Quarterly ResultJun 9, 2026, 04:07 PM
Limoneira Q2 Revenue Falls to $23.9M; Avocado Guidance Raised
AI Summary
Limoneira Company announced its second quarter fiscal year 2026 financial results, reporting total net revenues of $23.9 million, down from $35.1 million in the prior year's quarter. The company increased its full-year avocado volume guidance and highlighted strategic initiatives including the Agromin joint venture and a partial sale of its Paso Robles vineyard. Despite these developments, Limoneira reported a net loss of $21.4 million for the quarter, an increase from the previous year, driven by higher costs and expenses including asset impairments.
Key Highlights
- Limoneira reported Q2 FY2026 revenue of $23.9 million, a decrease from $35.1 million in Q2 FY2025.
- Full Year Fiscal 2026 avocado volume guidance increased to 5.5-6.5 million pounds from 5-6 million pounds.
- Agromin Joint Venture Agreement executed, creating a potential high-return platform.
- Expected Fiscal Year 2026 monetization of Paso Robles vineyard asset through a $16 million partial sale agreement.
- Q2 FY2026 net loss applicable to common stock was $21.4 million, or $1.20 per diluted share, compared to a net loss of $3.5 million, or $0.20 per diluted share, in Q2 FY2025.
- Adjusted EBITDA for Q2 FY2026 was a loss of $1.7 million, compared to a loss of $0.2 million in Q2 FY2025.
- Total costs and expenses increased to $45.6 million in Q2 FY2026 from $38.5 million in Q2 FY2025, including a $9.3 million impairment of Windfall Farms property assets.
Price Impact
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