Lifeway Foods, the manufacturer of dairy drink kefir, saw a drop in operating profit for the second quarter as a result of rising commodity costs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


For the period to 30 June 2008, operating income was US$1.54m, down from $1.76m from the previous year.


Gross profit remained virtually unchanged at $3.87m from $3.82m from the same period in 2007.


Net Income was down to $911.7m from $1.3bn for the second quarter 2008. Earnings per share were $0.05.


Sales increased 19% to around $11.5m from $9.7m during the same period a year ago, driven by a strong sales increase in the company’s kefir and ProBugs drinks.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“Our margins continue to improve as the cost of our largest raw material, milk, continues to decrease from its record highs set in the fall of 2007,” said Edward Smolyansky, CFO. “We intend on using the extra savings derived from these lower raw material prices to increase our marketing and promotional activities and to continue to educate the public as to the benefits of our Kefir.”


Selling related expenses in the second quarter 2008 increased 26% compared to the same period a year ago and the company said it expect to continue to spend a higher percentage of sales on marketing in the second half of 2008.