Laird Superfood, Inc. Updates Earnings Guidance for the Full Year of 2023
August 09, 2023 at 04:16 pm EDT
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Laird Superfood, Inc. updating earnings guidance for the full year of 2023 to reflect recent results, management?s revised near-term outlook, and the current economic environment. Net sales for 2023 are now expected to be in the range of $34 million to $37 million compared to previous guidance of $37 million to $39 million and Gross margin in the range of 27% to 29% excluding any one-time extraordinary costs as compared to previous guidance of full year Gross margin in excess of 30% .
Laird Superfood, Inc. and its subsidiary, Picky Bars, LLC is a consumer products platform company. The Company is focused on manufacturing and marketing plant-based and functional foods. It creates plant-based superfood products that are both delicious and functional. The Companyâs core Laird Superfood platform includes Creamer coffee creamers, Hydrate hydration products and beverage enhancing supplements, harvest snacks and other food items, and functional roasted and instant coffees, teas, and hot chocolate. Coffee creamers include sales of powdered and liquid coffee creamers. Hydration and beverage enhancing supplements include sales of Hydrate coconut waters, Activate and Renew supplement lines, and mushroom botanical blends. Harvest snacks and other food items include ready to eat food offerings as well as baking and pancake mixes. Coffee, tea, and hot chocolate products include traditional and functional ground and whole bean coffee, and hot chocolate with functional mushroom.
LAIRD SUPERFOOD, INC. 
