US-based dairy group Lifeway Foods has seen first-quarter earnings soar as a jump in sales offset rising costs.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Lifeway, the company behind probiotic dairy beverage Kefir, saw operating income climb 28% to US$1.8m during the three months to 31 March.
Lifeway announced its sales figures for the first quarter of the year last month, when it recorded a 50% jump in revenue to US$9m.
CFO Edward Smolyansky said yesterday (14 May) that the first three months of 2007 was “one of the strongest quarters we have ever had from top to bottom”.
Smolyansky claimed Lifeway would be able to steer clear of problems related to the rising cost of conventional milk.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHe said: “The cost trend for organic milk is flat and supply even seems to be outpacing demand, so as more and more of our revenues come from organic Kefir, which includes the recently acquired Helios brand, we hope the increased cost in conventional milk will have less of an impact going forward.”
