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Lifeway Foods Q4 2024 Earnings Report
Lifeway Foods reported its fourth quarter and full year 2024 financial results, achieving record net sales and continued growth.
Key Takeaways
Lifeway Foods achieved record net sales of $46.9 million in the fourth quarter of 2024, marking its 21st consecutive quarter of year-over-year growth. The company's full-year net sales reached $186.8 million, a 17% increase from the prior year, driven by strong demand for its probiotic products.
Fourth quarter net sales reached $46.9 million, the second highest-ever quarterly net sales.
Full year 2024 net sales were $186.8 million, up 16.7% year-over-year.
The company reported its 21st consecutive quarter of year-over-year growth.
Net income for the fourth quarter was -$160,000, while full-year net income was $9.0 million.
Forward Guidance
Lifeway Foods is confident in its future performance, expecting to deliver strong momentum into 2025 and achieve significant Adjusted EBITDA by FY2027.
Positive Outlook
- The company expects to deliver Adjusted EBITDA of $45 - $50 million in FY2027.
- Scheduled upgrades at the Waukesha plant are expected to almost double production capacity and more than triple bottling speed.
- The company anticipates driving further operational efficiency across the business by shipping higher volumes of products.
- Investments in key product lines are expected to enhance market leadership and broaden brand awareness.
- The company expects strong momentum to continue into 2025 due to robust growth and brand recognition in 2024.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
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