Reed's Ginger Brew

Craft soda maker Reed’s reported another down quarterly earnings report as sales, margin and profit fell sharply amid lower inventory write-offs and volume declines.

Despite announcing a double-digit decline in Q4 net sales on Wednesday, soda maker Reed’s expressed confidence that its de-levered balanced sheet and enhanced financial flexibility will help it return to growth in 2025.

Reed’s, Inc. continued to make strides in its turnaround efforts during Q2 2024, showing a double-digit increase in net sales and further reduction in operating losses in Q2. Net sales in Q2 were up 19% year-over-year to $11.9 million.

Reed’s, Inc. saw net sales decline to $44.7 million in 2023, down from $53 million in 2022, even though the ginger beverage maker posted its sixth consecutive quarter of improvements to operating expenses.

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.

After a $5.6 million investment on Wednesday, Reed’s leadership expressed optimism during its Q1 earnings call that it will achieve cash flow positive by the end of year reporting cost cutting measures have improved margins.

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.

Ginger beverage brand Reed’s has hired a new CCO to lead sales, Blue Bottle finds a creative director in retail fashion and Boxed Water Is Better announces hiring spree on the back of new partnerships and increased demand.

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.

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.

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 […]

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. (NASDAQ: REED), maker of the nation’s leading portfolio of handcrafted, all-natural beverages, announces the appointment of Richard H. Hubli as Vice President of Operations, effective immediately.

Flying Cauldron™, a non-alcoholic butterscotch cream soda from Reed’s® Inc. (NASDAQ: REED), proudly announces the magical brew’s launch on Amazon.