Laird Superfood Q2 net sales up 30% YoY, gross margin 41.8%, raises FY2024 guidance

Laird Superfood, Inc.

Net sales $10.0M (+30% YoY); net loss narrowed to $0.2M ($0.02/share) from $3.5M loss a year ago.
Gross margin 41.8% (third consecutive quarter above 40%), up from 24.3% YoY; driven by co-manufacturing shift and lower trade spend.
Increased FY2024 guidance: net sales $40-44M (17-29% growth), gross margin 40-41% (10-11 pt improvement vs 2023).
E-commerce sales +47% YoY (Amazon +80%, DTC +32%); wholesale +9%; total sales channel balanced.
Adjusted net loss $0.3M ($0.03/share) vs $3.3M loss in prior year; cash increased $0.5M.

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