Beverage News / Alternative Drinks

Lifeway Foods reports preliminary Q4, full-year 2013 sales results

Kefir line supports overall company sales growth

January 21, 2014
/ Print / Reprints /
/ Text Size+

Lifeway Foods Inc., Morton Grove, Ill., released its preliminary sales results for the fourth quarter and full year that ended Dec. 31, 2013.
In the fourth quarter of 2013, gross sales increased approximately 26 percent to $28.8 million, compared with $22.9 million in the prior-year period.

Full-year 2013 gross sales increased approximately 21 percent to $108.2 million, compared with $89.8 million in 2012. These increases are primarily attributable to increased sales and awareness of Lifeway Foods’ flagship Kefir line as well as its ProBugs Organic Kefir for kids and BioKefir products, the company says.

Total consolidated net sales increased approximately 25 percent to $26.3 million during the fourth quarter, compared with $21 million in the prior-year period. Full-year 2013 net sales increased 20 percent to $97.6 million, compared with $81.4 million in 2012. Net sales are recorded as gross sales less promotional activities, such as slotting fees paid, couponing, spoilage and promotional allowances, as well as early payment terms given to customers.

"We are extremely pleased with another year of record sales growth," said Julie Smolyansky, chief executive officer of Lifeway Foods, in a statement. "Distribution of Lifeway's kefir products continues to grow in new and existing markets, and we believe the strategic investments made in 2013 will enable us to further increase our capacity to meet the strong demand for kefir in 2014 and beyond."

The company will report its full financial results for the fourth quarter and full year ended Dec. 31, 2013, in late March or early April 2014.

 Did you enjoy this article? Click here to subscribe to Beverage Industry.  

You must login or register in order to post a comment.



Image Galleries

International Pineapple Day at Bahama Breeze

In celebration of International Pineapple Day on April 2, Bahama Breeze locations across the country invited the media and consumers to celebrate with cocktails that feature the tropical flavor of the pineapple. (Photos by Liz Parker and Jennifer Haderspeck)

10/10/13 2:00 pm EDT

Ditch the weighting agents: A cost effective solution for delivering flavors and actives

Available On Demand Learn how to reduce costs and energy use by enabling high oil load emulsions, eliminating the need for weighting agents like brominated vegetable oil (BVO).

Beverage Industry Magazine

BI April 2014 cover

2014 April

The April 2014 Beverage Industry includes a cover story on moonshine, as well as articles about CSD brands, whiskey, and more. Check it out today!

Table Of Contents Subscribe

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

Spirits Segments

Which spirits segment will perform the best in 2014?
View Results Poll Archive


Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products


Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!


facebook40 twitter    youtubelinked