Lifeway Foods announced for the first quarter ended March 31, 2010, total consolidated sales increased 16 % to approximately $15,995,000 from $13,736,000 during the same period a year ago.
_____________________________
Lifeway Foods Reports Record 1st Quarter 2010 Revenues
- Total consolidated sales for the 1st quarter 2010 rose 16% to $15,995,000 from $13,736,0000 in 2009.
Morton Grove, IL - (Nasdaq: LWAY), Lifeway Foods, makers of a nutritious, probiotic dairy beverage called kefir, announced today for the first quarter ended March 31, 2010, total consolidated sales increased 16 % to approximately $15,995,000 from $13,736,000 during the same period a year ago.
Edward Smolyansky, CFO commented, “We are extremely pleased with our first quarter 2010 revenue results. We continue to grow our SKU’s offerings at our existing customers while at the same time adding new grocery and retail accounts and opening up new revenue channels such as convenience stores. As is our historical norm, the first two weeks of the year we shipped approximately half of what we averaged for the remaining 11 weeks of the quarter, and for those remaining 11 weeks, we averaged $1.350 million in revenue. This increase in weekly shipments is extremely encouraging as we look to continue our growth in 2010.”
SOURCE: Lifeway Press Release
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment