286,970 217,905 543,747 426,586 Egg products 40,651 20,012 75,826 42,235 Other 10,159 4,718 19,342 7,878 $ 954,671 $ 523,234 $ 1,740,542 $ 982,578

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Nov. 30, 2024
Stock Based Compensation [Abstract]
Stock Based Compensation	Note 9 - Stock Based Compensation Total stock-based compensation expense was $ 2.2 2.1 and December 2, 2023, respectively. Unrecognized compensation Restated 5.1 average period of 1.7 14 - Stock Compensation Plans in our 2024 Annual Report for further information on our stock compensation plans. The Company’s restricted share activity for the twenty-six weeks ended November 30, 2024 follows: Number of Shares Weighted Average Grant Date Fair Value Outstanding, June 1, 2024 277,954 $ 49.38 Vested (3,016) 45.07 Forfeited (2,892) 52.88 Outstanding, November 30, 2024 272,046 $ 49.39

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Nov. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10 - Commitments and Contingencies LEGAL PROCEEDINGS State of Texas v. On April 23, of Court of violation (“DTPA”). COVID-19 permanent $ 100,000 prejudice. On September 11, First proceedings. On October 31, 2022, the Company and WCF appealed the First District Court’s Texas. trial court setting procedural 1.0 restitution, civil remote. Kraft Foods Global, Inc. et al. v. United Egg Producers, Inc. et al. As previously cases involving plaintiffs who sought substantial damages allegedly arising from the purchase of egg products remaining plaintiffs are until a subsequent settlement was reached as described below, The Kellogg Company. On September the MDL No. 2002, to the United States District Court for Egg Producers, defendants illegally certain features of the United producers. On October 24, 2019, the Company entered into a claims against the Company of operations. dismissed the Company with prejudice. The trial of this case began on October 17, 2023. On December 1, 2023, the jury returned a decision awarding the Plaintiffs $ 17.8 defendants, 43.6 motion for judgment as a matter of law or for a new trial, and a motion to alter or amend the judgment. the requiring the judgment until the disposition of the post-judgment motions and ultimate appeals. On a bond 23.9 appeal the trial court’s to vigorously defend the claims asserted by the Egg Products Plaintiffs. If the damages, 43.6 Plaintiffs’ 19.6 million in classified bond possible ultimate damages award, excluding the Egg Product Plaintiffs’ offset by the credits noted producer accrual may change future to the extent we are successful in further proceedings in the litigation. State of Oklahoma Watershed Pollution Litigation On June against Cal-Maine and litter the defendants 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 and concluded in February 2010. On January 18, 2023, the court entered findings of fact defendants producers reach Circuit defendants’ evidentiary hearing record September 20, on supporting briefs by case, at the present of injunctive relief or other penalties existed litigation although we believe that our share compared to the other defendants is small. Other Matters In addition to the above, outcome of the final outcome should not have a material effect on the Company’s consolidated results of operations or financial position.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policy)	6 Months Ended
	Nov. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The “we,” “us,” “our”) have in accordance reporting and should “2024 statement of the results for the interim periods presented and, recurring nature. Operating results year.
Fiscal Year	Fiscal Year The Company’s ended on November 30, 2024 and December 2, 2023 included 13 26 weeks , respectively.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make assumptions that could differ from those estimates.
Investment Securities Available-for-Sale	Investment Securities Available-for-Sale The Company has because the on quoted market prices as of the balance sheet The recorded in interest income. The Company regularly evaluates economic conditions to that fair value was less than the amortized cost basis. The cost basis Gains Statements of Income. Interest and dividends on securities classified as available-for-sale are recorded in interest income.
Trade Receivables	Trade Receivables Trade June 1, 767 490 customers based on an evaluation of each The monitoring historical loss information adjusted as needed for economic and other forward-looking factors.
Dividends Payable	Dividends Payable We The Company pays quarter for in an amount equal one-third following the last to shareholders of record on the 65th day after the quarter end. Dividends are payable on the 15th day following the record date. Following a quarter for which the Company does not report net income attributable to Cal-Maine Foods, Inc., the Company will not pay a dividend for a subsequent date of the most recent quarter for which a dividend was paid. The dividend policy is subject to periodic review by the Board of Directors.
Revenue Recognition	Revenue Recognition The Company channels. customer performance shipment expensed as the Company’s agreements are generally less than one year. Revenues are products. based incentives, guaranteed sales these programs, which is recorded as rates actual realization of these programs would be recognized the subsequent period.
Business Combinations	Business Combinations The Company applies the acquisition method of accounting, which requires that once control is obtained, all and liabilities assumed, including amounts the date of acquisition. We determine the fair values of identifiable assets and liabilities internally, the considers the remaining estimated life of the assets acquired and what management believes is the market value for those assets. We valuing discount rates and useful lives. The as goodwill.
Loss Contingencies	Loss Contingencies Certain Company but which will and assessing loss result in such claims as well as the perceived merits of the amount of relief sought or expected to be sought therein. If the assessment can assessment cannot determinable and 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 during the fiscal year had or is expected to have a material impact on our Consolidated Financial Statements.

