Reed's (REED) Reports Q3 Loss of $0.10, Revenues Beat

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Go back to Reed's (REED) Reports Q3 Loss of $0.10, Revenues Beat

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

November 13, 2018 4:04 PM EST

Net sales decline 1% while core brand gross sales increased 3%

Gross profit increased 30% with gross margin of 25%, or 29% excluding one-time adjustments

 Virgil s Zero Sugar sales continue to ramp, adding 1,100 new doors; introduction of Reeds brand refresh, Zero Sugar offerings and new Can packages has begun

NORWALK, Conn., Nov. 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 third quarter 2018... More