Laird Superfood, Inc. - LSF STOCK NEWS

Laird Superfood has launched its first compostable coffee pod, Bright Cups, in celebration of Earth Month. Designed to reduce landfill waste, these pods are made from 85% coffee chaff and feature a blend of high-quality coffee, Lion’s Mane mushrooms, and adaptogens. Bright Cups are BPI-certified compostable and compatible with most single-serve machines, aligning with the brand’s commitment to sustainability. Priced at $17.95 for a 12-pack, they aim to provide an eco-friendly alternative in the growing single-serve coffee market.

Laird Superfood has appointed Andrew Judd as the new Chief Commercial Officer. Mr. Judd will be responsible for driving the company’s commercial strategy, overseeing marketing, sales, product development, and customer experience. With significant experience in brand marketing from various high-growth enterprises, he aims to expand Laird Superfood’s market share. CEO Jason Vieth emphasized the importance of Judd’s leadership in optimizing commercial opportunities. Laird Superfood specializes in plant-based superfood products designed to enhance daily routines.

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.