|Over a week ago|
Lifeway Foods reports Q3 EPS 3c vs. 12c last year » 09:1811/1511/15/21
Reports Q3 revenue $29.6M…
Reports Q3 revenue $29.6M vs. $26.04M last year.
|Over a quarter ago|
Lifeway Foods reports Q2 EPS 10c vs. 6c last year » 09:1208/1608/16/21
Reports Q2 revenue $29.2M…
Reports Q2 revenue $29.2M vs. $4.1M last year. "I am proud to report that the second quarter of 2021 marked yet another consecutive quarter of year-over-year growth, highlighted by our strong 16.6% increase in net sales when compared to the second quarter of 2020," commented Julie Smolyansky, Lifeway's President and Chief Executive Officer. "Throughout the quarter, we remained focused on advertising and customer acquisition strategies with elevated digital engagement and marketing programs, including our first Spanish-language campaign. This increased marketing, combined with the improving execution of our previously outlined Lifeway 2.0 strategy, have contributed to our accelerating growth. I am excited for the remainder of 2021, as current consumer trends towards healthy eating alongside the continued efficient execution of our growth strategy should provide a strong platform for Lifeway moving forwards. I would also like to highlight two pivotal events that indicate Lifeway's commitment to growth. On July 1, 2021, we announced the brand's first expansion of kefir distribution into the French market with our first listing in France. We are very excited to capitalize on this expansion, and the French market is a perfect target, as fermented dairy foods like kefir have been prevalent in the country's diet for generations. In addition, on August 3, 2021, we announced the intended acquisition of the assets of GlenOaks Farms. GlenOaks' product offering includes six different flavors of their popular, probiotic drinkable yogurt, a tremendous strategic complement to our kefir products. The acquisition further solidifies our position in California and the West, and we look forward to integrating the GlenOaks brand and expanding its reach."
Lifeway Foods announces intent to acquire assets of GlenOaks Farms » 09:1108/0308/03/21
Lifeway Foods announced…
Lifeway Foods announced the intent to acquire certain assets of privately-held, California-based GlenOaks Farms. GlenOaks' product offering includes six different flavors of their popular drinkable yogurt products that are made with fruit puree and fresh California dairy. "We are very excited to welcome GlenOaks Farms into the Lifeway family, as it will further solidify our strong position in California and the Western U.S.," commented Julie Smolyansky, Lifeway's President and Chief Executive Officer. "Their drinkable yogurt is an incredible strategic complement to our kefir and will help expand our presence in key retail partners in the West, which is a crucial area of growth. This acquisition unlocks an adjacent health-oriented consumer and stays true to our core mission of supporting the gut health, immunity and mental wellbeing of our customers. We look forward to further developing the robust California market and exploring opportunities to expand GlenOaks nationwide."
Lifeway Foods announces expansion into French market » 14:4807/0107/01/21
Lifeway Foods announced…
Lifeway Foods announced the brand's first expansion of kefir distribution into the French market with a listing at Costco France. The initial offering of 250ml mango Lifeway Kefir bottles is now shipping and available on shelves. Lifeway CEO Julie Smolyansky, said, "We are pleased to introduce the U.S. kefir leader, Lifeway, to this sophisticated marketplace. Costco is known as an innovative retailer with loyal shoppers who count on finding the highest quality assortment in each category, so I'm confident that we're positioned to replicate U.S. success with our global expansion goals."
Lifeway Foods announces share repurchase program up to 250,000 shares » 12:1106/2806/28/21
Lifeway Foods announced…
Lifeway Foods announced that Lifeway's Board of Directors has approved a new share repurchase program of up to 250,000 shares. Under such a program, Lifeway Foods may repurchase up to 250,000 shares of the Company's Common Stock through the open market within a period of two years from the effective date of the program. The Company will use its available cash resources generated through operations to fund the stock repurchase program.
Lifeway Foods reports Q4 EPS 2c vs. 7c last year » 09:0903/2503/25/21
Reports Q4 revenue…
Reports Q4 revenue $25.59M vs. $23.17M last year. "I am very pleased to report another exciting and strong year of growth here at Lifeway, particularly in light of this difficult year defined by the COVID-19 pandemic," commented Julie Smolyansky, CEO and President of Lifeway. "Of note, our net sales grew 8.9% to $102.0 million compared to 2019, and our net income increased from $0.5 million in 2019 to $3.2 million in 2020. The food retail environment has been majorly reshaped this year, and our decision to focus on digital engagement has paid dividends in continuing to attract more and more consumers to our multi-serve, immune supporting products. I am very encouraged by the ongoing market trends towards healthy products like Lifeway's, and I believe this momentum will carry on far past just 2021. Our current retail partnerships are seeing gains, illustrated by our strong results, as we continue to enhance category growth, and we plan on both expanding the current and identifying new profitable relationships in the year ahead. Finally, this year we will continue to invest in customer acquisition strategies because we want more and more people to hear the Lifeway story. We are looking forward to an outstanding 2021."