Laird Superfood Q2 net sales up 20% to $12.0M; gross margin dips to 39.9%; reaffirms FY 2025 guidance

Laird Superfood, Inc.

Net sales $12.0M (+20% YoY); wholesale +47% (48% of total), e-commerce +2% (52% of total).
Gross margin 39.9% vs 41.8% YoY due to promotional trade spend, commodity inflation, channel mix.
Net loss $0.4M ($0.03 diluted EPS) vs $0.2M loss prior year; higher marketing and selling costs.
Adjusted EBITDA $0.1M ($0.01 per share) vs -$0.1M prior year; positive for quarter.
Reaffirms full-year 2025 guidance; cites agility in managing tariff pressures on supply chain.

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