Kefir company Lifeway Foods has reported a rise in sales to $5m for the second quarter ended 30 June 2005 from $4m during the same period a year ago.
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For the six months period ended 30 June 2005, sales rose to $9.7m compared to $7,9m for the same period in 2004.
“We are extremely pleased with our second quarter sales results,” said CEO Julie Smolyansky. “Our growth shows the continuing acceptance and recognition of our kefir beverages, and the probiotic markets as a whole, in both the health food segment and the mass market. We continue to see numerous positive inquiries from some of the nation’s largest retailers. These factors give us a very confident feeling for our prospects in the second half of the year.”
In addition, Lifeway has expanded its product line to include more non-perishable food items. “Now that we have a new, larger distribution and storage facility, we can take advantage of our strong delivery system in Chicago to expand our product offerings. These items, which will go directly on our existing routes, automatically add value to our bottom line,” said CFO, Edward Smolyansky.
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