Lifeway Foods Reports Record 1st Quarter 2010 Revenues

MORTON GROVE, Ill., April 7 /PRNewswire-FirstCall/ -- (Nasdaq: LWAY), Lifeway Foods makers of a nutritious, probiotic dairy beverage called kefir, announced today for the first quarter ended March 31, 2010, total consolidated sales increased 16% to approximately $15,995,000 from $13,736,000 during the same period a year ago.  

Edward Smolyansky, CFO commented, "We are extremely pleased with our first quarter 2010 revenue results.  We continue to grow our SKU's offerings at our existing customers while at the same time adding new grocery and retail accounts and opening up new revenue channels such as convenience stores.  As is our historical norm, the first two weeks of the year we shipped approximately half of what we averaged for the remaining 11 weeks of the quarter, and for those remaining 11 weeks, we averaged $1.350 million in revenue.  This increase in weekly shipments is extremely encouraging as we look to continue our growth in 2010."

About Lifeway Foods

Lifeway, recently named Fortune Small Business' 97th Fastest Growing Small Business, and one of only 4 companies to ever be named to the list four straight years in a row, is America's leading supplier of the cultured dairy product known as kefir, and now America's only supplier of Organic Kefir. Lifeway Kefir is a dairy beverage that contains Lifeway's exclusive 10 Live and Active probiotic cultures. While most regular yogurt only contains two or three of these "friendly" cultures, Lifeway kefir products offer more nutritional benefits. Lifeway offers 12 different flavors of its Kefir beverage, Organic Kefir and SoyTreat (a soy based kefir). Lifeway recently introduced a series of innovative new products such as pomegranate kefir, Greek-style kefir, a children's line of organic kefir products called ProBugs (TM) in a no-spill pouch in kid-friendly flavors like Orange Creamy Crawler and Sublime Slime Lime, and a line of organic whole milk kefir. Lifeway also produces a line of products marketed in US Hispanic communities, called La Fruta, Drinkable Yogurt (yogurt drinks distinct from kefir). In addition to its line of Kefir products, the company produces a variety of cheese products and recently introduced a line of organic pudding called It's Pudding!

This news release contains forward-looking statements. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, competitive pressures and other important factors detailed in the Company's reports filed with the Securities and Exchange Commission.

Investor Relations of Lifeway Foods, +1-847-967-1010

SOURCE Lifeway Foods

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED