Overview
Laird Superfood Q3 net sales grew 10% yr/yr, driven by wholesale distribution gains
Company reported a net loss of $1 mln, impacted by Picky Bars brand impairments
Adjusted EBITDA improved to $0.2 mln, reflecting better operational performance
Outlook
Company expects full-year 2025 net sales growth of approximately 15%
Company anticipates full-year gross margin in the upper 30% range
Company reaffirms expectation of breakeven adjusted EBITDA for full year
Result Drivers
WHOLESALE GAINS - Wholesale sales increased by 39% yr/yr, driven by distribution gains, contributing 53% of total net sales
E-COMMERCE DECLINE - E-commerce sales decreased by 11% yr/yr, due to softening of new-customer sales on DTC platform, partially offset by growth on Amazon.com
GROSS MARGIN COMPRESSION - Gross margin decreased to 36.5% from 43.0% in prior year, due to non-recurrence of supplier settlement benefit and increased costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | $12.9 mln | ||
Q3 Adjusted EPS | $0.01 | ||
Q3 EPS | -$0.09 | ||
Q3 Adjusted Net Income | $200,000 | ||
Q3 Net Income | -$1 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Laird Superfood Inc is $12.00, about 65.4% above its November 7 closing price of $4.15
Press Release: ID:nBw1bwXZRa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)