Laird Superfood, Inc. ( (LSF) ) has released its Q1 earnings. Here is a breakdown of the information Laird Superfood, Inc. presented to its investors.
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Laird Superfood, Inc. is a company specializing in plant-based superfood products, operating primarily in the food and beverage industry, with a focus on clean, functional, and environmentally conscientious offerings.
In its first quarter of 2025, Laird Superfood reported an 18% increase in net sales and a gross margin of 41.9%, alongside a positive adjusted EBITDA, marking a continuation of its growth trajectory. The company has successfully navigated past inventory challenges and supply constraints, strengthening its supply chain in the process.
Key financial highlights include net sales of $11.7 million, driven by a 35% increase in wholesale sales and a 6% rise in e-commerce sales. Gross margin improved from the previous year, and the net loss narrowed significantly to $0.2 million. The company’s strategic focus on expanding brick-and-mortar and online presence has been instrumental in its performance.
Looking ahead, Laird Superfood’s management reaffirms its guidance for 2025, expecting net sales growth between 20% to 25% and maintaining gross margins in the upper 30s. The company aims for breakeven adjusted EBITDA and plans to invest $1 to $2 million in inventory to support growth and minimize stock shortages.