Lifeway Foods reports Q3 EPS 23c vs. 19c last year

Reports Q3 revenue $57.14M vs. $46.09M last year. “We delivered another exceptional quarter that further solidifies Lifeway’s dominant position in the kefir category and emphasizes the growing consumer demand for our flagship Lifeway Kefir and high-protein Lifeway Farmer Cheese,” said Julie Smolyansky, President and CEO of Lifeway Foods (LWAY). “With record net sales of $57.1M, well ahead of the previous high set in Q2, we have once again raised the bar for our business while demonstrating the remarkable consistency of our growth trajectory. We will continue to capitalize on the powerful health and wellness consumer trends, including the surge in GLP-1 medication use and gut health awareness. We are investing heavily in our marketing efforts and our manufacturing capabilities to support our accelerating velocities and future growth.”