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Stocks L / Lifeway Foods, Inc.
|Subject: LWAY Q3||Date: 11/14/2012 5:40 PM|
|Author: hsmith1415||Number: 420 of 457|
...Total consolidated net sales increased 16% or $2.9 million to $20.6 million during the three-month period ended September 30, 2012 from $17.7 million during the same three-month period in 2011. Net sales are recorded as gross sales less promotional activities such as slotting fees paid, couponing, spoilage and promotional allowances as well as early payment terms given to customers....
The Company had $2.4 million in cash and cash equivalents as of September 30, 2012 compared to a $0.86 million at September 30, 2011. Total stockholder's equity was $38.4 million as of September 30, 2012, which is an increase of $2.6 million when compared to September 30, 2011...
Some good stuff here. Milk decrease fueled alot of it, again. But sales are strong. I still hold a position here, waiting for a bounce to maybe then unload. But good to see sales do continue to grow and balance sheet is strong...
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