Limoneira Company (NASDAQ:LMNR) has significantly raised its expectations on avocado volumes this year to take advantage of higher prices for the fruit.
“We now expect avocado volumes to be in the range of 14.5 million to 15.5 million pounds for fiscal year 2024 compared to previous guidance of 9 million to 10 million pounds, a more than 50% increase compared to prior guidance,” CEO Harold Edwards said on Monday during a third-quarter earnings call with analysts.
“We expect to complete the avocado harvest in the fourth quarter with approximately 4 million to 5 million pounds remaining. Keep in mind, we expect our fourth quarter to represent a ...
