Net sales were $46.1 million for the third quarter ended September 30, 2024, an increase of $5.2 million or 12.7% from the same period in 2023. The net sales increase was primarily driven by higher volumes of our branded drinkable kefir.

The offering of 32-oz. Lifeway Kefir, 8-oz. Lactose-Free Lifeway Kefir, ProBugs and farmer cheese, exported from the United States, is expected to begin shipping in the fourth quarter of 2024 and will become available in supermarkets and hypermarkets in Dubai and across the Emirates.

Net sales of $44.6 million for the first quarter ended March 31, 2024, an increase of $6.7 million or 17.8% from the same period in 2023. The net sales increase was primarily driven by higher volumes of its branded drinkable kefir.

Lifeway Foods Inc. reported today reported net sales were $160.1 million for the year ended December 31, 2023, an increase of $18.6 million or 13.1% versus the prior year.

The company reported net income of $3.4 million or $0.23 per basic and diluted common share for the third quarter ended September 30, 2023, compared to net income of $1 million or $0.06 per basic and diluted common share during the same period in 2022.

For the period ended June 30, it was an increase of $5.7 million or 17.1% from the same period of 2022.

increase was primarily driven by higher volumes of its branded drinkable kefir and the impact of price increases implemented during the year, company stated.

While yogurt sales increased a bit; those of other cultured dairy products, like yogurt drinks, kefir and cottage cheese, are seeing greater sales growth.