Reed's (REED) Reports In-Line Q1 EPS, Names Daniel Miles as CFO
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/4/2026
Go back to Reed's (REED) Reports In-Line Q1 EPS, Names Daniel Miles as CFO
May 11, 2015 4:01 PM EDT
LOS 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
May 11, 2015 4:01 PM EDT
LOS 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
