Lifeway Foods Inc. reported preliminary consolidated sales results for the fourth quarter ended December 31, 2012. For the quarter, the company's gross sales increased approximately 23% to $23.0 million compared to $18.7 million in the same period last year. This increase is primarily attributable to increased sales and awareness of the company's Kefir, as well as ProBugs(R) Organic Kefir for kids and BioKefir(TM).

Total consolidated net sales increased approximately 23% or $3.8 million to $20.6 million during the three-month period ended December 31, 2012 from $16.8 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.