By Emon Reiser

Shares of Laird Superfood sank after the plant-based food products company cut its full-year sales outlook and reported increased pressure on its profits.

The stock fell 28% to $3.00 in midday Tuesday trading. Shares are down nearly 62% year to date.

Laird on Monday decreased its guidance for sales growth for the full 2025 fiscal year to 15%, from a previous outlook of growth between 20% to 25%.

For the quarter ended Sept. 30, the company reported a loss of $975,000, or 9 cents a share, compared with a loss of $166,120, or 2 cents a share, in the year-ago quarter. The company's losses widened as its margins contracted to 36.5% from 43% last year.

"This is a timing issue related to reorders and new orders of pretty substantial orders," Chief Executive Jason Vieth said on a call with analysts. "What we're seeing is we have a really healthy sell-through, and we just had a timing issue that kind of caught us a little bit off."

Replenishment schedules came slower than expected as some retail distributors are rebalanced their inventories, Vieth continued.

Third-quarter sales increased to $12.9 million from $11.8 million year over year, mostly driven by a significant increase in wholesale sales and expanded distribution. Analysts polled by FactSet had expected $14.1 million.

Write to Emon Reiser at emon.reiser@wsj.com

(END) Dow Jones Newswires

November 11, 2025 11:51 ET (16:51 GMT)

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