Lifeway Foods' Ludmila Smolyansky sells $667,200 worth of stock

Ludmila Smolyansky, a member of the 10% owner group at Lifeway Foods Inc. (NASDAQ:LWAY), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. On January 13, Smolyansky sold a total of 30,000 shares, with prices ranging from $22.12 to $22.48 per share. The total value of the transaction amounted to $667,200. The sale comes as LWAY demonstrates strong financial performance, with InvestingPro data showing an impressive 87.65% price return over the past six months and robust revenue growth of 18.27%.

Following these sales, Smolyansky holds 995,549 shares indirectly through the Ludmila Smolyansky Trust 2/1/05. Additionally, she holds shares through other entities, such as The Ludmila and Edward Smolyansky Family Foundation and The Smolyansky Family Foundation, where she serves as a director and trustee, respectively. These holdings amount to 75,000 and 27,343 shares, respectively. The company maintains a strong financial position with a current ratio of 2.68, and according to InvestingPro analysis, shows excellent financial health with 10+ additional insights available to subscribers.

In other recent news, Lifeway Foods, a leading supplier of kefir and fermented probiotic products, has declined a buyout proposal from Danone (EPA:DANO) North America PBC, stating that the offer significantly undervalues the company. This decision follows Lifeway's robust financial performance, including 21 consecutive quarters of growth up to the fourth quarter of 2024. The company's year-over-year revenue growth in the third quarter of 2024 was in the double digits, and it anticipates full-year 2024 net sales to be between $185.0 million and $186.5 million, up from $160.1 million in 2023.

In a recent earnings call, Lifeway reported a 12.7% increase in net sales for the third quarter of 2024, reaching $46.1 million. This growth was largely 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, supported by strategic investments in sales and marketing.

These are recent developments that underline Lifeway's sustained growth momentum and commitment to delivering high-quality, nutritious products. The company's expansion plans include new product introductions and increased distribution in international markets. While Lifeway's Board has expressed its willingness to consider a sale, it remains committed to protecting the interests of the company and its shareholders.

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