Laird Superfood Inc (AMEX:LSF)

Q2 2026 Laird Superfood Inc Earnings Call Transcript

Aug 13, 2026 / 09:00 PM GMT

Release Date Price: $4.38 (+3.06%)

Transcript 10-Q8-K

Key Points

Positve

Laird Superfood Inc (LSF) completed the full integration of Navitas into its processes, organization, and ERP system, enabling unified operations and shared accountability.
Adjusted EBITDA significantly improved to $3.0 million in Q2 2026, up from $0.1 million in the prior year period, reflecting early synergy realization.
The company successfully launched five coffee and creamer SKUs into over 1,000 Walmart stores nationwide, with minimal Q2 impact and full benefits expected in Q3 and Q4.
Net sales surged 244% year-over-year to $41.3 million, driven by the Navitas and Terrasol acquisitions and organic wholesale distribution expansion.
Laird Superfood Inc (LSF) ended the quarter with a solid balance sheet, holding $23.2 million in cash and no outstanding debt, providing a strong foundation for future growth.
The company reaffirmed its full-year 2026 guidance of $138-$148 million in net sales and $8-$12 million in adjusted EBITDA, reflecting confidence in the combined platform.

Negative

Gross margin contracted by 9.6 percentage points to 30.3% in Q2 2026, primarily due to the lower-margin acquired businesses and inflationary commodity costs.
Net loss widened to $1.8 million in Q2 2026, driven by $3.5 million in one-time business combination and integration costs.
The Terrasol acquisition has not yet been fully integrated, with significant work remaining on systems and processes, which could pose execution risks.
The company experienced softness in its direct-to-consumer channel, partially offsetting growth in other e-commerce segments.
Laird Superfood Inc (LSF) faces ongoing margin pressure from unfavorable channel and product mix, as well as the need to exit legacy commodity positions purchased last year.
The CFO, Anya Hamel, is departing at the end of August, which could create transitional challenges in financial leadership.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

LSF.A - Laird Superfood Inc
Q2 2026 Laird Superfood Inc Earnings Call
Aug 13, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to the Layered Superfood Inc. Quarterly conference earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press *1 to raise your hand.

To withdraw your question, press *1 again.

I will now hand the conference call over for opening remarks. Please go ahead.

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Unidentified_2 [2]
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Thank you and good afternoon.

Welcome to Laird Superfood's Second Quarter 2026 Earnings Conference Call and Webcast.

On today's call are Jason Beef,

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