Reed's (REED) Tops Q1 EPS by 1c, Revenues Beat; Reaffirms FY20 Growth & Gross Margin Outlook
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Reed’s, Inc. Announces First Quarter 2020 Financial Results
May 11, 2020 4:05 PM EDTNet sales increased 13%
Core brand gross sales increased 12%
Reaffirms fiscal 2020 outlook
NORWALK, Conn., May 11, 2020 (GLOBE NEWSWIRE) -- Reeds Inc. (Nasdaq: REED), owner of the nations leading portfolio of handcrafted, all-natural beverages, today announced financial results for the fiscal first quarter ended March 31, 2020.
Highlights for the First Quarter of 2020
Net sales increased 13% to $9.5 million in the first quarter... More