Reed's (REED) Misses Q2 EPS by 7c, Revenues Beat

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Go back to Reed's (REED) Misses Q2 EPS by 7c, Revenues Beat

Reed’s, Inc. Announces Second Quarter 2018 Financial Results

August 13, 2018 4:10 PM EDT

Net sales increased 6%; core brand gross sales increased 13%

Gross margin expanded 1340 basis points to 32% and gross profit increased 81%

Successfully launched Virgils Zero Sugar in cans

Continued progress on transformation plan

LOS ANGELES, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Reeds Inc. (NYSE American: REED), owner of the nations leading portfolio of handcrafted, all-natural beverages, today announced financial results for the fiscal second quarter 2018 ended June 30, 2018.

Financial... More