Reed’s, Inc. Announces Fourth Quarter and Full Year 2020 Financial Results
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Reed's (REED) Misses Q4 EPS by 1c, Revenues Beat
March 30, 2021 4:10 PM EDTReed's (NASDAQ: REED) reported Q4 EPS of ($0.05), $0.01 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $10.7 million versus the consensus estimate of $9.26 million.
Highlights for the Fourth Quarter of 2020
Net sales increased 49% to $10.7 million in the fourth quarter compared to $7.2 million in the prior year. The increase compared to the prior year reflects healthy volume growth of both the Reeds® and Virgils® brands, including the impact from recent launches of new product innovation;Core brand gross sales increased 38% versus prior year period primarily... More