Laird Superfood, Inc. reported its financial results for the third quarter ended September 30, 2024, showcasing continued net sales growth. The company's net sales increased by 28% year-over-year, demonstrating robust demand for its products. This performance was highlighted by significant growth in its e-commerce channel.
The e-commerce segment saw a 42% increase in net sales for the quarter, with Amazon sales surging by 133%, marking its strongest quarter in LSF history for that platform. Wholesale net sales also contributed to the overall growth, further diversifying the company's revenue streams.
Looking ahead, Laird Superfood reaffirmed its full-year 2024 guidance, projecting net sales between $43 million and $44 million, representing a 26% to 29% year-over-year increase. The company also anticipates gross margins of 41% to 42% for 2024 and positive adjusted EBITDA for 2025, with net sales growth projected at 20% to 25% and gross margins in the high 30s.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.