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. reports news about its functional coffee, creamers, and superfood products made with simple, minimally processed ingredients. Company updates commonly cover product launches and reformulations, including organic prebiotic greens, protein coffee, plant-based creamers, instant lattes, hydration products, beverage enhancers, teas, hot chocolate, and snacks.
LSF news also includes financial results, channel activity across wholesale and retail outlets, acquisitions in the superfoods category, and capital-structure developments tied to preferred equity financing. Corporate updates may address governance matters, shareholder votes, and investor presentations alongside operating performance.
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.
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.