Lifeway Foods Reports Record $67.8 Million Quarterly Sales as Profit Declines

Lifeway Foods reported record third-quarter net sales of $67.8 million, up 18.6% year over year, as higher volumes of branded drinkable kefir drove growth. Gross margin fell to 18.0% amid elevated input costs, and net income declined to $260,000, or $0.02 per diluted share. Year-to-date net sales i…