Lifeway Foods' Q3 Earnings Lag Estimates, Sales Rise 13% Y/Y

Lifeway Foods, Inc. (LWAY) posted third-quarter 2024 results, with the top line increasing year over year but falling short of the Zacks Consensus Estimate. Meanwhile, the bottom line declined year over year and missed the consensus mark as well. Lifeway Foods marked its 20th consecutive quarter of net sales growth. The quarter marked the second-highest quarterly net sales in the company's history, driven by the strong performance of its flagship product, Lifeway Kefir. Looking ahead, Lifeway intends to str ...