Limoneira Shares Down on Low Lemon Volumes

Dow Jones09-10 06:01

Limoneira's shares were declined after the company's fiscal third-quarter sales fell and its loss widened due to lighter lemon sales volumes.

The stock retreated 5% to $14.19 in after-hours trading Wednesday. Through the close, shares are up 17% this year.

Limoneira's loss widened to $3.0 million, or 17 cents a share, from a loss of $855,000, or 6 cents a share, a year ago.

Revenue slipped 7.7% to $43.8 million from $47.5 million in the prior year. Wall Street analysts expected revenue of $49.6 million, according to FactSet.

The performance was below management's expectations, Chief Executive Harold Edwards said.

The lower sales was primarily due to lower brokered lemons, oranges and specialty citrus sales resulting from a transition of Limoneira's citrus brokerage operations to Sunkist.

Limoneira merged its citrus sales and marketing operations with Sunkist Growers in June 2025. It was expecting to benefit from higher lemon volumes under the agreement.

The fruit producer now expects lemon volume to be on the low end of full-year guidance due to higher imports. It raised its outlook for annual avocado volume.

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