Reed's (REED) Reports Q3 Loss of $0.02/Share
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Reed's, Inc. Announces Record Third Quarter Revenues; Improvements Drive Positive Operating Income
October 13, 2016 4:05 PM EDTLOS ANGELES, Oct. 13, 2016 (GLOBE NEWSWIRE) -- Reeds, Inc. (NYSE MKT: REED), maker of the top-selling sodas in natural food stores nationwide, today announced the financial results for its fiscal third quarter ended September 30, 2016.
Financial Overview:
For the third quarter 2016 compared to the third quarter 2015:
Third quarter volume increased 18.1%Third quarter net sales increased 15.1% to a record $12.3 million from $10.7 millionThird quarter gross margin improved to 23.4% from 14.6%Delivery and handling costs... More