Lifeway Foods Inc. (Nasdaq:LWAY) announced results for three and six months ended June 30, 2011. Second quarter of 2011 gross sales increased 28% to $19.9 million compared to $15.5 million for the second quarter of 2010. This increase is primarily attributable to increased sales and growing awareness of benefits of Lifeway's flagship line, Kefir, as well as ProBugs® Organic Kefir for kids, and the successful introduction of new product lines such as Bio Kefir™. In addition, Lifeway Frozen Kefir contributed approximately $0.2 million in sales during the second quarter of 2011. The frozen kefir line was launched in April 2011.
Lifeway Foods, Inc., together with its subsidiaries, manufactures dairy and non-dairy health food products.
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August 22nd, 2011 at 01:00 pm