Cost of goods sold as a percentage of net sales was 64% during 2012, compared to 67% in 2011.
Lifeway Foods Inc., (Nasdaq: LWAY), said its gross sales increased 16% for the year. Sales totaled approximately $89.8 million compared to $77.1 million in 2011. The Morton Grove, Ill.-based company makes the cultured dairy product known as kefir. Its brands include Kefir, ProBugs Organic Kefir for kids and BioKefir.
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Lifeway Foods Inc., (Nasdaq: LWAY), said its gross sales increased 16% for the year. Sales totaled approximately $89.8 million compared to $77.1 million in 2011. The Morton Grove, Ill.-based company makes the cultured dairy product known as kefir. Its brands include Kefir, ProBugs Organic Kefir for kids and BioKefir.