Lifeway Foods, Inc., a supplier of cultured dairy products known as kefir and organic kefir, today announced preliminary sales results for the first quarter ended March 31, 2013.
First quarter of 2013 gross sales increased approximately 27 percent to $27.4 million compared to $21.6 million in the same period last year. Total consolidated net sales increased approximately 27 percent to $24.7 million during the three-month period ended March 31, 2013 from $19.4 million during the same three-month period in 2012. The record sales increase was due to new retail distribution expansion, product additions and increased sales to existing retail customers.
“We are extremely pleased with our ability to start 2013 off strong with a record sales performance in the first quarter,” said Julie Smolyansky , CEO of Lifeway Foods, Inc. “Our team has done an excellent job increasing distribution of Lifeway’s kefir products and building our brand awareness with consumers seeking high-protein and low-fat foods with the benefit of probiotic cultures.”
Lifeway will report full first quarter of 2013 financial results on Wednesday, May 15, 2013.