Lifeway Foods® Announces Strong Results for the Third Quarter and Nine Months Ended September 30, 2024
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Lifeway Foods reported strong financial results for Q3 2024, with net sales up 18.5% year-over-year, driven by increased demand for probiotic foods. The company achieved its 20th consecutive quarter of growth and improved its gross profit margin to 26.2%.
November 14, 2024 | 2:15 pm
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Lifeway Foods reported an 18.5% increase in net sales for Q3 2024, driven by strong demand for probiotic products. The company also improved its gross profit margin to 26.2%, marking its 20th consecutive quarter of growth.
The strong financial performance, marked by significant sales growth and improved profit margins, is likely to positively impact LWAY's stock price. The consistent growth trend further supports investor confidence.
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RELEVANCE 100