Lifeway Foods, Inc. Announces Results for the Fourth Quarter and Full Year Ended December 31, 2016

MORTON GROVE, Ill., April 10, 2017 (GLOBE NEWSWIRE) -- Lifeway Foods, Inc., (Nasdaq: LWAY ), the leading U.S. supplier of kefir cultured dairy products, today reported financial results for the fourth quarter and full year ended December 31, 2016. “We had another exciting year and are pleased with our 2016 financial results, particularly in light of the challenging food retail environment.  We increased our net income by 76% year-over-year, largely driven by strong gross profit growth,” said Julie Smolyansky, CEO of Lifeway Foods, Inc. “We continue to focus our efforts on strengthening our business through new product innovation and expanded distribution to both new and existing...