Laird Superfood Inc Stock Price, News & Analysis

Laird Superfood (LSF) reported a net loss of $4.9 million for Q2 2022, an improvement from $6.3 million a year ago. Net sales totaled $8.7 million, down 6% year-over-year. Online sales contributed 60% of total sales but fell by 11%, while wholesale sales rose by 4%. The gross profit was $1.6 million, leading to a gross margin of 18.2%, a decline from 23.8% in the previous year. However, net cash used in operating activities improved by 33%. The company expects full-year sales between $36 million and $38 million while facing economic uncertainties.

Laird Superfood, Inc. (NYSE American: LSF) announced that CEO Jason Vieth will participate in the Canaccord Genuity 42nd Annual Growth Conference from August 8-11, 2022, in Boston, MA. Vieth is scheduled for a fireside chat at 8:30 a.m. Eastern Time on August 11. Investors can access a live webcast of the presentation on the Laird Superfood Investor Relations website, with a replay available for 30 days. Laird Superfood specializes in plant-based superfood products, co-founded by renowned surfer Laird Hamilton in 2015.

Laird Superfood, Inc. (NYSE American: LSF) will announce its financial results for Q2 ended June 30, 2022, on August 10, 2022, after market close. A management webcast will follow at 5:00 p.m. ET to discuss these results. The company, co-founded by big-wave surfer Laird Hamilton, specializes in creating plant-based superfood products designed to enhance daily health and wellness. With environmentally responsible practices and real ingredients, Laird Superfood aims to fuel consumers naturally throughout the day.

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.