Reed's (REED) Tops Q2 EPS by 1c, Revenues Beat
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Reed’s, Inc. Announces Second Quarter 2020 Financial Results
August 10, 2020 4:05 PM EDTNet sales increased 14%
Gross Margin increased 350 basis points
Maintains fiscal 2020 outlook
NORWALK, Conn., Aug. 10, 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 second quarter ended June 30, 2020.
Highlights for the Second Quarter of 2020
Net sales increased 14% to $10.9 million in the second quarter... More