|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Lifeway Foods announces record-breaking results for First Quarter ended March 31, 2026
|
|
Saturday, 16 May, 2026, 12 : 00 PM [IST]
|
|
Illinois, USA
|
Lifeway Foods Inc., announced financial results for the first quarter ended March 31, 2026. Net Sales: $63.0 million, up 36.7% year-over-year; Gross Profit Margin: 27.5%, up 360 basis points from 23.9% last year; Selling, general and administrative expenses were $10.9 million, up 16.8% from last year, reflecting continued investment in marketing and brand awareness; Net Income: $4.7 million, or $0.31 per basic and $0.30 per diluted common share, compared to a net income of $3.5 million, or $0.23 per basic and diluted common share in the prior year.
Julie Smolyansky, president and chief executive officer of Lifeway Foods, said, "We kicked off 2026 with a blowout quarter that demonstrates the extraordinary momentum we've built across our business. We far exceeded our previous record with net sales of $63.0 million, up 37% year-over-year, surpassing sixty million in quarterly net sales for the first time and marking our 26th consecutive quarter of year-over-year growth. This exceptional top-line performance was accompanied by sizeable gross margin expansion of 360 basis points year-over-year, and equally strong net income growth of 32% that reflects a clean flow-through from our significant sales growth down to the bottom line. We are investing meaningfully behind our core products to support our rapid growth, and we continue to see impressive velocity acceleration. We also leveraged our SG&A by 300 basis points this quarter, demonstrating the increasing return and effectiveness of our investments."
Smolyansky added, "We believe Lifeway is uniquely positioned at the intersection of numerous consumer tailwinds with our on-trend, functional product offerings. The consumer focus on health and wellness continues to increase, gut-health awareness is spreading and demand from GLP-1 users seeking nutrient-dense, probiotic foods is particularly strong. We address each of these trends with our flagship Lifeway Kefir and high-protein Lifeway Farmer Cheese, while continuing to build a pipeline of innovative products, including Muscle Mates with creatine and probiotic Kefir Butter. Together, these offerings bring new excitement to the category and expand our reach across the cultured dairy landscape. We are very excited about our trajectory and confident in our ability to execute throughout 2026 as we further capitalise on the growing consumer demand in our space."
|
|
|
|
|
|
|
|
|
|