Key Takeaways
- Limoneira (Nasdaq: LMNR) reported Q1 FY2026 total net revenues of $18.2 million, down from $34.3 million in the same period last year, primarily due to its transition to a Sunkist sales and marketing partnership.
- Operating loss widened to $10.6 million from $5.3 million in Q1 FY2025, with the company citing one-time expenses including packinghouse repairs and costs related to the exit of its Chilean farming operations.
- Operating costs declined 27% year-over-year following the elimination of citrus sales and marketing expenses transferred to Sunkist.
- The company expects approximately $155 million in additional proceeds from its Harvest at Limoneira real estate joint venture over the next five fiscal years.
- Limoneira maintains its FY2026 volume guidance of 4.0–4.5 million fresh lemon cartons and 5.0–6.0 million pounds of avocados.
Limoneira Posts Q1 FY2026 Revenue Decline as Sunkist Transition Shifts Sales Cadence
Limoneira Company (Nasdaq: LMNR), a diversified lemon and avocado grower and lemon packing company with agribusiness and real estate development operations, has reported financial results for its first fiscal quarter ended January 31, 2026.
Total net revenues for the quarter came in at $18.2 million, compared to $34.3 million in the first quarter of the prior fiscal year. The company attributed the year-over-year decline primarily to its strategic transition to Sunkist for lemon sales and marketing, which has shifted the timing of lemon revenue toward the back half of the fiscal year.
Limoneira Q1 FY2026 Financial Highlights
Revenue
Agribusiness revenues were $16.8 million in Q1 FY2026, compared to $32.9 million in Q1 FY2025. Fresh packed lemon sales totaled $11.9 million, with approximately 681,000 cartons sold at an average price of $17.41 per carton. This compares to approximately 1,147,000 cartons sold at $18.44 per carton in the same quarter last year. The per-carton figures for FY2026 are net of the Sunkist marketing fee.
