Laird Superfood reports Q2 adjusted EPS (3c), consensus (11c)

Reports Q2 revenue $10M, consensus $9.31M. Jason Vieth, Chief Executive Officer, commented, “I am pleased to report that our second quarter results once again demonstrate tremendous progress in the two most important financial measures for our business – namely, strong sales growth and sustained margin improvement. After reporting 22% Net Sales growth in Q1 of this year, our Net Sales growth accelerated to 30% in Q2, with both sales channels growing and led by 80% growth on Amazon and 32% growth on DTC. At the same time, Net Sales in our Wholesale business grew by 9%, and our retail scanner sales by an even more impressive 30%, demonstrating a healthy business across all sales channels. In addition, our Gross Margin was 41.8% during Q2 marking the third consecutive quarter that it has been in excess of 40%, which gives us confidence in our ability to sustain Gross Margin above 40% going forward.”