Lifeway Foods reports record FY2025 net sales of $212.5M, up 13.7%; net income +54%

Lifeway Foods, Inc.

FY2025 net sales $212.5M (highest ever), up 13.7% YoY; 19% on comparable basis after strategic exit.
FY2025 net income $13.9M ($0.89 diluted EPS) vs $9.0M ($0.60 diluted EPS) in FY2024.
Full-year gross margin 27.4%, up 140 bps from 26.0%; Q4 gross margin 27.8% (+250 bps).
Q4 net sales $55.4M, up 18.0% YoY; net income $2.5M vs net loss of $0.2M a year ago.
Reiterated long-term target of $45–50M adjusted EBITDA for FY2027; projects record sales in FY2026.

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