Net sales were $141.5 million for the year ended December 31, 2022, an increase of $22.5 million.
Lifeway Foods Inc. financial results for the fourth quarter and full year ended December 31, 2022, with net sales reaching $141.5 million, an increase of $22.5 million or 18.9% from the prior year.
The net sales increase was primarily driven by higher volumes of its branded drinkable kefir and the impact of price increases implemented during the year, and to a lesser extent, the favorable impact of its acquisition of Glen Oaks Farms during the third quarter of 2021, the company stated.