Fair Value Measurements (Policy

Fair Value Measurements (Policy)	6 Months Ended
	Nov. 30, 2024
Fair Value Measurements [Abstract]
Fair Value Measurement	The Company hierarchy. The knowledgeable, and willing parties able to engage in the be paid settle the liability with the creditor. • Level 1 • Level 2 directly or indirectly, including: ◦ 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 data • 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 at cost are as follows: Cash and cash equivalents, accounts receivable, and accounts payable: short maturity of these instruments.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Nov. 30, 2024
Acquisitions [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 net assets $ 111,521

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Nov. 30, 2024
Investment Securities [Abstract]
Schedule of Investment Securities	November 30, 2024 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value Municipal bonds $ 13,727 $ — $ 22 $ 13,705 Commercial paper 71,143 5 — 71,148 Corporate bonds 301,630 190 — 301,820 Certificates of deposits 5,606 1 — 5,607 US government and agency obligations 151,606 — 204 151,402 Asset backed securities 643 4 — 647 Treasury bills 112,569 — 11 112,558 Total current investment securities $ 656,924 $ 200 $ 237 $ 656,887 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 investment securities $ 575,663 $ — $ 1,164 $ 574,499
Schedule of Contractual Maturities of Investment Securities	Estimated Fair Value Within one year $ 401,873 1-5 years 255,014 Total $ 656,887

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Nov. 30, 2024
Fair Value Measurements [Abstract]
Schedule of Assets Measured at Fair Value on a Recurring Basis	November 30, 2024 Level 1 Level 2 Level 3 Balance Assets Municipal bonds $ — $ 13,705 $ — $ 13,705 Commercial paper — 71,148 — 71,148 Corporate bonds — 301,820 — 301,820 Certificates of deposits — 5,607 — 5,607 US government and agency obligations — 151,402 — 151,402 Asset backed securities — 647 — 647 Treasury bills — 112,558 — 112,558 Total assets measured at fair value $ — $ 656,887 $ — $ 656,887 Liabilities Contingent consideration $ — $ — $ 13,000 $ 13,000 Total liabilities measured at fair value $ — $ — $ 13,000 $ 13,000 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 value $ — $ 574,499 $ — $ 574,499 Liabilities Contingent consideration $ — $ — $ 6,500 $ 6,500 Total liabilities measured at fair value $ — $ — $ 6,500 $ 6,500
Schedule of Beginning and Ending Balances in Fair Value of The Contingent Consideration	Fassio Contingent Consideration Balance, June 1, 2024 $ 6,500 Fair value adjustments 6,500 Balance, November 30, 2024 $ 13,000

