Lifeway Foods Reports 17% Sales Growth, Achieves 21st Consecutive Quarter of Expansion

Lifeway Foods Inc. reported a net sales increase of 16.7% for 2024, totaling $186.8 million, largely driven by the strong demand for its drinkable kefir. Despite this growth, net income fell to $9 million from $11.4 million the previous year, attributed to rising operational costs and increased selling and administrative expenses. The company's gross profit as a percentage of net sales was 26%, slightly down from the previous year due to unfavorable milk pricing. Lifeway also expanded its market presence internationally and introduced new lactose-free products, indicating a strategic response to growing consumer interest in health and wellness. CEO Julie Smolyansky emphasized the company's commitment to capturing a larger share of the probiotic food market through innovative product offerings and expanded distribution channels. Overall, Lifeway's performance in 2024 marked its 21st consecutive quarter of year-over-year growth, showcasing the effectiveness of its sales and marketing strategies.