Limoneira Company (LMNR) Earnings Call Transcripts
Limoneira Company's Latest Earnings Call - Q2 FY2026
Limoneira Company reported its Q2 FY2026 earnings, highlighting a strategic transformation with a focus on long-term value creation. Revenue for the quarter was $23.9 million, down from $35.1 million YoY, primarily due to strategic shifts including the Sunkist partnership and exiting certain operations. Despite a GAAP net loss of $21.4 million, the company exceeded expectations for adjusted EBITDA, signaling operational improvements. Management raised full-year avocado volume guidance, reflecting confidence in agricultural operations. Guidance for positive adjusted EBITDA in the latter half of FY2026 was reiterated.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $23.9 million (miss) |
| Adjusted EBITDA | Loss of $1.7 million (beat) |
| Net Loss | $21.4 million (miss) |
| Avocado Volume Guidance | 5.5 to 6.5 million pounds (positive) |
| Fresh Lemon Volume Guidance | 4 to 4.5 million cartons (inline) |
Guidance from management
Management reiterated guidance for positive adjusted EBITDA in the third and fourth quarters of FY2026, driven by increased avocado volumes and improved lemon pricing. Full-year avocado volume guidance was raised to 5.5 to 6.5 million pounds.
What management said
That's a great question. So we pushed about 500,000 pounds from Q2 into Q3. And right now we're seeing pricing anywhere. So remember, pricing is a function of how many sizes and the price per size. But the peak size right now is about a 48. And we're seeing about $1.40 for 48. today. So anywhere from $1.30 to $1.40. So I would expect our blended average price to be somewhere on the order of magnitude of $1.30 maybe. ...
Yes, lemons are also another encouraging story right now. We're seeing average pricing across all grades and sizes above $20. And Greg and I just saw a forecast for the remainder of the fiscal year that has the average pricing across all sizes and grades, the average going up about $1. carton each month between now and October. So theoretically, $21 in July, $22 in August, and so on and so forth. So we haven't seen t...
What analysts pressed on
Analysts expressed concerns about the timing and pricing of avocado harvests, the closing risks associated with the Paso Robles vineyard sale, and the structure of the water rights monetization. Management addressed these by highlighting strategic timing for harvests and ongoing negotiations for water rights.
Main topics on the call
- Strategic Transformation — Management emphasized a strategic transformation to position Limoneira for long-term value creation, including a partnership with Sunkist and exiting non-core operations. 'We exceeded expectations for revenue and adjuste...
- Avocado Production Expansion — Limoneira increased its full-year avocado volume guidance, with 1,700 acres planted and 800 acres currently bearing fruit. Additional acreage will begin bearing fruit in the next 2-4 years, nearly doubling production cap...
- Lemon Pricing and Sunkist Partnership — Lemon pricing exceeded $20 per carton, with expectations for further increases. The Sunkist partnership provides enhanced market access, contributing to improved pricing and fresh utilization rates.
- Real Estate and Asset Monetization — The company is progressing on real estate projects, expecting $155 million in proceeds over five years. A partial sale of the Paso Robles vineyard for $16 million is underway, with potential closing risks noted.
Read the full Limoneira Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Limoneira Company
Limoneira Company (LMNR) is a publicly listed company in the Food Products industry, within the Consumer Staples sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 33 calls on record spanning January 13, 2020 to June 9, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 33 Limoneira Company earnings call transcripts on record, spanning January 13, 2020 to June 9, 2026. Based on this history, Limoneira Company reports quarterly. The most recent call on file is dated June 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- LMNR
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Consumer Staples
- Industry
- Food Products
- Calls on record
- 33
- First call
- January 13, 2020
- Most recent
- June 9, 2026
- Reporting cadence
- quarterly