What changed
Adjusted EPS of $0.02 compares to -$0.02 in Q3 FY25. Revenue was $44M, down from $47.5M YoY. FY26 guidance narrowed lemon volumes to the lower end of 4.0M–4.5M cartons and raised avocado volumes to 7.0M–7.25M pounds. Lower brokered lemon, orange, and specialty citrus sales from the Sunkist transition drove the revenue decline, partially offset by higher fresh lemon carton prices.
Why it matters
Adjusted EPS of $0.02 compares to -$0.02 in Q3 FY25. Revenue was $44M, down from $47.5M YoY. FY26 guidance narrowed lemon volumes to the lower end of 4.0M–4.5M cartons and raised avocado volumes to 7.0M–7.25M pounds. Lower brokered lemon, orange, and specialty citrus sales from the Sunkist transition drove the revenue decline, partially offset by higher fresh lemon carton prices.