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Laird Superfood (LSF)
NYSE MKT:LSF
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.04Last Year’s EPS
$0.01Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: 8.01%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive performance with significant growth in net sales, especially in e-commerce channels, alongside improved gross margins and financial health. Despite operational challenges related to product availability, the overall outlook remains optimistic with plans for continued growth and strategic investments.Company Guidance
In the third quarter of 2024, Laird Superfood reported a 28% increase in net sales, reaching $11.8 million, with e-commerce sales growing by 42% and Amazon sales surging by 133%. The company achieved a gross margin of 43%, marking a 12-point improvement from the previous year, driven by strategic sourcing and a settlement related to a 2023 quality event. Operating expenses decreased by $0.3 million compared to the third quarter of 2023, and the net loss was reduced to $0.2 million, a $2.5 million improvement. Laird Superfood ended the quarter with $8.2 million in cash and delivered a positive cash flow of $374,000. The company increased its full-year guidance, expecting net sales of $43-44 million, representing a 26-29% growth, and a gross margin expansion to approximately 41-42%. Looking ahead to 2025, they anticipate 20-25% top-line growth while maintaining positive cash flow and EBITDA.Strong Net Sales Growth
Net sales grew by 28% to $11.8 million compared to the prior year, marking the third straight quarter of double-digit net sales growth. E-commerce business led the way with a 42% year-over-year increase.
Impressive E-commerce Performance
Amazon sales increased by more than 132%, and the Direct-to-Consumer (DTC) platform grew by 10%. Subscription revenue was up by 19%, and average order size increased by 8%.
Gross Margin Expansion
Gross margin expanded to 43%, a 12-point increase versus the third quarter of 2023, marking the fourth straight quarter with at least a 40% gross margin.
Improved Financial Position
Net loss for the third quarter was reduced by $2.5 million compared to the prior year. Cash balance increased by $776,000, with a positive quarterly cash flow of $374,000 in Q3.
Sustainability Achievements
Introduced 30% or more post-consumer recycled material into all creamer pouches as well as nutrition and protein bars without significant incremental cost.
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LSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $7.37 | $8.97 | +21.71% |
| Aug 07, 2024 | $4.50 | $4.50 | 0.00% |
| May 08, 2024 | $2.64 | $2.77 | +4.92% |
| Mar 12, 2024 | $0.93 | $1.90 | +104.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Laird Superfood (LSF) report earnings?
Laird Superfood (LSF) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Laird Superfood (LSF) earnings time?
Laird Superfood (LSF) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LSF EPS forecast?
LSF EPS forecast for the fiscal quarter 2024 (Q4) is -$0.04.
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