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Nov. 30, 2024
Inventories [Abstract]
Schedule of Inventories	November 30, 2024 June 1, 2024 Flocks, net of amortization $ 166,634 $ 149,985 Eggs and egg products 34,182 25,217 Feed and supplies 98,549 86,580 $ 299,365 $ 261,782

Equity (Tables)

Equity (Tables)	6 Months Ended
	Nov. 30, 2024
Equity [Abstract]
Summary of Equity Activity	Thirteen Weeks Ended November 30, 2024 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 August 31, 2024 $ 703 $ 48 $ (31,632) $ 77,503 $ (474) $ 1,856,405 $ (3,490) $ 1,899,063 Other comprehensive income, net of tax — — — — (434) — — (434) Stock compensation plan transactions — — (29) 1,097 — — — 1,068 Contributions to Crepini Foods LLC — — — — — — 6,485 6,485 Aquisition of noncontrolling interest in MeadowCreek Foods LLC — — — — — (3,826) 3,826 — Dividends ($ 1.489 per share) Common — — — — — (65,911) — (65,911) Class A common — — — — — (7,147) — (7,147) Net income (loss) — — — — — 219,064 (705) 218,359 Balance at November 30, 2024 $ 703 $ 48 $ (31,661) $ 78,600 $ (908) $ 1,998,585 $ 6,116 $ 2,051,483 Thirteen Weeks Ended December 2, 2023 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 September 2, 2023 $ 703 $ 48 $ (30,014) $ 73,153 $ (2,291) $ 1,571,744 $ (2,013) $ 1,611,330 Other comprehensive income, net of tax — — — — 677 — — 677 Stock compensation plan transactions — — — 1,061 — — — 1,061 Dividends ($ 0.116 per share) Common — — — — — (5,125) — (5,125) Class A common — — — — — (557) — (557) Net income (loss) — — — — — 17,009 (431) 16,578 Balance at December 2, 2023 $ 703 $ 48 $ (30,014) $ 74,214 $ (1,614) $ 1,583,071 $ (2,444) $ 1,623,964 Twenty-six 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 — — — — 865 — — 865 Stock compensation plan transactions — — (64) 2,229 — — — 2,165 Contributions to Crepini Foods LLC — — — — — — 6,485 6,485 Aquisition of noncontrolling interest in MeadowCreek Foods LLC — — — — — (3,826) 3,826 — Dividends ($ 2.509 per share) Common — — — — — (110,986) — (110,986) Class A common — — — — — (12,038) — (12,038) Net income (loss) — — — — — 369,040 (1,091) 367,949 Balance at November 30, 2024 $ 703 $ 48 $ (31,661) $ 78,600 $ (908) $ 1,998,585 $ 6,116 $ 2,051,483 Twenty-six 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 loss, net of tax — — — — 1,272 — — 1,272 Stock compensation plan transactions — — (6) 2,102 — — — 2,096 Dividends ($ 0.122 per share) Common — — — — — (5,390) — (5,390) Class A common — — — — — (586) — (586) Net income (loss) — — — — — 17,935 (946) 16,989 Balance at December 2, 2023 $ 703 $ 48 $ (30,014) $ 74,214 $ (1,614) $ 1,583,071 $ (2,444) $ 1,623,964

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	6 Months Ended
	Nov. 30, 2024
Net Income per Common Share [Abstract]
Computation of Basic and Diluted Net Income Per Share	Thirteen Weeks Ended Twenty-six Weeks November 30, 2024 December 2, 2023 November 30, 2024 December 2, 2023 Numerator Net income $ 218,359 $ 16,578 $ 367,949 $ 16,989 Less: Loss attributable to noncontrolling interest (705) (431) (1,091) (946) Net income attributable to Cal-Maine Foods, Inc. $ 219,064 $ 17,009 $ 369,040 $ 17,935 Denominator Weighted-average common shares outstanding, basic 48,765 48,690 48,762 48,691 Effect of dilutive restricted shares 205 176 191 163 Weighted-average common shares outstanding, diluted 48,970 48,866 48,953 48,854 Net income per common share attributable to Cal-Maine Foods, Inc. Basic $ 4.49 $ 0.35 $ 7.57 $ 0.37 Diluted $ 4.47 $ 0.35 $ 7.54 $ 0.37

