Lifeway Foods sees profitability plunge despite record sales
LWAY Lifeway Foods Inc
$20.89 -7.20%
View chart & analysis → - 1Lifeway Foods achieved net sales of $67.8 million, marking an 18.6% year-over-year growth in net sales for the third quarter.
- 2Lifeway Foods reported earnings per share (EPS) of $0.02, a 91.3% year-over-year decrease in profit for the third quarter.
- 3Management attributed the decline in gross margin to milk, resin-based packaging, raw materials, and transportation costs.
So what's the key point?
Lifeway Foods achieved net sales of $67.8 million, marking an 18.6% year-over-year growth in net sales for the third quarter.
Source Earnings Whispers +1 · View original ↗
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