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Lifeway Foods (LWAY) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-14 16:15
Lifeway Foods (LWAY) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -29.63%. A quarter ago, it was expected that this dairy and cheese company would post earnings of $0.17 per share when it actually produced earnings of $0.25, delivering a surprise of 47.06%.Over the last four quarte ...
Lifeway Foods(LWAY) - 2024 Q3 - Quarterly Report
2024-11-14 14:00
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, No Par Value LWAY NASDAQ Global Market Preferred Stock Purchase Rights n/a NASDAQ Global Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...
Lifeway Foods® Announces Strong Results for the Third Quarter and Nine Months Ended September 30, 2024
Prnewswire· 2024-11-14 14:00
Year-to-date net sales of $139.9 million; up 18.5% year-over-yearHeightened interest in probiotic foods with bioavailable nutrients drives volume growth of Lifeway Kefir and Farmer Cheese20th consecutive quarter of year-over-year growthYear-to-date gross profit margin increased to 26.2%MORTON GROVE, Ill., Nov. 14, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today reported ...
Lifeway Foods® to Report Third Quarter 2024 Results on November 14, 2024
Prnewswire· 2024-11-08 21:49
MORTON GROVE, Ill., Nov. 8, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today announced it will report financial results for the third quarter ended September 30, 2024 on November 14, 2024 before market hours.A pre-recorded conference call and webcast with Julie Smolyanksy, Lifeway's President and Chief Executive Officer, discussing these results with additional comments and ...
Edward and Ludmila Smolyansky Support Danone Bid to Acquire Lifeway Foods (NASDAQ: LWAY)
Prnewswire· 2024-11-07 21:46
CHICAGO, Nov. 7, 2024 /PRNewswire/ -- On September 23, 2024, Danone SA (OTCQX: DANOY) proposed to acquire Lifeway Foods (NASDAQ: LWAY) in a transaction valued at approximately $283 million, offering $25 per share in cash. However, on November 6, the Lifeway Foods Board of Directors rejected the offer, instead adopting a "poison pill" limited shareholder rights plan.Edward and Ludmila Smolyansky, significant shareholders and members of Lifeway Foods' founding family, released the following statement in respo ...
Lifeway Foods® Announces Expanded Kefir and Farmer Cheese Distribution Deal in Dubai and U.A.E.
Prnewswire· 2024-11-07 15:41
Lifeway CEO Julie Smolyansky announces substantial new distribution during Gulfood Manufacturing exhibitionDUBAI, UAE, Nov. 7, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or "the Company"), a leading U.S. manufacturer of kefir and fermented probiotic products, announced today an expanded distribution agreement in the United Arab Emirates market. The offering of 32oz Lifeway Kefir, 8oz Lactose-Free Lifeway Kefir, ProBugs and farmer cheese, exported from the United States, is expected t ...
LIFEWAY FOODS REJECTS PROPOSAL FROM DANONE AND ADOPTS LIMITED DURATION SHAREHOLDER RIGHTS PLAN
Prnewswire· 2024-11-05 14:00
MORTON GROVE, Ill., Nov. 5, 2024 /PRNewswire/ -- Lifeway Foods, Inc. (NASDAQ: LWAY) ("Lifeway" or the "Company"), a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today announced that its Board of Directors (the "Board") has rejected the unsolicited proposal made on September 23, 2024 by Danone North America PBC ("Danone") to acquire all the shares of Lifeway that it does not already own for $25.00 per share.After careful and thorough consideration, conducted in c ...
Lifeway Foods® Introduces 10 New, Hot and On-Trend Organic Kefir Flavor Fusions to its Single Serve Lineup
Prnewswire· 2024-10-08 17:33
Product Innovation - Lifeway Foods has launched 10 new innovative flavors for its 8-ounce organic kefir line, targeting evolving consumer tastes and preferences [1] - The new Flavor Fusions line is lactose-free and contains high-quality bioavailable nutrients, including protein, calcium, and 12 live and active probiotic cultures [1] - The flavors include unique combinations such as Pink Dragon Fruit, Passionfruit Lychee, Hot Honey, and Matcha Latte, inspired by global flavor insights and market research [2] Consumer Trends - Research indicates a growing interest in unique, exotic, and unexpected flavor fusions, with 75% of consumers expressing interest in tropical and citrus flavors [2] - 53% of Gen Z shoppers enjoy hot honey flavors, while Asian-inspired flavors like ube are trending, with ube being named the top flavor trend for 2024 by DairyReporter [2] - Floral flavors are also popular, with 33% of consumers seeking botanical flavors, and pistachio has been identified as one of the hottest food trends [2] Market Positioning - Lifeway Foods is positioning itself as a leader in the kefir category, known for gut health benefits and high-quality probiotics [2] - The new flavors are designed to appeal to a wide range of consumers, including those looking for convenient, on-the-go options, and are targeted at convenience stores, college campuses, and mass-market grocery channels [2] - The company aims to stay ahead of trends in hospitality and social media, leveraging the popularity of unique flavors on platforms like TikTok and Instagram [2] Distribution and Availability - The new Flavor Fusion line is now shipping and available nationwide at select independent and specialty stores [3] - The flavors were previewed at the FNCE® event in Minneapolis, MN, from October 5-8, 2024 [3] Company Background - Lifeway Foods is recognized as one of Forbes' Best Small Companies and is a leading supplier of probiotic, fermented beverages in the US [4] - The company's product portfolio includes drinkable kefir, cheeses, and a ProBugs line for kids, with products sold in the US, Mexico, Ireland, South Africa, and France [4]
Small Cap Momentum: 3 Top Ranked Stocks Crushing the Market
ZACKS· 2024-10-02 18:56
Regular readers of my writeups know that I am a huge fan of trading momentum stocks, as momentum is one of the market's premier anomalies. But when investors combine momentum with the Zacks Rank, they really get something special. By using the Zacks Stock Screening tool, I have filtered for the stocks with the strongest three-month momentum. I also focused the results on stocks with five-year sales growth greater than 15% annually and stocks with either a Zacks Rank #1 (Strong Buy) or Zacks Rank #2 (Buy) ra ...
Are You Looking for a Top Momentum Pick? Why Lifeway Foods (LWAY) is a Great Choice
ZACKS· 2024-10-02 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...