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Nov. 30, 2024
Revenue from Contracts with Customers [Abstract]
Disaggregation of Revenue	Thirteen Weeks Ended Twenty-six Weeks November 30, 2024 December 2, 2023 November 30, 2024 December 2, 2023 Conventional shell egg sales $ 616,891 $ 280,599 $ 1,101,627 $ 505,879 Specialty shell egg sales 286,970 217,905 543,747 426,586 Egg products 40,651 20,012 75,826 42,235 Other 10,159 4,718 19,342 7,878 $ 954,671 $ 523,234 $ 1,740,542 $ 982,578

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Nov. 30, 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 (3,016) 45.07 Forfeited (2,892) 52.88 Outstanding, November 30, 2024 272,046 $ 49.39

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Nov. 30, 2024	Dec. 02, 2023	Jun. 01, 2024
Significant Accounting Policies [Line Items]
Fiscal period duration	91 days	91 days	182 days	182 days
Reserves for credit losses	$ 767		$ 767		$ 490
Percentage of net income loss used to compute accrued dividends			33.33%

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) pullet_and_breeder in Millions, Layers in Millions, Item in Millions		6 Months Ended
	Jun. 28, 2024 a Layers pullet_and_breeder Item	Nov. 30, 2024
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
Meadowcreek Foods LLC [Member]
Business Acquisition [Line Items]
Additional interest acquired		9.23%

Acquisitions (Summary of Consid

Acquisitions (Summary of Consideration Paid for Fassio and Amounts of Assets Acquired and Liabilities Assumed) (Details) - ISE America, Inc. [Member] $ in Thousands	Jun. 28, 2024 USD ($)
Business Acquisition [Line Items]
Cash consideration paid	$ 111,521
Inventories	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 ($)	6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Jun. 01, 2024
Investment Securities [Abstract]
Proceeds from sale of available-for-sale securities, current	$ 426,500,000	$ 196,100,000
Gross realized gains on sales of available-for-sale securities, current	30,000	7,000
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	Nov. 30, 2024	Jun. 01, 2024
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	$ 656,924	$ 575,663
Unrealized Gains, Current	200	0
Unrealized Losses, Current	237	1,164
Estimated Fair Value, Current	656,887	574,499
Municipal Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	13,727	4,100
Unrealized Gains, Current	0	0
Unrealized Losses, Current	22	41
Estimated Fair Value, Current	13,705	4,059
Commercial Paper [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	71,143	137,856
Unrealized Gains, Current	5	0
Unrealized Losses, Current	0	121
Estimated Fair Value, Current	71,148	137,735
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	301,630	233,289
Unrealized Gains, Current	190	0
Unrealized Losses, Current	0	697
Estimated Fair Value, Current	301,820	232,592
Certificates of Deposits [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	5,606	3,505
Unrealized Gains, Current	1	0
Unrealized Losses, Current	0	14
Estimated Fair Value, Current	5,607	3,491
US Government and Agency Obligations [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	151,606	154,520
Unrealized Gains, Current	0	0
Unrealized Losses, Current	204	251
Estimated Fair Value, Current	151,402	154,269
Asset Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	643	3,154
Unrealized Gains, Current	4	0
Unrealized Losses, Current	0	30
Estimated Fair Value, Current	647	3,124
Treasury Bills [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost, Current	112,569	39,239
Unrealized Gains, Current	0	0
Unrealized Losses, Current	11	10
Estimated Fair Value, Current	$ 112,558	$ 39,229

Investment Securities (Schedu_2

Investment Securities (Schedule of Contractual Maturities of Investment Securities) (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Jun. 01, 2024
Investment Securities [Abstract]
Within one year	$ 401,873
1-5 years	255,014
Total	$ 656,887	$ 574,499

