Limoneira Q1 FY2026 net loss $0.53/share; revenue down 47% on Sunkist shift

Limoneira CO

2026-Q1 EPS reported -$0.53 revenue$18,205,000

Q1 net loss $9.6M ($0.53 diluted EPS); adjusted net loss $0.48/share; adjusted EBITDA -$7.7M.
Total revenues $18.2M vs $34.3M YoY; fresh lemon cartons 681k at $17.41 avg (net Sunkist fee).
Operating loss widened to $10.6M from $5.3M YoY; total costs down 27% reflecting operational savings.
FY2026 guidance reiterated: fresh lemon volumes 4.0-4.5M cartons; avocado volumes 5.0-6.0M lbs.
Harvest Phase 2 home sales underway; $180M total proceeds expected over 7 years; near-term water monetization possible.

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