$Limoneira (LMNR.US)$ shares are off 7% after the company said it expects avocado volumes to decline.
For guidance, the citrus and avocado producer expects avocado volumes in fiscal 2025 of 7 million to 8 million pounds, down from 2024's 15.1 million pounds of avocados sold. The company anticipates fresh lemon volumes in the range of 5 million to 5.5 million cartons in the fiscal year.
The company reported earnings after the bell on Monday. For Q4 fiscal year 2024, total net revenue was $43.9 million vs the previous year's $41.4 million.
Adjusted net loss for diluted EPS for Q4 was $1.6 million ($0.09 per diluted share) vs the previous year's EPS of $2.6 million ($0.15 per diluted share).
