Quarterly ResultAug 13, 2026, 09:03 AM
Lifeway Foods Achieves Record Q2 Net Sales of $66.9M
AI Summary
Lifeway Foods, Inc. announced record net sales for the second quarter and first half of 2026, with Q2 net sales reaching $66.9 million, a 24.1% increase year-over-year. This marks the 27th consecutive quarter of year-over-year net sales growth. However, net income significantly declined to $0.1 million, or $0.01 per diluted share, primarily due to elevated milk prices and higher operating costs. The company anticipates a full recovery in gross margin and profitability by 2027, supported by pricing actions and operational efficiencies, including the upcoming Waukesha expansion.
Key Highlights
- Q2 2026 net sales reached a record $66.9 million, up 24.1% year-over-year.
- First-half 2026 net sales totaled $129.9 million, an increase of 29.9% year-over-year.
- Gross profit margin for Q2 2026 was 19.5%, down from 28.6% in the prior-year period.
- Net income for Q2 2026 was $0.1 million, or $0.01 per diluted share, compared to $4.3 million, or $0.28 per diluted share, last year.
- The company reported its 27th consecutive quarter of year-over-year net sales growth.
- Lifeway expects gross margin and profitability to fully recover in 2027.
- Planned completion of the Waukesha expansion is set for early 2027.
Price Impact
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