Eastside Distilling, Inc. (EAST) Misses Q1 EPS by 8c, Revenues Beat
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Eastside Reports First Quarter 2020 Financial Results
May 14, 2020 4:15 PM EDTPORTLAND, Ore., May 14, 2020 /PRNewswire/ -- Eastside Distilling, Inc. (NASDAQ: EAST) reported first quarter 2020 financial results for the period ended March 31, 2020.
Financial ResultsGross sales for the first quarter of 2020 were $3.7 million compared to $3.5 million for the first quarter of 2019, an increase of 8%. The increase in gross sales is primarily attributable to contributions from the Azuñia Tequila brand which were acquired in September 2019, offset by a decrease in sales of Redneck Riviera Whiskey products and Co-Packing Services. Gross sales exclude Retail / Special Events sales that have been classified as Discontinued... More
