Laird Superfood Inc Stock Price, News & Analysis

Laird Superfood has appointed Anya Hamill as the Interim Chief Financial Officer effective July 1, 2022, following the resignation of Valerie Ells. Hamill brings over 20 years of experience in finance and strategy within the CPG food and beverage sector, having previously served as CFO of Little Secrets Chocolates. CEO Jason Vieth expressed confidence in Hamill's ability to drive the company's growth. Laird Superfood specializes in plant-based products, co-founded by professional surfer Laird Hamilton in 2015.

Laird Superfood reported a 26% increase in net sales for Q1 2022, totaling $9.3 million. Online sales contributed 58%, with a 35% growth in direct-to-consumer. Wholesale sales grew by 31%. However, the gross profit was $1.9 million, reflecting a decrease in gross margin to 20.9% from 24.8%. The company faced a significant net loss of $14.1 million, or $1.55 per diluted share, largely due to non-cash charges. Despite operational challenges, the outlook remains cautiously optimistic with a forecast of $41 million to $44 million in net sales for the year.

Laird Superfood (NYSE American: LSF) plans to release its Q1 financial results for the period ending March 31, 2022, on May 12, 2022, after market close. A webcast will follow at 5:00 p.m. ET for management to discuss the results. Founded in 2015 by renowned surfer Laird Hamilton, Laird Superfood offers plant-based superfood products aimed at enhancing daily consumption. Their products emphasize sustainability and real ingredients, available online at lairdsuperfood.com.

Laird Superfood has launched its first compostable coffee pod, Bright Cups, in celebration of Earth Month. Designed to reduce landfill waste, these pods are made from 85% coffee chaff and feature a blend of high-quality coffee, Lion’s Mane mushrooms, and adaptogens. Bright Cups are BPI-certified compostable and compatible with most single-serve machines, aligning with the brand’s commitment to sustainability. Priced at $17.95 for a 12-pack, they aim to provide an eco-friendly alternative in the growing single-serve coffee market.

Laird Superfood has appointed Andrew Judd as the new Chief Commercial Officer. Mr. Judd will be responsible for driving the company’s commercial strategy, overseeing marketing, sales, product development, and customer experience. With significant experience in brand marketing from various high-growth enterprises, he aims to expand Laird Superfood’s market share. CEO Jason Vieth emphasized the importance of Judd’s leadership in optimizing commercial opportunities. Laird Superfood specializes in plant-based superfood products designed to enhance daily routines.

Laird Superfood has appointed Daryl Moore as the new Senior Vice President of Sales, bringing over 30 years of experience in the food and beverage industry. His role will focus on national expansion across wholesale channels to drive strategic growth. Moore's previous accomplishments include leadership positions at Bulletproof Nutrition and Starbucks, where he received the President’s Award for Food Program Innovation. This announcement follows the recent appointment of Jason Vieth as CEO, emphasizing a fresh direction for the company.

Laird Superfood (NYSE American: LSF) reported a 43% increase in net sales for FY2021, totaling $36.8 million. Online sales made up 62% of total revenue, while direct-to-consumer sales surged 87%. Despite increased net sales, the company recorded a net loss of $23.9 million or $2.66 per diluted share, worsening from the previous year's loss of $14.5 million. Operating expenses rose significantly to $33.4 million, influenced by heightened marketing and administrative costs. For 2022, Laird anticipates net sales between $41 million to $44 million.

Laird Superfood, Inc. (NYSE American: LSF) will announce its financial results for the fourth quarter and the full year ending December 31, 2021 on Tuesday, March 8, 2022, after market close. A webcast will follow at 5:00 p.m. ET to discuss the outcomes. Interested participants can access the live webcast via the Laird Superfood Investor Relations website.

Co-founded by big-wave surfer Laird Hamilton in 2015, Laird Superfood specializes in environmentally friendly, plant-based superfood products.

Laird Superfood, Inc. (LSF) recently appointed Jason Vieth as President and CEO, succeeding Paul Hodge. Vieth, with a solid background in the food and beverage industry, aims to leverage his experience in high-growth brands. The company reported expected fourth-quarter net sales of $9.4 million, up 29% year-over-year, and full-year sales of approximately $36.8 million, a 43% increase compared to 2020. The gross margin is projected at 24% for Q4 and 26% for the full year, consistent with the previous year. A conference call is scheduled for 5:00 p.m. ET today.