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details)	6 Months Ended
	Nov. 30, 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	Nov. 30, 2024	Jun. 01, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	$ 656,887	$ 574,499
Liabilities measured at fair value	13,000	6,500
Contingent consideration [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities measured at fair value	13,000	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	656,887	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	13,000	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	13,000	6,500
Municipal Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value	13,705	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	13,705	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	71,148	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	71,148	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	301,820	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	301,820	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	5,607	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	5,607	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	151,402	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	151,402	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	647	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	647	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	112,558	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	112,558	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

Fair Value Measurements (Sche_2

Fair Value Measurements (Schedule of Beginning and Ending Balances in Fair Value of The Contingent Consideration) (Details) - Fassio Egg Farms, Inc. [Member] $ in Thousands	6 Months Ended
	Nov. 30, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of the contingent consideration, Beginning balance	$ 6,500
Assets Fair Value Adjustment	6,500
Fair value of the contingent consideration, Ending balance	$ 13,000

Inventories (Narrative) (Detail

Inventories (Narrative) (Details) pullet_and_breeder in Millions, Layers in Millions	Nov. 30, 2024 Layers pullet_and_breeder	Jun. 01, 2024 Layers pullet_and_breeder
Inventories [Abstract]
Pullets and breeders | pullet_and_breeder	12	11.8
Layers | Layers	48.1	39.9

Inventories (Schedule Of Invent

Inventories (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Nov. 30, 2024	Jun. 01, 2024
Inventories [Abstract]
Flocks, net of amortization	$ 166,634	$ 149,985
Eggs and egg products	34,182	25,217
Feed and supplies	98,549	86,580
Total inventories	$ 299,365	$ 261,782

Equity (Summary of Equity Activ

Equity (Summary of Equity Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Nov. 30, 2024	Dec. 02, 2023
Beginning balance	$ 1,899,063	$ 1,611,330	$ 1,797,043	$ 1,609,583
Other comprehensive income (loss), net of tax	(434)	677	865	1,272
Stock compensation plan transactions	1,068	1,061	2,165	2,096
Contributions to Crepini Foods LLC	6,485		6,485
Acquisition of noncontrolling interest in Meadowcreek Foods LLC	0		0
Net income (loss)	218,359	16,578	367,949	16,989
Ending balance	$ 2,051,483	$ 1,623,964	$ 2,051,483	$ 1,623,964
Dividends per common share (in dollars per share)	$ 1.489	$ 0.116	$ 2.509	$ 0.122
Common Stock [Member]
Beginning balance	$ 703	$ 703	$ 703	$ 703
Stock compensation plan transactions	0	0	0	0
Ending balance	703	703	703	703
Treasury Stock [Member]
Beginning balance	(31,632)	(30,014)	(31,597)	(30,008)
Stock compensation plan transactions	(29)	0	(64)	(6)
Ending balance	(31,661)	(30,014)	(31,661)	(30,014)
Paid In Capital [Member]
Beginning balance	77,503	73,153	76,371	72,112
Stock compensation plan transactions	1,097	1,061	2,229	2,102
Ending balance	78,600	74,214	78,600	74,214
Accum. Other Comp. Loss [Member]
Beginning balance	(474)	(2,291)	(1,773)	(2,886)
Other comprehensive income (loss), net of tax	(434)	677	865	16,989
Ending balance	(908)	(1,614)	(908)	(1,614)
Retained Earnings [Member]
Beginning balance	1,856,405	1,571,744	1,756,395	1,571,112
Acquisition of noncontrolling interest in Meadowcreek Foods LLC	(3,826)		(3,826)
Net income (loss)	219,064	17,009	369,040	17,935
Ending balance	1,998,585	1,583,071	1,998,585	1,583,071
Noncontrolling Interest [Member]
Beginning balance	(3,490)	(2,013)	(3,104)	(1,498)
Contributions to Crepini Foods LLC	6,485		6,485
Acquisition of noncontrolling interest in Meadowcreek Foods LLC	3,826		3,826
Net income (loss)	(705)	(431)	(1,091)	(946)
Ending balance	6,116	(2,444)	6,116	(2,444)
Common Stock [Member]
Dividends	(65,911)	(5,125)	(110,986)	(5,390)
Common Stock [Member] | Retained Earnings [Member]
Dividends	(65,911)	(5,125)	(110,986)	(5,390)
Class A Common Stock [Member]
Dividends	(7,147)	(557)	(12,038)	(586)
Class A Common Stock [Member] | Common Stock [Member]
Beginning balance	48	48	48	48
Stock compensation plan transactions	0	0	0	0
Ending balance	48	48	48	48
Class A Common Stock [Member] | Retained Earnings [Member]
Dividends	$ (7,147)	$ (557)	$ (12,038)	$ (586)

