Leading kefir company added as part of 2024
Russell Reconstitution
MORTON
GROVE, Ill., July 1, 2024
/PRNewswire/ -- Lifeway Foods, Inc. (Nasdaq: LWAY) ("Lifeway" or
"the Company"), a leading U.S. supplier of kefir and fermented
probiotic products to support the microbiome, today announced that
the Company has been included in the Russell 2000® and Russell 3000® Indexes, as part of the annual
reconstitution of the Russell
stock indexes, effective at the open of U.S. equity markets on
July 1, 2024.
"We are pleased that Lifeway has earned inclusion in the
Russell indexes," said
Julie Smolyansky, President and
Chief Executive Officer of Lifeway Foods. "With our recent earnings
report marking an incredible string of 18 consecutive quarters
of revenue growth and 4 consecutive quarters of record net
sales, we welcome the elevated visibility within the investment
community. Being part of the Russell indexes enhances our visibility to the
many institutions and funds that consider them a key market
reference point. We are excited about the opportunity to increase
our exposure and continue creating shareholder value."
The Russell indexes are widely
used by investment managers and institutional investors for index
funds and as benchmarks for active investment strategies. For more
information on the Russell Indexes and the Reconstitution, visit
the "Russell Reconstitution" section on the FTSE Russell
website.
About Lifeway Foods, Inc.
Lifeway Foods, Inc., which has been recognized as one of Forbes'
Best Small Companies, is America's leading supplier of the
probiotic, fermented beverage known as kefir. In addition to its
line of drinkable kefir, the company also produces a variety of
cheeses and a ProBugs line for kids. Lifeway's tart and tangy
fermented dairy products are now sold across the United States, Mexico, Ireland and France. Learn how Lifeway is good for more
than just you at lifewayfoods.com.
Media:
Derek Miller
Vice President of Communications, Lifeway Foods
Email: derekm@lifeway.net
General inquiries:
Lifeway Foods, Inc.
Phone: 847-967-1010
Email: info@lifeway.net
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SOURCE Lifeway Foods, Inc.