Smolyansky

Lifeway Foods Announces Share Repurchase Program

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Monday, June 28, 2021
Articles, Lifeway Foods, Academic disciplines, Businesspeople, Julie Smolyansky, Stock market, Buyback, LifeWay Christian Resources, Lifeway, Share repurchase, Smolyansky, Michael Smolyansky

MORTON GROVE, Ill., June 28, 2021 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY) (Lifeway or the Company), the leading U.S. manufacturer of kefir and fermented probiotic products, announced today that Lifeway's Board of Directors has approved a new share repurchase program of up to 250,000 shares.

Key Points: 
  • MORTON GROVE, Ill., June 28, 2021 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc. (Nasdaq: LWAY) (Lifeway or the Company), the leading U.S. manufacturer of kefir and fermented probiotic products, announced today that Lifeway's Board of Directors has approved a new share repurchase program of up to 250,000 shares.
  • Under such a program, Lifeway Foods may repurchase up to 250,000 shares of the Company's Common Stock through the open market within a period of two years from the effective date of the program.
  • The Company will use its available cash resources generated through operations to fund the stock repurchase program.
  • "This buyback program reflects our confidence in Lifeways overall business and successful execution of our Lifeway 2.0 strategy, said Lifeway CEO Julie Smolyansky.

Lifeway Foods, Inc. to Report Fourth Quarter and Full Year 2020 Financial Results on March 25, 2021

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Thursday, March 18, 2021
Fermented dairy products, Food and drink, Businesspeople, Julie Smolyansky, Lifeway Foods, Drinks, Kefir, LifeWay Christian Resources, Smolyansky, Probiotic, Michael Smolyansky

A pre-recorded conference call and webcast with Lifeway CEO Julie Smolyansky discussing these results with additional comments and details will be available on March 25, 2021 at approximately 9:00 a.m.

Key Points: 
  • A pre-recorded conference call and webcast with Lifeway CEO Julie Smolyansky discussing these results with additional comments and details will be available on March 25, 2021 at approximately 9:00 a.m.
  • The webcast will be available over the Internet through the Investor Relations section of the Companys website at https://lifewaykefir.com/webinars-reports/.
  • Lifeway Foods, Inc., which has been recognized as one of Forbes Best Small Companies, is Americas leading supplier of the probiotic, fermented beverage known as kefir.
  • Learn how Lifeway is good for more than just you at www.lifewaykefir.com .

Lifeway Foods, Inc. Announces Strong Second Quarter 2020 Results

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Thursday, August 13, 2020
Julie Smolyansky, Smolyansky, Lifeway Foods, Businesspeople, Industries, Food and drink

I am pleased to report that our strong business momentum continued in the second quarter of 2020, with an 8% increase in sales compared to the second quarter of 2019, commented Julie Smolyansky, Lifeways President and Chief Executive Officer.

Key Points: 
  • I am pleased to report that our strong business momentum continued in the second quarter of 2020, with an 8% increase in sales compared to the second quarter of 2019, commented Julie Smolyansky, Lifeways President and Chief Executive Officer.
  • Net sales were $25.0 million for the second quarter of 2020, an increase of 8.0% from $23.2 million in the second quarter of 2019.
  • Gross profit as a percentage of net sales was 27.7% for the second quarter of 2020, an increase of 410 basis points from 23.6% for the first quarter of 2020.
  • Second quarter of 2020 selling expenses were consistent with the second quarter of 2019 at $2.7 million.

Lifeway Foods Debuts Commercial Celebrating Manufacturing, Healthcare and Retail Heroes

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Thursday, May 7, 2020
Fermented dairy products, Food and drink, Health, Articles, Lifeway Foods, Julie Smolyansky, Kefir, Probiotic, Filmjölk, Food, Nutrition, Smolyansky

Lifeway was founded around the mission of bringing healthy and nutritious food to as many people as possible, says Julie Smolyansky, CEO of Lifeway Foods.

Key Points: 
  • Lifeway was founded around the mission of bringing healthy and nutritious food to as many people as possible, says Julie Smolyansky, CEO of Lifeway Foods.
  • To date, Lifeway Foods has donated more than 70,000 servings of immune-supporting probiotic kefir, ensuring nutrition gets in the hands of those who need it most.
  • To meet increased product demand and fulfill donations, Lifeway Foods mobilized its network of refrigerated trucks to supply products as quickly as possible.
  • Lifeway Foods, Inc., which has been recognized as one of Forbes' Best Small Companies, is America's leading supplier of the probiotic, fermented beverage known as kefir.