Lifeway Foods, Inc. (NASDAQ:LWAY) shares are trading higher on Tuesday. The company reported second-quarter earnings per share of 25 cents, beating the analyst consensus of 21 cents. The company registered net sales of $49.2 million in the quarter under review, up 25.3% year over year, driven by Lifeway Kefir’s volume growth. Sales outpaced the street view of $45.50 million. “Accompanying the very strong, volume-led topline growth, we continued to enhance our profitability profile with solid gross margins and strong net income growth, a testament to the seamless operational execution of our whole Lifeway team,” commented Julie Smolyansky, President and Chief Executive Officer of Lifeway Foods.  Gross profit as a percentage of net sales was 27.0% for the second quarter ended June 30, 2024. Selling, general and administrative expenses as a percentage of net sales were 15.8% for the second quarter. “We are thrilled with ...