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Stock impact report

Lifeway Foods Inc (LWAY) Q3 2024 Earnings Call Highlights: Record Sales and Strategic Expansion ... [Yahoo! Finance]

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: Yahoo! Finance
Lifeway Foods Inc ( NASDAQ:LWAY ) reported a 12.7% increase in net sales for Q3 2024, marking the 20th consecutive quarter of growth. The company achieved its second-largest quarterly net sales ever, driven by strong demand for its flagship Lifeway Drinkable Kefir. Gross profit margin improved to 25.7% for Q3 2024, with expectations for further margin expansion due to manufacturing efficiencies. Lifeway Foods Inc ( NASDAQ:LWAY ) is expanding its product offerings with new lactose-free and reduced sugar options, appealing to health-conscious consumers. The company is strategically expanding its distribution network, including new markets in South Africa and Dubai, enhancing its global presence. Selling, general, and administrative expenses increased to $7.5 million for Q3 2024, indicating higher operational costs. Capital spending rose by $2.2 million to $5.4 million, reflecting increased investments to meet demand, which could impact cash flow. The macroeconomic environ Show less Read more
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