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 notable player in the plant-based food industry, renowned for its innovative and functional products. Headquartered in Sisters, Oregon, and founded in 2015 by big-wave surf legend Laird Hamilton and former professional beach volleyball player Gabby Reece, the company aims to revolutionize healthy eating habits with its unique offerings.
Laird Superfood manufactures and markets a diverse range of plant-based and functional foods, including powdered and liquid coffee creamers, hydration and beverage-enhancing supplements, and performance mushroom supplements. Additionally, the product portfolio covers coffee, tea, hot chocolate products, and superfood blends, which are available through retail channels, the company's website, and third-party online platforms.
In its most recent development, Laird Superfood launched the Antioxidant Daily Reds, a powdered supplement designed to provide two servings of the daily recommended fruit and vegetable intake in each glass. This new product is packed with antioxidants from red and orange fruits and vegetables such as tart cherry, turmeric, strawberries, beets, and green tea extract. It supports muscle recovery and cardiovascular health while offering a convenient and tasty way to meet nutritional goals.
The company also recently introduced the Prebiotic Daily Greens, another powdered supplement aimed at nourishing the gut microbiome with superfood fruits and vegetables. Both products reflect Laird Superfood's commitment to delivering nutritious, functional, and delicious food options that fit seamlessly into daily routines.
Under the leadership of CEO Jason Vieth, Laird Superfood maintains a strong focus on innovation and consumer satisfaction. This approach has positioned the company as a leader in the functional food category, continuously expanding its product offerings to meet the evolving needs of health-conscious consumers.
Laird Superfood's mission is based on the belief that nourishing, plant-based foods can significantly enhance performance and well-being. By integrating adaptogens and other high-quality ingredients into their products, the company aims to help individuals fuel their bodies from sunrise to sunset.
For the latest updates and more information about Laird Superfood's products, visit Laird Superfood's website or follow them on social media platforms like Instagram and TikTok.
Laird Superfood (NYSE American: LSF) reported a 28% increase in net sales for Q3 2024, reaching $11.8 million. Gross margin improved to 43.0%, up from 31.0% in the previous year. E-commerce sales grew by 42% year-over-year, contributing 58% of total net sales, while wholesale sales increased by 13%, contributing 42% of total net sales. The company reported a net loss of $0.2 million, or $0.02 per diluted share, significantly improved from a net loss of $2.7 million, or $0.28 per diluted share, in the prior year. Year-to-date net sales grew by 27% to $31.7 million, with a gross margin of 41.7%. The company raised its full-year 2024 guidance, expecting net sales of $43-$44 million and a gross margin of 41%-42%. For 2025, Laird Superfood aims for 20%-25% net sales growth and positive EBITDA and cash flow.
Laird Superfood (NYSE American: LSF) announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will hold a webcast at 5:00 p.m. ET the same day to discuss the results. Investors can access the live webcast through the company's Investor Relations website at investors.lairdsuperfood.com under the Events section.
Laird Superfood (NYSE American: LSF) reported strong Q2 2024 financial results, with Net Sales growing 30% to $10.0 million and Gross Margin reaching 41.8%. E-commerce sales increased by 47%, led by 80% growth on Amazon and 32% growth in Direct-to-Consumer. Wholesale sales grew by 9%. The company raised its 2024 outlook, projecting Net Sales of $40 to $44 million (17% - 29% growth) and Gross Margin of 40% - 41%. Net Loss improved to $0.2 million, or $0.02 per diluted share. Cash increased by $0.5 million in Q2, with $7.8 million in cash and no outstanding debt as of June 30, 2024.
Laird Superfood (NYSE American: LSF) has announced that it will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will host a webcast at 5:00 p.m. ET on the same day to discuss the results. Investors and interested parties can access the live webcast through the Laird Superfood Investor Relations website at https://investors.lairdsuperfood.com/ under the 'Events' section. This announcement provides an opportunity for stakeholders to gain insights into the company's financial performance and future outlook.
Laird Superfood, Inc. introduces a plant-based Protein Creamer for coffee, containing 12 grams of protein per serving, made from pea, hemp, and pumpkin seed protein. The creamer also includes MCTs from coconut and a Performance Mushroom Blend. Ideal for the 30-30-30 rule, it is a source of various essential nutrients and aims to provide energy and nutrition throughout the day. Available in Sweet & Creamy flavor, the product is priced at $20 on the Laird Superfood website.
Laird Superfood, Inc. (NYSE American: LSF) reported a 22% increase in Net Sales and achieved a 40% Gross Margin for the first quarter of 2024. The company's strategic initiatives led to impressive growth, with Wholesale sales up by 10% and E-commerce sales up by 33% year-over-year. Laird Superfood's balance sheet remains strong with no debt and $7.3 million in cash as of March 31, 2024. The company raised its 2024 outlook for Net Sales to $38-42 million and projected Gross Margin to reach 37-41%, showcasing confidence in its long-term financial future.
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