Key Developments: Lifeway Foods Inc (LWAY.W)
17.00USD
20 May 2013
$1.68 (+10.97%)
$15.32
$17.00
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$8.18
Latest Key Developments (Source: Significant Developments)
Lifeway Foods Inc Declares Second Annual Dividend
Lifeway Foods Inc announced that Board of Directors declared an annual cash dividend of $0.08 per common share. The dividend is payable on June 28, 2013 to shareholders of record as of the close of business on May 31, 2013. As of March 31, 2013, there were 16,346,017 common shares outstanding. Lifeway Foods paid its first annual dividend of $.07 per share on June 29, 2012. Full Article
Lifeway Foods Inc Comments On FY 2013 Guidance; Issues Q1 2013 Revenue Guidance Above Analysts' Estimates
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. Full Article
Lifeway Foods Inc Issues Q4 2012 Revenue Guidance Above Analysts' Estimates
Lifeway Foods Inc announced that for fourth quarter of 2012, it expects net sales increased approximately 23% or $3.8 million to $20.6 million from $16.8 million during the same three-month period in fiscal 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $19.3 for fourth quarter of 2012. Full Article
Lifeway Foods, Inc. Declares Annual Cash Dividend
Lifeway Foods, Inc. announced on May 3, 2012 that its Board of Directors declared an annual cash dividend of $0.07 per common share. The dividend is payable on June 29, 2012 to shareholders of record as of the close of business on May 30, 2012. Full Article
Lifeway Foods, Inc. Issues Q1 2012 Revenue Guidance Above Analysts' Estimates; Plans To Initiate Dividend; Announces New Share Repurchase Program
Lifeway Foods, Inc. announced that for the first quarter of 2012, it expects net sales to increase approximately 14% to $21 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $20.19 million for the first quarter of 2012. The Company also announced plans to initiate an annual dividend. Subject to declaration by the Board of Directors, the Company plans to initiate its first ever annual dividend sometime in the third quarter of fiscal 2012. Additionally, on February 6, 2012 the Company's Board of Directors authorized a new share repurchase program for up to 200,000 shares. The new share repurchase program replaces the existing share repurchase authorization of 250,000 shares beginning in fiscal 2011 under which the Company repurchased approximately 130,000 shares. Full Article
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