Why Lifeway's CEO believes dairy is driving gut health boom [Yahoo! Finance]
Lifeway Foods, Inc. (LWAY)
Last lifeway foods, inc. earnings: 5/18 05:59 pm
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US:NASDAQ Investor Relations:
lifewaykefir.com/investor-relations
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Source: Yahoo! Finance
As consumer demand for probiotics intensifies, a small fermented milk beverage company is among the biggest beneficiaries. Lifeway Foods — which makes kefir, a dairy beverage that is similar to yogurt — reported record annual sales of $160 million in 2023 , an increase of 13% from the prior year. Lifeway was founded in 1986 by Michael Smolyansky, a Jewish immigrant from Ukraine, in his Illinois home. His daughter Julie took over in 2002 after he died, becoming the youngest female CEO of a publicly held company at the age of 27. Throughout her tenure, Lifeway has grappled with significant changes in the food landscape. In 2020, an opening emerged for the company to gain wider prominence, with people eager to try new health-oriented foods and beverages. “We brought a lot of consumers into the Lifeway family since the pandemic began,” she said. “We learned about what's important to them and how they use kefir in their cooking and smoothies.” Even as sales at Lifeway have surged,
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News
- Lifeway Foods ends lawsuit against Pure Culture Organics, rival says [Yahoo! Finance]Yahoo! Finance
- Pure Culture Organics™? Announces Litigation and General Business Update, New Product Development [Yahoo! Finance]Yahoo! Finance
- Pure Culture Organics™? Announces Litigation and General Business Update, New Product DevelopmentPR Newswire
- Lifeway Foods, Inc. (NASDAQ: LWAY) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Despite recent sales, Lifeway Foods, Inc. (NASDAQ:LWAY) insiders own 33% shares but recent downturn may have set them back [Yahoo! Finance]Yahoo! Finance
LWAY
Sec Filings
- 6/27/24 - Form 144
- 6/18/24 - Form 8-K
- 6/18/24 - Form 4
- LWAY's page on the SEC website