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Reed’s: Soda Maker Lowers Income and Losses in Q2

Despite making headway on reducing expenses, Reed’s, Inc. reported net sales fell to $10 million in Q2, compared to $13.7 million in the same period last year, during its quarterly earnings call last week.

Reed’s: Net Sales +7%, Losses Down As Break-even Point In Sight

Reed’s, Inc. ended FY 2022 on an optimistic note, announcing a 7% increase in full year net sales to $53 million and a reduction in operating losses. Speaking on the company’s quarterly earnings call earlier this week, CEO Norman Snyder reiterated guidance that the company will achieve break-even cash flow in the second half of the year with gross margins above 30% and double-digit sales growth.

Reed’s: Company Sees Double-Digit Growth in 2021 Earnings, Operating Losses Rise

Reed’s, Inc. reported double digit growth in its full year 2021 earnings report last week, with net revenue up 19% to $49.6 million. However, the ginger beer producer faced steep operating losses as supply chain disruptions drove up costs. Gross profit for the year rose 7% to $13.6 million, with a gross margin of 27.4% compared to 30.7% the year before.

Earnings Roundup: Jones, Alkaline Water Co. and Reed’s Each Post Double-Digit Growth

Jones Soda reports double-digit Q3 growth and announces plans to move ahead on cannabis launch with eyes on early 2022 rollout; The Alkaline Water Company is seeing results from its sponsorship deal with Shaquille O’Neal, helping to reaffirm end of fiscal year guidance; Reed’s is seeing high demand but also high inflation costs.

Virgil’s Announces Limited Edition Return of Fan Favorite Flavor Dr. Better

NORWALK, Conn. — Virgil’s Dr. Better is back and bolder than ever! Virgil’s, America’s best-selling line of all-natural sodas from Reed’s Inc. (NASDAQ: REED), announces the limited-time return of its original Handcrafted Dr. Better due to popular demand. After years of overwhelming requests from fans to bring back this classic soda with a unique, distinctive […]

Reed’s: Net Sales Improve in Q3 as Company Tightens Spending

Ginger beer maker Reed’s reported 21% increase in net sales to $10.6 million in the third quarter, according to the company’s latest earnings report, setting the company on track to project 19% growth for the year.

Reed’s Inc. Launches Ready-to-Drink Mule With Real Ginger

Reed’s Inc. (NASDAQ: REED), America’s #1 name in ginger has launched its first-ever alcoholic beverage: Reed’s® Zero Sugar Classic Mule, a naturally brewed, ready-to-drink ginger mule made in partnership with Full Sail Brewing Co., Oregon’s award-winning craft brewer.

Reed’s: Zero Sugar, Ginger Ale Drive 13% Q1 Growth

After production issues hobbled growth last year, Reed’s Inc. reported in an earnings call yesterday that it has rebounded with 13% net sales growth to $9.5 million in Q1. Speaking with investors yesterday, Reed’s CEO Norman Snyder said the company’s volume growth was driven by distribution expansion and higher velocities.

Reed’s Inc. Launches Real Ginger Ale

Reed’s Inc., America’s #1 name in ginger, has launched Real Ginger Ale, an all-natural Ginger Ale packed with real, fresh ginger. Reed’s Real Ginger Ale is available in two crisp, clean, classic varieties: Original and Zero Sugar Original.

Norman E. Snyder Named CEO At Reed’s Inc

Reed’s Inc. announced today that COO Norman E. Snyder, Jr. will succeed interim CEO John Bello in a permanent capacity effective March 1. Snyder will take on the role just months after joining Reed’s in September during a management shakeup that also saw the exit of CEO Val Stalowir.


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