Overview
- Revenue hit a company record at $57.1 million, up 29% year over year and marking a sixth straight quarter of net sales growth.
- Gross margin expanded by three percentage points to 28.7%, supporting a 21% year-over-year increase in earnings per share.
- EPS came in at $0.23 versus roughly $0.28 expected, delivering a revenue beat but an earnings miss against consensus.
- Year-to-date free cash flow totaled about $1 million, down more than 90% from last year and under 9% of $11.3 million in GAAP profit.
- CEO Julie Smolyansky emphasized category leadership in kefir and plans to tap health-and-wellness trends, as at least one columnist withheld a buy call and noted Lifeway was absent from a Stock Advisor top-10 list.