Reed’s, Inc. Announces Third Quarter 2020 Financial Results
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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Source: GlobeNewswire
Net sales increased 21% Gross Margin increased 350 basis points Increases fiscal 2020 net sales guidance NORWALK, Conn., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Reed’s Inc. (Nasdaq:REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today announced financial results for the fiscal third quarter ended September 30, 2020. Highlights for the Third Quarter of 2020 Net sales increased 21% to $10.6 million in the third quarter compared to $8.7 million in the prior year. The increase compared to the prior year reflects strong volume growth of the Reed’s® brands, including impact from recent launches of new product innovation.Core brand gross sales increased 18% versus prior year period primarily driven by strong 32% volume growth of the Reed’s® brand;Gross profit increased 35% to $3.4 million compared to $2.5 million in the prior year period. Gross margin increased 350 basis points to 32%;Operating loss narrowed to $2.3 million compa
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REED
News
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reeds (REED) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Reed's, Inc. (NYSE: REED) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Reed's Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook [Yahoo! Finance]Yahoo! Finance
REED
Earnings
- 11/9/23 - Beat
REED
Sec Filings
- 4/4/24 - Form 4/A
- 4/3/24 - Form 8-K/A
- 4/2/24 - Form 8-K
- REED's page on the SEC website