Lifeway Shares Fall 16.5% on Danone Offering

Lifeway Foods stock plunged 16.5% in pre‑market trading after Danone USA announced a secondary sale of 3.45 million shares at $19.50 each.
The Danone‑only offering gives Lifeway no proceeds, but Lifeway will repurchase about $5 million of shares at the same price.
Lifeway reported Q1 earnings of $0.30 per share and revenue of $63.01 million, both beating analyst expectations of $0.20 EPS and $53 million revenue.
BTIG is the sole book‑running manager and the offering is slated to close on May 19, 2026, subject to customary conditions.