Lifeway Foods, Inc. Announces Results for the First Quarter Ended March 31, 2016 (Lifeway Foods Inc)

(Source: Lifeway Foods Inc) Lifeway Foods, Inc. Announces Results for the First Quarter Ended March 31, 2016 First Quarter Net Sales Increase 10% Year-Over-Year to $32.6 Million Morton Grove, IL - May 10, 2016 - Lifeway Foods, Inc., (Nasdaq: LWAY), the leading U.S. supplier of kefir cultured dairy products, today reported financial results for the first quarter ended March 31, 2016. "We are pleased to announce an encouraging start to 2016 in which we achieved double-digit top-line revenue growth and a sequential increase in profitability," said Julie Smolyansky, CEO of Lifeway Foods, Inc. "Our solid first quarter results demonstrate the success of our strategic initiatives. In...