Laird Superfood, Inc. (LSF) Misses Q2 EPS by 14c

Laird Superfood, Inc. (NYSE: LSF) reported Q2 EPS of ($0.70), $0.14 worse than the analyst estimate of ($0.56). Revenue for the quarter came in at $9.2 million versus the consensus estimate of $10.04 million.

“Broad-based growth was a key theme from our second quarter results as we delivered solid gains across all major channels and categories,” said Paul Hodge Jr., Co-founder, President and Chief Executive Officer of Laird Superfood. “Our direct-to-consumer sales were up 94% reflecting our strong metrics around attracting, converting and retaining customers. Wholesale increased 77% as we continued to make solid progress expanding our presence in the grocery channel. We introduced several new innovative products during the quarter and are very pleased with the early results from the acquisition of Picky,” concluded Hodge. “Our powerful omnichannel platform remains a key point of differentiation enabling multiple growth drivers for new and existing products. During the second quarter, approximately one-third of our revenue growth was attributable to products introduced over the past year. As we continue gaining share in our legacy categories and expanding our total addressable market via new offerings, Laird Superfood’s long-term vision of delivering better for you, plant-based alternatives for every moment of consumers’ daily ritual comes closer to reality.”

For earnings history and earnings-related data on Laird Superfood, Inc. (LSF) click here.

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