CALM — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-07-22

• quoted regional wholesale market prices for shell eggs, our costs of production,

• of cost-plus arrangements, or hybrid models including cost of production

• for $244.8 million or 8.4% of our net sales. Prepared food sales for

• fiscal 2024, respectively. The increase in net income attributable

• million was used in investing activities, primarily due to the acquisition

Text removed vs the prior filing · source: 10-K · 2025-07-22

• have announced goals to either exclusively offer cage-free eggs or significantly increase the

• supply, affordability and consumer demand, among other contingencies. While we

• “impose burdensome red tape on the production of eggs and poultry products nationally in

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

• and the cage-free egg landscape and affect our ability to successfully navigate these issues.

Text removed vs the prior filing · source: 10-K · 2025-07-22

• including the processing facilities from ISE and feed mills from Deal-Rite.

• which was offset by the temporary decrease in production due to the HPAI outbreaks at our facilities.

• For fiscal 2025, we recognized net sales of $4.3 billion and net income of $1.2 billion. We recorded a gross profit of $1.9 billion

• for the Urner Barry southeast large index for fiscal 2025 increased 118.3%

• addition, sales increased in part due to increased volumes of outside egg purchases to provide shell

Text added vs the prior filing · source: 10-K · 2026-07-22

• Management’s Discussion and Analysis – Results of Operations

• -free egg sales in the future, subject in most cases to availability of supply,

Text removed vs the prior filing · source: 10-K · 2025-07-22

• from 271 to 288 eggs which is directly impacted by available supply.

• total shell egg disappearance in the U.S. by the U.S. population.

• shell eggs; however, grain-based or variations of cost plus arrangements are also commonly utilized.

• Specialty eggs are typically sold at prices and terms negotiated directly with customers and in the case of cage-free eggs, can be

• higher due to customer and consumer willingness to pay more for specialty eggs.

Text removed vs the prior filing · source: 10-K · 2025-07-22

• fluctuations that are largely beyond our control. We are focused on growing our specialty shell egg business, in part because the

• to market conditions that are largely beyond our control. To ensure continued availability of feed ingredients, we may enter

• grain purchases several months in advance and commit to purchase organic ingredients to help assure

• Based on 2025 actual costs, table flexes feed cost inputs to show $0.01 impacts to per dozen egg feed production costs.

• instruments to manage our exposure to interest rate changes.