Lifeway Foods, Inc. reported record financial results for the full year ended December 31, 2024, with net sales reaching $186.8 million, an increase of 16.7% over the prior year. This marks the company's 21st consecutive quarter of year-over-year growth.
For the fourth quarter of 2024, net sales were $46.9 million, representing the second highest-ever quarterly net sales. Full year 2024 gross profit margin was 26.0%, and net income was $9.0 million, or $0.60 per diluted share, despite a net loss of $0.16 million in Q4 2024.
The company reiterated its confidence in achieving Adjusted EBITDA of $45-$50 million in fiscal year 2027. Lifeway also announced scheduled upgrades at its Waukesha, Wisconsin plant, which are expected to almost double production capacity and more than triple bottling speed, supporting future growth.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.