Why Avocado Toast May Get A Lot Cheaper
Portfolio Pulse from Michael Juliano
Limoneira Company (NASDAQ:LMNR) has increased its avocado volume expectations for fiscal year 2024 by over 50%, aiming to capitalize on higher prices. The company reported significant growth in avocado revenue and plans to expand production. However, it anticipates lower prices in 2025 due to international factors.
September 10, 2024 | 7:07 pm
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Limoneira has raised its avocado volume expectations for FY2024 by over 50%, reporting a significant increase in avocado revenue. The company plans to expand production but expects lower prices in 2025 due to international factors.
Limoneira's increased avocado volume expectations and significant revenue growth indicate a positive short-term outlook. However, the anticipation of lower prices in 2025 due to international factors suggests potential future challenges. The immediate impact is likely positive due to current high prices and increased production.
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