Limoneira Reports Q3 Fiscal 2026 Earnings with Revenue Decline and Wider Net Loss
Limoneira Co (NASDAQ:LMNR) reported weaker third-quarter fiscal 2026 results, with revenue falling to $43.8 million from $47.5 million a year earlier. The company posted a net loss of $3 million or $0.17 per share, compared to the prior-year period's performance. Key factors affecting earnings included lower lemon sales volume and changes in citrus brokerage operations transitioning to Sunkist. Despite these challenges, adjusted EBITDA improved to $3.9 million due to higher agribusiness operating income, stronger avocado volumes, and reduced SG&A expenses. Limoneira now expects fiscal 2026 lemon volume at the lower end of its range—4 million to 4.25 million cartons—due to oversupply from Argentine imports. The company remains focused on asset monetization strategies, including a $15 million Windfall Farms sale expected in Q3 and plans for long-term development proceeds exceeding $180 million over seven years.
Tickers: $LMNR
Topics: agribusiness asset_monetization avocado_outlook lemon_sales net_loss_widening revenue_decline