Limoneira Posts 25% Revenue Drop in Q3

Limoneira (NASDAQ:LMNR), a major grower of lemons and avocados and a real estate developer, released its third-quarter fiscal 2025 earnings on September 9, 2025. The company reported a drop in revenue, a decline in earnings, and lower cash levels compared to the prior year. These results reflect ongoing pressure in its core agribusiness and highlight increasing reliance on real estate to support liquidity. Management restated its confidence in long-term strategies, including a pending partnership with Sunkist and development projects, but overall, the quarter showed clear operating and financial challenges.Limoneira runs two major businesses: growing and marketing fresh fruit, and developing real estate on its extensive land holdings. Its primary crops are lemons and avocados, while other crops include oranges and wine grapes. The company's agricultural lands cover thousands of acres, mainly in California and Arizona, with some international expansion into Chile and Argentina.The business has shifted focus in recent years. Management is working to improve margins in fruit sales, expand avocado production, and unlock value from real estate ventures. Strategic priorities include effective water management, diversifying agricultural output, and selling or developing land to generate cash. The company's future success depends on stabilizing farm profitability, growing avocado acreage, and executing on major real estate projects such as the Harvest at Limoneira community.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool