Financial Highlights - FY'20

3 Well-Positioned in the Shift to "Food-At-Home" Trend with Strong Retail Presence EM Cal-Maine Foods, Inc. 20 At-Home Meal Increases CALM's Sales by Channel 2% 6% As Millenials grow older and start families, growth in dine at home is expected to increase COVID-19 has accelerated at- home meal consumption: ~65% of the food wallet is now being spent on groceries vs. being 50% - 50% split a few months ago 75% FY 2020 65% 92% 55% ■Retail Food Service Egg Products Structural Drivers Lower restaurant traffic due to social distancing 45% restrictions and potential safety concerns; some permanent closures 35% Working from home - less eating at or near the office Consumers re-discovering cooking With time-pressured consumers increasingly looking for quick and simple meal solutions, eggs are seen as an answer Increased availability of online grocery/curbside pick-up alternatives Monthly U.S. Food Expenditures (%) Food-at-Home as a % of total food consumption at highest levels in more than 25 years 70.3% Feb. 2019 50.4% 49.6% 25% Apr-15 May-16 May-17 May-18 May-19 Food at Home Food Away from Home Source: Company filings, U.S. Census Bureau Annual & Monthly Retail Trade Surveys (Seasonally Adjusted), Wall Street research, Mintel and Linkage Research. 29.7% 64.8% 35.2% May-20

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