Lifeway Foods announces record 4th quarter and full-year 2013 financial results
Increases attributed to Kefir, ProBugs, BioKefir lines
Lifeway Foods Inc., Morton Grove, Ill., announced results for the fourth quarter and full year ended Dec. 31, 2013.
"We are very pleased to report record net revenues for 2013 — the highest in the company's history — and are confident that our strong growth will continue in fiscal 2014," said Julie Smolyansky, chief executive officer of Lifeway Foods, in a statement. "We are focused on our strategic plan to create innovative, healthy and nutritious food products for our customers while expanding distribution in the United States and abroad. We remain committed to wellness and continue to see positive business trends for Lifeway. We are already off to a strong start for 2014 and expect a 24 percent increase in net sales for the first quarter from the prior year. I am very excited for our future opportunities and believe we are well positioned for long-term sustainable growth that will allow us to increase value for shareholders."