- Total consolidated sales for the first quarter 2008 year rose 23% to $11,100,000 from $9,020,000 in 2007.
MORTON GROVE, Ill., April 1, 2008 /PRNewswire-FirstCall/ -- Lifeway Foods, Inc., (NASDAQ:LWAY), makers of a nutritious, probiotic dairy beverage called Kefir, announced today for the first quarter ended March 31, 2008, total consolidated sales increased 23% to approximately $11,100,000 from $9,020,000 during the same period a year ago.
Julie Smolyansky, Lifeway's CEO, commented, "The first quarter 2008 was another outstanding quarter for Lifeway Foods. Both of our main brands, the Lifeway and Helios kefir line's, had their best quarters in terms of revenues ever. In addition our ProBugs(TM) Organic Kids Kefir had its best quarter ever and we see no signs of it slowing down. Even though the first few weeks of the year started out slow as the holidays wound down, sales picked up tremendously as the quarter progressed and we are getting close to the $1 million dollar a week revenue threshold." About Lifeway Foods Lifeway, recently named Fortune Small Business' 97th Fastest Growing Small Business, and one of only 4 companies to ever be named to the list four straight years in a row, is America's leading supplier of the cultured dairy product known as kefir, and now America's only supplier of Organic Kefir. Lifeway Kefir is a dairy beverage that contains Lifeway's exclusive 10 Live and Active probiotic cultures. While most regular yogurt only contains two or three of these "friendly" cultures, Lifeway kefir products offer more nutritional benefits. Lifeway offers 12 different flavors of its Kefir beverage, Organic Kefir and SoyTreat (a soy based kefir). Lifeway recently introduced a series of innovative new products such as pomegranate kefir, Greek-style kefir, a children's line of organic kefir products called ProBugs (TM) in a no-spill pouch in kid-friendly flavors like Orange Creamy Crawler and Sublime Slime Lime, and a line of organic whole milk kefir. Lifeway also produces a line of products marketed in US Hispanic communities, called La Fruta, Drinkable Yogurt (yogurt drinks distinct from kefir). In addition to its line of Kefir products, the company produces a variety of cheese products and recently introduced a line of organic pudding called It's Pudding!.
For more information, contact Julie Smolyansky at Lifeway Foods, Inc. at (847) 967-1010 or e-mail at and visit http://www.lifeway.net/.
This news release contains forward-looking statements. Investors are cautioned that actual results may differ materially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, competitive pressures and other important factors detailed in the Company's reports filed with the Securities and Exchange Commission. DATASOURCE: Lifeway Foods, Inc.
CONTACT: Julie Smolyansky of Lifeway Foods, Inc., +1-847-967-1010, Web site: http://www.lifeway.net/ http://www.kefir.com/
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