Lifeway Food Stock Price, News & Analysis

Julie Smolyansky, CEO of Lifeway Foods (NASDAQ: LWAY), recently featured on ICR's podcast 'Welcome to the Arena.' In this episode, she discussed the company's history, her transition to CEO, and future product developments. Lifeway Foods specializes in kefir and other fermented probiotic products, aiming to support the microbiome. The podcast, which has aired since August 2021, showcases influential figures in various industries, discussing strategies that create value for companies. Lifeway Foods has garnered recognition, including being listed among Forbes' Best Small Companies.

Lifeway Foods, Inc. (Nasdaq: LWAY) reported record net sales of $141.5 million for 2022, marking an 18.9% year-over-year increase and a 51.1% rise compared to 2019. This achievement represents the 13th consecutive quarter of growth in net sales. The growth was primarily driven by increased sales of their branded drinkable kefir and price adjustments. Despite rising costs, gross profit was 18.9% of net sales, with selling expenses lower at 16.9%. However, net income decreased to $0.9 million from $3.3 million in 2021. The company plans to pursue further distribution and marketing efforts in 2023.

Lifeway Foods, Inc. (NASDAQ: LWAY), a prominent U.S. supplier of kefir and probiotic products, will announce its financial results for the fourth quarter and full year ending December 31, 2022. The report is scheduled for March 27, 2023, after market hours. Following the results, a conference call led by CEO Julie Smolyanksy will be available on the company's Investor Relations webpage. Lifeway, recognized as one of Forbes' Best Small Companies, offers a diverse range of products, including drinkable kefir, cheese, and probiotic oat milk, available across the U.S., Mexico, Ireland, and France.

Lifeway Foods, Inc. (Nasdaq: LWAY) announced that CEO Julie Smolyansky will speak at the SXSW Conference in Austin, Texas, on March 12, 2023, at 2:30 PM CT. The session, titled "It Takes Guts: From Ukrainian Refugee to Kefir CEO", features Smolyansky and journalist Jessica Yellin, discussing leadership, community support, and the health benefits of kefir. Smolyansky took over as CEO at age 27 after her father's passing in 2002, guiding Lifeway's growth and innovation in the probiotic beverage market. The discussion will be held at the Austin Marriott Downtown and is open to all SXSW attendees.

Lifeway Foods, Inc. (NASDAQ: LWAY) announced the launch of exciting new kefir flavors at Natural Products Expo West 2023, held from March 7-11 in Anaheim, CA. The new offerings include Guava Lowfat Kefir, Organic Strawberry Banana Whole Milk Kefir, and Organic Black Cherry Whole Milk Kefir, alongside seasonal flavors like Rainbow Cake and Campfire S'mores. All products are made with non-GMO ingredients and are up to 99% lactose-free. Consumers can sample these innovative flavors before their retail release in April. CEO Julie Smolyansky will also sign her cookbook at the expo, highlighting the brand's commitment to health and nutrition.

Lifeway Foods, Inc. (Nasdaq: LWAY), a prominent supplier of kefir and probiotic products, announced participation in the 25th Annual ICR Conference in Orlando, Florida on January 10, 2023. Julie Smolyansky, President and CEO, will present at 8:00 AM ET, with a live webcast available for replay on the company's investor relations website. Lifeway Foods is recognized for its fermented products sold in the US, Mexico, Ireland, and France, offering a variety of beverages and snacks for health-conscious consumers.