Lifeway Foods to Celebrate Successful Growth with Nasdaq Closing Bell Ceremony

Lifeway Foods Celebrates Milestones at Nasdaq Closing Bell



On February 3, 2025, Lifeway Foods, Inc. (Nasdaq: LWAY), renowned in the United States for its kefir and fermented probiotic products, will ring the closing bell at the Nasdaq MarketSite located in Times Square, New York City. This event comes on the heels of impressive projections for their fourth quarter and full-year net sales, marking a pivotal moment in their successful journey.

Strong Financial Performance



Lifeway has recently reported unaudited preliminary net sales for the fourth quarter of 2024 between $45.1 million and $46.6 million, with full-year projections estimating revenues of $185.0 million to $186.5 million. This is a noteworthy increase from the $160.1 million recorded in 2023. Julie Smolyansky, President and CEO of Lifeway Foods, expressed pride in the company's consistent growth, noting, "This will mark the twenty-first consecutive quarter of year-over-year growth, demonstrating our strong performance and commitment to innovation."

Governors and local officials have also acknowledged Lifeway's contributions. Governor JB Pritzker of Illinois emphasized the firm’s positive impacts on the community, stating, "Lifeway is a tremendous asset to our state, enhancing our business environment through job creation and investment."

Commitment to Community and Support



In addition to financial achievements, Lifeway Foods has been proactive in supporting their communities during trying times. Recently, in response to devastating wildfires in Los Angeles, the company mobilized efforts to provide essential aid to first responders and families in distress. They collaborated with various organizations and chefs to provide nourishment and resources, demonstrating Lifeway's commitment to community resilience and support.

CEO Smolyansky highlighted the importance of community engagement, stating, "We are thankful for the loyalty of our consumers and partners, and we remain dedicated to inspiring healthier lifestyles through our products and initiatives."

Lifeway's Legacy and Future Outlook



Founded nearly four decades ago, Lifeway Foods has become a cornerstone in the health food industry, particularly known for its delicious and nutritious kefir. Their products are not only sold across the United States but also enjoyed in international markets, including Mexico, Ireland, and France.

The company’s growth is indicative of its adaptability in a competitive market, as Lifeway continues to innovate and navigate challenges while adhering to its mission of promoting health through nutritious foods. Their contributions to business and philanthropy have solidified Lifeway's reputation as a responsible leader in the food sector.

As Lifeway Foods prepares to celebrate at the Nasdaq, it reflects a robust track record of dedication, resilience, and commitment to both its consumers and the wider community. The upcoming closing bell ceremony is not just an acknowledgment of their financial success but also a celebration of their core values and lasting impact. Lifeway Foods looks poised for a bright future filled with continued growth, innovation, and community involvement.

Topics Consumer Products & Retail)

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