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		6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Nov. 30, 2024	Dec. 02, 2023
Net Income per Common Share [Abstract]
Net income	$ 218,359	$ 16,578	$ 367,949	$ 16,989
Less: Loss attributable to noncontrolling interest	(705)	(431)	(1,091)	(946)
Net income attributable to Cal-Maine Foods, Inc.	$ 219,064	$ 17,009	$ 369,040	$ 17,935
Denominator
Weighted-average common shares outstanding, basic (in shares)	48,765	48,690	48,762	48,691
Effect of dilutive restricted shares (in shares)	205	176	191	163
Weighted-average common shares outstanding, diluted (in shares)	48,970	48,866	48,953	48,854
Net income per common share attributable to Cal-Maine Foods, Inc.
Basic (in dollars per share)	$ 4.49	$ 0.35	$ 7.57	$ 0.37
Diluted (in dollars per share)	$ 4.47	$ 0.35	$ 7.54	$ 0.37

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023	Nov. 30, 2024	Dec. 02, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 954,671	$ 523,234	$ 1,740,542	$ 982,578
Conventional shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	616,891	280,599	1,101,627	505,879
Specialty shell egg sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	286,970	217,905	543,747	426,586
Egg products [Member]
Disaggregation of Revenue [Line Items]
Net sales	40,651	20,012	75,826	42,235
Other [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 10,159	$ 4,718	$ 19,342	$ 7,878

Stock Based Compensation (Narra

Stock Based Compensation (Narrative) (Details) - USD ($) $ in Millions	6 Months Ended
	Nov. 30, 2024	Dec. 02, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 5.1
Weighted average period of unrecognized compensation expense	1 year 8 months 12 days
Stock based compensation expense	$ 2.2	$ 2.1

Stock Based Compensation (Summa

Stock Based Compensation (Summary of Equity Award Activity) (Details)	6 Months Ended
	Nov. 30, 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	(3,016)
Number of Shares, Forfeited (in shares) | shares	(2,892)
Number of Shares, Outstanding, Ending Balance (in shares) | shares	272,046
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	45.07
Weighted Average Grant Date Fair Value, Forfeited (in dollars per share) | $ / shares	52.88
Weighted Average Grant Date Fair Value, Outstanding, Ending Balance (in dollars per share) | $ / shares	$ 49.39

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($)				3 Months Ended	6 Months Ended
	Nov. 06, 2024	Dec. 01, 2023	Apr. 23, 2020	Dec. 02, 2023	Nov. 30, 2024	Dec. 17, 2024
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					$ 43,600,000
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		$ 1,000,000
Judicial Ruling [Member] | Kraft Foods Global, Inc. et al. v. United Egg Producers, Inc. et al [Member]
Loss Contingencies [Line Items]
Treble damages	$ 43,600,000
Judicial Ruling [Member] | Kraft Foods Global, Inc. et al. v. United Egg Producers, Inc. et al [Member] | Subsequent Event [Member] | Surety Bond [Member]
Loss Contingencies [Line Items]
Company posted bond, amount						$ 23,900,000