Laird Superfood Inc Stock Price, News & Analysis

Laird Superfood (NYSE American: LSF) announced that Paul Hodge, Jr. will transition to a non-executive role and step down as President and CEO following the appointment of his successor. The Board has initiated a search for a candidate with extensive CPG experience to drive future growth. Hodge expressed pride in the company’s accomplishments over six years, emphasizing its commitment to high-quality, natural ingredients and sustainability. He will remain a board member post-transition. The company is poised for further growth as it seeks to become a multi-billion-dollar business.

Laird Superfood reported a 64% increase in net sales for Q2 2021, totaling $9.2 million, driven by strong online and wholesale performances. Online sales surged 94%, while wholesale grew 77%. Gross profit rose to $2.2 million, with a gross margin of 23.9%. However, the company experienced a net loss of $6.3 million, widening from a loss of $4.0 million year-over-year. The acquisition of Picky Bars contributed positively, though operating expenses doubled, leading to operational losses.

Laird Superfood (NYSE American: LSF) announced the seasonal relaunch of its popular Pumpkin Spice coffee creamer, available in three dairy-free options: Pumpkin Spice Superfood Creamer, Aloha OatMac Creamer, and Liquid Creamer. The products combine real pumpkin powder and spices, offering a guilt-free alternative to traditional sweeteners. Prices range from $4.95 to $9.95. Co-founder Laird Hamilton emphasized that these creamers enhance morning beverages without excessive sweetness, making them appealing to health-conscious consumers.

Laird Superfood (NYSE American: LSF) has launched its new Soothe Coffee, enhancing its functional coffee lineup. This blend includes stomach-friendly botanicals like Marshmallow Root, Cardamon, and Blueberries, aiming to provide a gentler coffee experience. Soothe Coffee follows the introduction of Boost Coffee and Focus Coffee, which feature health benefits such as Vitamin D and functional mushroom extracts, respectively. Priced at $17.95 for a 12 oz. bag, Soothe Coffee aims to meet the needs of coffee lovers seeking a more harmonious beverage.

Laird Superfood (NYSE American: LSF) has launched its first functional powdered milk product, Aloha Oat & Macadamia Nut Milk, available in Original and Unsweetened flavors. This innovative product aims to meet the rising consumer interest in plant-based foods, which represent 35% of the total plant-based market. The milk powder is made without additives commonly found in competitor products and features sustainable, high-quality ingredients like Aquamin and Agaricus Mushroom Powder for added nutritional benefits. Each 8-ounce bag produces four quarts of milk, reducing environmental impact and waste.

Laird Superfood (NYSE American: LSF) has launched its new Aloha Oat & Macadamia Nut Superfood Creamer, expanding its popular line of powdered superfood creamers. This marks the company’s first non-coconut based creamer, catering to the growing demand for plant-based products. With the plant-based creamer market growing 77% over the past two years, Laird Superfood aims to innovate within this space. The Aloha OatMac Creamer is offered in various flavors and sizes, priced between $9.95 and $19.95, with all ingredients being all-natural and plant-based.

Laird Superfood, Inc. (NYSE American: LSF) has launched its new product Renew Rest & Recover, designed to enhance sleep naturally. Following the introduction of Daily Ritual customizable bundles, this sleep aid features a blend of plant-based ingredients. Additionally, Laird Superfood plans to launch the Activate Immune Support formula, aimed at boosting the immune system. Both products are priced at $19.95 and are made from natural ingredients, promoting a healthier lifestyle.

Laird Superfood, Inc. (NYSE American: LSF) announced participation in the BMO Capital Markets 16th Annual Farm to Market Conference on May 19, 2021, at 3:20 p.m. ET. Key executives, including Co-Founder Paul Hodge and Laird Hamilton, will present and engage in Q&A moderated by Ken Zaslow. Investors can access a live webcast on Laird Superfood's Investor Relations website, with a replay available for three months. Established in 2015, Laird Superfood specializes in plant-based products aimed at enhancing daily rituals and fueling consumers with real ingredients.

Laird Superfood reported a 35% year-over-year increase in net sales, reaching $7.4 million for Q1 2021, driven largely by online sales which rose 65%. Despite the revenue growth, gross profit declined to $1.9 million with a gross margin of 25.1%, down from 38.6% in Q1 2020. The net loss attributable to common stockholders was $5.3 million, translating to $0.60 per diluted share. The company aims to focus on expanding market share and optimizing margins, highlighted by their recent acquisition of Picky Bars.