Lifeway Foods slumps as higher costs dent Q2 profit
13/08/2026 15:32
BUZZ-Lifeway Foods slumps as higher costs dent Q2 profit ** Shares of Kefir-maker Lifeway Foods LWAY.O down as much as 19.5% at $23.51
** Stock set for its worst day since September 2025, if losses hold
** Co reports Q2 EPS of one cent, missing analysts' estimates of 27 cents, hurt by higher input and transport costs
** However, quarterly net sales rose 24% to $66.9 million, beating expectations of $61.4 million
** "Demand remained robust even as elevated milk prices created the primary margin headwind," says CEO Julie Smolyansky
** Up to last close, stock up ~21% YTD
(Reporting by Shania S Thomas in Bengaluru)