Welcome to our dedicated page for Lifeway Food news (Ticker: LWAY), a resource for investors and traders seeking the latest updates and insights on Lifeway Food stock.
Lifeway Foods Inc. reports developments tied to its kefir-centered fermented dairy business. The company manufactures and markets drinkable kefir, Organic Lifeway Kefir, farmer cheese, other cheeses, ProBugs products for children, frozen kefir and private-label dairy items through retail, broker and distributor channels.
Recurring news themes include financial results and sales outlooks, growth in kefir and farmer cheese demand, product collaborations with foodservice and wellness partners, and brand campaigns that position kefir as a protein-forward probiotic beverage. Company updates also cover distribution, product innovation and consumer-marketing activity across its fermented probiotic portfolio.
Lifeway Foods, a leader in probiotic products, reported a strong second quarter for 2020 with net sales of $25.0 million, reflecting an 8% increase from the same period in 2019. Gross profit percentage rose to 27.7%, up from 24.0% a year prior, attributed to favorable milk pricing despite rising salaries due to COVID-19. The company reported earnings of $0.06 per diluted share, improving from a loss of $0.01 a year ago. Lifeway anticipates continued growth driven by increased demand for health-focused products amid the pandemic.
Lifeway Foods, Inc. (Nasdaq: LWAY) appointed Dorri McWhorter, CEO of YWCA Metropolitan Chicago, to its board of directors. McWhorter has over 20 years of experience in management consulting and accounting, notably leading digital service expansions at YWCA. She co-developed the ETF for women’s empowerment, highlighting her commitment to social causes. CEO Julie Smolyansky expressed confidence in McWhorter’s leadership to enhance the company's mission of responsible growth. Lifeway Foods, recognized for its probiotic products, aims to leverage McWhorter's insights to further its strategic objectives.
Lifeway Foods, Inc. (LWAY) reported a 3.1% increase in net sales, reaching $25.4 million for Q1 2020, compared to $24.6 million in Q1 2019. The gross profit margin fell to 23.6% from 25.6% in the prior year, due to increased promotional investments. Selling expenses decreased by 18% to $2.6 million, largely due to postponed marketing events amid COVID-19. The company posted earnings of $0.01 per diluted share, a recovery from a net loss of $(0.02) per diluted share in the same period last year. Lifeway aims to leverage the growing demand for kefir and wellness products.