HIGHBuilt-inProduct / Revenue mix
fresh shell eggs
“10-K Item 1A: 'The production and sale of fresh shell eggs, which accounted for 84.6% to 94.3% of our net sales in our last three fiscal years'”
CALM · Concentration risk · 10-K extracted
Cal-Maine Foods (CALM) concentration risks
Updated
The most significant concentration Cal-Maine Foods discloses is fresh shell eggs, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: Cal-Maine Foods’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partyCustomer
43.1%
top three customers
“10-K Item 1A: 'Our top three customers accounted for an aggregate of 43.1%, 49.2% and 49.0% of our net sales for fiscal 2026, 2025 and 2024, respectively.'”
MEDIUMOutside partyCustomer
30%
Walmart largest customer
“10-K Item 1A: 'Our largest customer, Walmart Inc. ... accounted for 30.0%, 33.6% and 34.0% of net sales dollars for fiscal 2026, 2025 and 2024, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Cal-Maine pairs a product concentration with a customer concentration. The production and sale of fresh shell eggs accounted for a range of 84.6% to 94.3% of net sales over the last three fiscal years, a large-share structural exposure: the company is essentially a single-commodity business, so egg prices and supply conditions, including disease outbreaks in flocks, drive results. On the customer side, the top three customers accounted for an aggregate of 43.1% of net sales in fiscal 2026, compared with 49.2% and 49.0% in the two prior years. Walmart Inc., the largest customer, accounted for 30.0% of net sales dollars, versus 33.6% and 34.0% earlier. Both are medium-share dependencies, and both have been trending lower. Netted together, the commodity exposure is the structural driver that could move the verdict most, since egg pricing swings dominate earnings. The customer dependency is an idiosyncratic overlay that has eased, though it still gives a few retailers meaningful negotiating weight. Both are clearly disclosed in the 10-K.
For the engine’s reasoning on CALM’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Farm Products
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| BG | Bunge Limited | 2 | 1 | 0 | 3 |
| CALM● | Cal-Maine Foods, Inc. | 1 | 2 | 0 | 3 |
| TSN | Tyson Foods, Inc. | 0 | 1 | 1 | 2 |
| ADM | Archer-Daniels-Midland Company | 0 | 0 | 0 | 0 |
| DMC | Del Monte Corporation | 0 | 0 | 0 | 0 |
| DOLE | Dole plc | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.