Record-Breaking Net Sales
LifeWay Foods delivered record net sales of $57.1 million, a 24% increase year over year, and a 29% increase on a comparable basis. This marks the 24th consecutive quarter of year-over-year net sales growth.
Strong Growth in Profitability
Gross profit margin in Q3 improved to 28.7%, up 300 basis points from last year. Net income increased to $3.5 million or 23¢ per share, compared to $3.0 million or 20¢ per share last year.
Nationwide Recognition
LifeWay Foods was named to the Time America's Growth Leader 2026 list, securing the 33rd position out of 101 companies, and ranked as the number two food and beverage company.
Expansion of Manufacturing Capacity
LifeWay Foods is on track to double its manufacturing capacity by 2026, with significant investments in the Waukesha facility. The total estimated investment is approximately $45 million.
Introduction of New Products
LifeWay Foods announced MuscleMase, a ready-to-drink functional beverage, and expanded their product line with probiotic smoothies containing collagen, tapping into growing market trends.