Lifeway (LWAY) possesses solid growth attributes, which could help it handily outperform the market.
Here is how Lifeway Foods (LWAY) and Dole (DOLE) have performed compared to their sector so far this year.
Does Lifeway Foods (LWAY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Lifeway (LWAY) possesses solid growth attributes, which could help it handily outperform the market.
Lifeway Foods, Inc. (NASDAQ:LWAY ) Q2 2024 Earnings Conference Call August 13, 2024 9:00 AM ET Company Participants Julie Smolyansky - President and Chief Executive Officer Conference Call Participants Operator Good morning. Welcome to Lifeway Foods' Second Quarter 2024 Conference Call.
Lifeway Foods reported strong Q2'24 earnings, with sales up 25% YoY. The company remains undervalued despite positive earnings, with a price target of $24.09 and potential for future growth. Lifeway's focus on probiotic products like kefir, along with increasing brand loyalty, positions them well for continued success in the market.
Lifeway reported strong sales and earnings growth this morning. At the same time, the company's co-founder and former COO -- family of the current CEO -- are moving to replace the board and the CEO.
Lifeway Foods (LWAY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.21 per share a year ago.
Lifeway dominates the kefir market, with over 90% market share. The global probiotics market, valued at $70.95 billion in 2023, is expected to reach $115-$128 billion by 2030, with a CAGR of 8.6%. When the global market for kefir expands, Lifeway is well-positioned to capitalize on international growth opportunities.
Lifeway Foods, Inc. stock has experienced a recent selloff, which may be an overreaction. The company has a low P/E ratio and a strong financial position, making it an attractive investment. Lifeway Foods has great management, high ownership, low debt levels, and a dominant position in its niche market.