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Lifeway Foods Inc Comments On FY 2013 Guidance; Issues Q1 2013 Revenue Guidance Above Analysts' Estimates

Monday, 1 Apr 2013 04:05pm EDT 

Lifeway Foods Inc announced that for fiscal 2013, it expect to be another year of strong sales and profitability as new and existing consumers choose Lifeway Foods as a provider of wholesome, nutritious kefir products for themselves and their families. Additionally, it expect gross revenues for the first quarter of 2013, to be approximately 30% higher when compared to the same period in 2012, and it expects to continue this momentum throughout the year. The Company reported revenues of $19.40 million in the first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenues of $92 million for fiscal 2013; revenue of $23 million for the first quarter of 2013. 

Company Quote

17 Sep 2014