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Lifeway Foods (LWAY)
NASDAQ:LWAY
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Earnings Data
Report Date
Apr 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -2.14%
|Next Earnings Date:Apr 22, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong positive sentiment driven by consistent sales growth, improved profit margins, and successful product and market expansions. While there are challenges such as increased capital spending and macroeconomic pressures, the highlights significantly outweigh the lowlights.Company Guidance
During the Lifeway Foods Q3 2024 earnings call, CEO Julie Smolyansky highlighted the company's impressive performance, noting a 12.7% increase in net sales to $46.1 million, marking the 20th consecutive quarter of growth. This achievement was driven by a strong demand for their flagship drinkable kefir products. The company reported a gross profit margin of 25.7% for the quarter and 26.2% for the first nine months of 2024, reflecting a 30 basis point improvement from the previous year. Net income reached $3 million, with earnings per share of $0.20 per basic and $0.19 per diluted share. Lifeway Foods also increased its capital spending by $2.2 million, totaling $5.4 million to enhance manufacturing capacity. The company continues to focus on strategic sales and marketing investments, contributing to a 22% year-to-date increase in drinkable kefir sales. Smolyansky emphasized the company's ongoing product innovation, distribution expansion, and commitment to providing high-quality, nutritious offerings to meet consumer demand amidst macroeconomic challenges.Record-Breaking Sales Growth
Lifeway Foods reported net sales of $46.1 million for Q3 2024, a 12.7% increase compared to Q3 2023, marking the 20th consecutive quarter of sales growth and the second highest quarterly net sales ever.
Sustained Year-to-Date Growth
For the first 9 months of 2024, net sales totaled $139.9 million, an 18.5% increase from the same period in 2023, and a 98.4% increase compared to 2019.
Gross Profit Margin Improvement
The gross profit margin was 25.7% for Q3 2024 and 26.2% for the first 9 months of 2024, up 30 basis points from 2023.
Product Expansion and Innovation
New product launches include 100% lactose-free labeled products and new flavors like Hot Honey and Matcha Latte. Expansion in distribution includes new placements at Walmart stores and international markets like South Africa and Dubai.
Expanding International Market Presence
Lifeway Foods expanded its distribution network to South Africa and announced new market entry in Dubai and the UAE.
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LWAY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LWAY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $23.39 | $22.39 | -4.28% |
| Aug 13, 2024 | $11.21 | $16.66 | +48.62% |
| May 14, 2024 | $26.77 | $24.47 | -8.59% |
| Mar 20, 2024 | $10.89 | $13.58 | +24.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lifeway Foods (LWAY) report earnings?
Lifeway Foods (LWAY) is schdueled to report earning on Apr 22, 2025, TBA Not Confirmed.
What is Lifeway Foods (LWAY) earnings time?
Lifeway Foods (LWAY) earnings time is at Apr 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LWAY EPS forecast?
Currently, no data Available
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