Ludmila Smolyansky, a member of the 10% owner group of Lifeway Foods Inc. (NASDAQ:LWAY), recently sold shares of the company in two separate transactions. On January 3, Smolyansky sold 15,000 shares at prices ranging from $23.50 to $24.49. A few days later, on January 6, she sold an additional 45,000 shares at prices between $23.00 and $23.99. In total, these transactions amounted to $1,418,850. The sales come as LWAY shares have surged 87.65% over the past six months, with the company maintaining a GREAT financial health score according to InvestingPro analysis. Following these sales, Smolyansky now holds 1,025,549 shares indirectly, as noted in the filing. The shares are held by the Ludmila Smolyansky Trust and other family foundations, with Smolyansky serving as trustee or director. With a market capitalization of $343.22 million, LWAY has demonstrated strong profitability metrics and robust balance sheet health. Discover more comprehensive insights and 8 additional key tips about LWAY with InvestingPro's detailed research report.
In other recent news, Lifeway Foods, a leading supplier of kefir and fermented probiotic products, has declined Danone (EPA:DANO) North America PBC's acquisition proposal, stating the offer significantly undervalues the company. Lifeway Foods has demonstrated strong financial health, reporting 21 consecutive quarters of growth up to the fourth quarter of 2024, including double-digit year-over-year revenue growth in the third quarter of 2024. The company's full-year 2024 net sales are anticipated to be between $185.0 million and $186.5 million, a significant increase from $160.1 million in 2023.
In addition to this, Lifeway Foods has reported a 12.7% increase in net sales for the third quarter of 2024, reaching $46.1 million. This growth is attributed to the popularity of its flagship drinkable kefir product, which saw a 22% sales increase year-to-date. Lifeway's gross profit margins also improved to 25.7% for the quarter.
These are recent developments that underline Lifeway's commitment to delivering high-quality, nutritious products and sustaining its growth momentum. The company's expansion plans include new product introductions and increased distribution in international markets. The next update on the company's performance will be provided during the year-end call. Lifeway Foods' robust growth trajectory and strategic initiatives position the company well for sustained success.
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