Welcome to our dedicated page for Laird Superfood news (Ticker: LSF), a resource for investors and traders seeking the latest updates and insights on Laird Superfood stock.
Laird Superfood, Inc. (NYSE American: LSF) is a plant-based superfood company that regularly publishes updates on its products, financial performance and strategic plans. This news page aggregates company-issued press releases and other coverage so readers can follow how Laird Superfood is developing its functional food and beverage platform over time.
In its news flow, the company highlights product innovation across categories such as coffee creamers, instant lattes, hydration and beverage-enhancing mixes, snacks and other functional foods. Recent announcements have included new Hydrate drink mix flavors and variety packs, updates to liquid creamers made with USDA Certified Organic ingredients, and limited-time seasonal offerings like Maple Instant Latte with functional mushrooms.
Laird Superfood also uses news releases to communicate financial results and outlook. Earnings announcements detail net sales growth, gross margin performance, channel mix between e-commerce and wholesale, and revenue by product category and brand. These releases often include commentary from management on distribution gains in grocery and club stores, performance on Amazon.com, and investments in inventory and raw materials.
Another key theme in Laird Superfood’s news is strategic and capital markets activity. The company has announced an agreement to acquire Navitas LLC and a related Series A Preferred Stock investment from affiliates of Nexus Capital Management LP, describing how these transactions are intended to support a scaled platform in functional nutrition. Updates on participation in investor conferences and scheduled earnings webcasts also appear in the company’s news.
Investors and followers of LSF can use this page to review historical press releases on product launches, distribution expansion, financial performance and proposed strategic transactions, and to monitor how the company describes its progress in the superfoods and wellness market.
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.
Laird Superfood (AMEX: LSF) has appointed Grant LaMontagne to its Board of Directors, bringing over 40 years of experience in the consumer packaged goods (CPG) sector. LaMontagne's expertise includes leadership roles at Clorox and Kimberly-Clark, and he has served as a Senior Advisor at McKinsey & Company. His appointment follows the departure of Thomas Wetherald, ensuring a smooth transition. The company's Chairman, Geoffrey Barker, highlights LaMontagne's strategic insights as key to driving growth and profitability as Laird Superfood continues to expand its omnichannel business.
Laird Superfood reported a 45% increase in net sales to $10.9 million for Q3 2021, driven by a strong 108% growth in direct-to-consumer sales. Gross profit rose 82% to $3.2 million with a gross margin of 29.4%. However, the net loss attributable to common stockholders increased to $5.4 million or $0.59 per diluted share. Operating expenses escalated to $8.5 million due to marketing costs and non-cash expenses. Despite challenges, the balance sheet remains strong with nearly $40 million in cash and minimal debt.
Laird Superfood, Inc. (NYSE American: LSF) is set to report its financial results for Q3 2021 on November 10, 2021, after market close. A live webcast will follow at 5:00 p.m. ET to discuss the outcomes. Laird Superfood, co-founded by surfer Laird Hamilton in 2015, specializes in plant-based superfood products designed to enhance daily rituals while maintaining environmental responsibility.
Laird Superfood (NYSE American: LSF) announced the opening of a new 27,000 square-foot fulfillment center in Sisters, Oregon, set to support its growing eCommerce and wholesale operations. Slated to open by October 1, 2021, the facility aims to enhance logistics and optimize order processes ahead of a busy Q4. The company also initiated carbon-neutral shipping programs in collaboration with First Environment and Eden Projects to address increased greenhouse gas emissions from eCommerce orders.
Laird Superfood has appointed Patrick Gaston to its Board of Directors, enhancing its leadership team. Gaston, former Chairman of Bed Bath & Beyond (NASDAQ: BBBY), brings significant public company experience and strategic insight. He will also serve as the Chair of the Compensation Committee, following the departure of Jim Buechler. Gaston expressed enthusiasm for Laird Superfood's growth potential and mission, indicating a promising direction for the company. The Board expressed gratitude for Buechler's contributions during his tenure.
Laird Superfood (NYSE American: LSF) has launched a new Homemade Pancake & Waffle Baking Mix, the third addition to its collection of plant-based baking mixes. Made from organic ingredients like buckwheat and chia seeds, this gluten-free mix offers a delicious, easy-to-make breakfast option. It is priced at $9.99 for an 8 oz. bag. The company aims to simplify homemade baking with fewer, better ingredients, complementing their previously released Brownie Mix and Chocolate Chip Cookie Mix, both priced at $9.95 for 12 oz. bags.