Reed's (REED) Reports In-Line Q1 EPS, Names Daniel Miles as CFO
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Reed's, Inc. Announces Organizational Changes
May 11, 2015 4:01 PM EDTLOS ANGELES, May 11, 2015 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide, today announced the appointment of Daniel Miles to the role of Chief Financial Officer and Mark Costa to the role of Director of Operations. Mr. Costa's role is a newly created position and will report directly to Chief Operating Officer Mark Beaton. Â Â
Chris Reed, CEO and Founder of Reed's, Inc., commented, "This is another big day for Reed's. Dan has 30 plus years of financial management experience starting at Ernst & Young and includes... More
Reed's, Inc. Announces 19% First Quarter Sales Growth
May 11, 2015 4:01 PM EDTLOS ANGELES, May 11, 2015 (GLOBE NEWSWIRE) -- Reed's, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide, today announced the financial results for its fiscal first quarter ending March 31, 2015.
Financial Highlights for 2015 First Quarter versus 2014 First Quarter:
Net sales increased 19% to a record $10.6 million driven by: 33% gross sales growth of Reed's Ginger Brew line representing 44% of sales 12% gross sales growth in Virgil's craft soda line representing 33% of sales 23% gross sales growth in Private Label representing 7% of sales Topline promotional spend... More