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Laird Superfood reports Q4 adjusted EPS (47c), consensus (71c)
The Fly

Laird Superfood reports Q4 adjusted EPS (47c), consensus (71c)

Reports Q4 revenue $9M, consensus $9.28M. Jason Vieth, Chief Executive Officer, commented, "Fiscal year 2022 was a year of transition, beginning with the onboarding of a new leadership team and culminating in the successful transition of our in-house manufacturing and fulfillment center to 3rd party co-manufacturing and logistics partners at the end of the year. We expect this move to expedite our margin improvement agenda by moving our business to a variable cost model and dramatically reducing our overhead costs. Additionally, we recently unveiled a complete brand refresh across all products in our portfolio, which is already having a positive effect on retail performance. We believe that these momentous steps will position the business for growth and continued improvement in our gross margin throughout 2023."

Published first on TheFly

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