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Stock impact report

Lifeway Foods +5% after earnings [Seeking Alpha]

Lifeway Foods, Inc. (LWAY) 
Last lifeway foods, inc. earnings: 5/18 05:59 pm Check Earnings Report
US:NASDAQ Investor Relations: lifewaykefir.com/investor-relations
Company Research Source: Seeking Alpha
Seeking Alpha Consumer | On the Move Lifeway Foods +5% after earnings Nov. 15, 2019 7:32 AM ET Lifeway Foods, Inc. (LWAY) Clark Schultz Shares of Lifeway Foods (NASDAQ: Sales were down 2.2% during the quarter and gross profit fell 120 bps to 22.8% of sales. The margin drop was primarily due to the unfavorable impact of operating leverage that arises from lower net sales relative to fixed costs, partially offset by a reduction in variable costs. Looking ahead, Lifeway exec are talking up the potential of the Plantiful business. "We are thrilled major retailers nationwide have chosen Plantiful to enhance their healthy consumable product offerings. We believe this increased distribution will lead to long-term sales growth in demographics previously unserved by Lifeway, and we look forward to adding new distribution in the future," states CEO Julie Smolyansky. +5.37% Previously: Lifeway Foods reports Q3 results See all stocks on the move » Now read: Aurora follows Canopy with big Q3 dr Show less Read more
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