Seeking Alpha

Near the top of today's winners list is Lifeway Foods (LWAY +26.4%), up double-digits after...

Near the top of today's winners list is Lifeway Foods (LWAY +26.4%), up double-digits after reporting earnings that beat analysts EPS expectations Wednesday evening. From the report: Net sales rise 26% and gross profit increases 41%. The reported $0.14 per share is a record. Cash and cash equivalents jump 69% Y/Y. COGS falls 400 basis points. On the CC management says the acquisition of Golden Guernsey dairy plant will allow LWAY to avoid paying processing fees and thereby achieve a "5-10% cushion" against rising prices for milk, the company's largest raw material input. (PR, CC transcript)
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