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 (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.
Laird Superfood, Inc. (NYSE American: LSF) has launched the Ohana Cares program, focused on providing plant-based food to support communities facing food insecurity, frontline workers, and athletes. This initiative reinforces the company's mission to make superfood products accessible and highlights three inaugural projects: 1) a Carbon Neutral Last-Mile shipping program, 2) a partnership with Feeding America to donate meals, and 3) a commitment to donate over $150,000 in product to frontline responders. The brand aims to address environmental impact and support those in need through its new program.