The chart below shows how LWAY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LWAY sees a -8.86% change in stock price 10 days leading up to the earnings, and a +14.09% change 10 days following the report. On the earnings day itself, the stock moves by +9.04%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Net Sales Increase: Our net sales were $46.1 million for the period ended September 30, 2024, an increase of $5.2 million or 12.7% compared to the third quarter of 2023.
Quarterly Net Sales Growth: This was our 20th consecutive quarter of quarterly net sales growth, marking an incredible milestone of five consecutive years worth of quarterly growth for Lifeway.
Net Sales Increase: Our net sales were $139.9 million, an 18.5% increase compared to the first nine months of 2023.
Net Sales Surge: Our year-to-date net sales increasing 98.4% compared to the same period in 2019.
Gross Profit Margin Increase: We reported a gross profit margin of 25.7% for the quarter ended September 30, 2024, resulting in a gross profit margin of 26.2% for the nine months ended September 30, 2024, up 30 basis points compared to the same period in 2023.
Negative
Sales Increase Q3 2024: O u r n e t s a l e s w e r e $ 4 6 . 1 m i l l i o n f o r t h e p e r i o d e n d e d S e p t e m b e r 3 0 , 2 0 2 4 , a n i n c r e a s e o f $ 5 . 2 m i l l i o n o r 1 2 . 7 % c o m p a r e d t o t h e t h i r d q u a r t e r o f 2 0 2 3 .
Net Income and EPS: O u r n e t i n c o m e d u r i n g t h e p e r i o d e n d e d S e p t e m b e r 3 0 , 2 0 2 4 w i t h $ 3 m i l l i o n r e f l e c t i n g E P S o f $ 0 . 2 0 p e r b a s i c a n d $ 0 . 1 9 p e r d i l u t e d c o m m o n s h a r e .
Capital Spending Increase: C a p i t a l s p e n d i n g i n c r e a s e d $ 2 . 2 m i l l i o n t o $ 5 . 4 m i l l i o n d u r i n g t h e n i n e m o n t h p e r i o d e n d e d S e p t e m b e r 3 0 , 2 0 2 4 c o m p a r e d t o t h e f i r s t n i n e m o n t h s o f 2 0 2 3 .
Selling and Administrative Expenses: S e l l i n g , g e n e r a l , a n d a d m i n i s t r a t i v e e x p e n s e s w e r e $ 7 . 5 m i l l i o n f o r t h e p e r i o d e n d e d S e p t e m b e r 3 0 , 2 0 2 4 .
Gross Profit Margin Decline: O u r g r o s s p r o f i t m a r g i n f o r t h e q u a r t e r e n d e d S e p t e m b e r 3 0 , 2 0 2 4 r e s u l t e d i n a g r o s s p r o f i t m a r g i n o f 2 5 . 7 % , d o w n f r o m 2 6 . 2 % f o r t h e n i n e m o n t h s e n d e d S e p t e m b e r 3 0 , 2 0 2 4 .
Lifeway Foods, Inc. (LWAY) Q3 2024 Earnings Call Transcript
LWAY.O
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