October 10, 2008

Lifeway Foods Q3 Sales Up

Lifeway Foods has reported total consolidated sales of approximately $11.27 million for the third quarter ended September 30, 2008, an increase of 15%, compared to $9.82 million during the same period in 2007.

Julie Smolyansky, president and CEO of Lifeway Foods, said: "We are extremely pleased with our third quarter sales. September was a record month for us, with about 40% of the quarter's shipments occurring in that month. In addition to sales growth from our regular channels and products, in the third quarter we began shipping to Costco locations in the Midwest, and the results exceeded our expectations. This should provide a nice springboard to expand to other regions."

Mr Smolyansky also said that Lifeway has begun to distribute four varieties of its 32-ounce Low Fat Organic Kefir (Organic Blueberry, Organic Pomegranate-Acai, Organic Plain, and Organic Strawberries 'n Cream) through Giant Eagle, a regional grocery chain with more than 200 locations in Ohio, western Pennsylvania, West Virginia and Maryland.