Reed’s Inc. Provides Fiscal 2021 Guidance
Reeds, Inc. (REED)
Last reeds, inc. earnings: 3/12 04:14 pm
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
NORWALK, Conn., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Reed’s Inc. (NASDAQ: REED), owner of the nation’s leading portfolio of handcrafted, all-natural beverages, today provided financial guidance for fiscal 2021 and detail on recent syndicated third-party retail sell-through data. The Company is providing fiscal 2021 net sales guidance of $45.8 million to $46.6 million and a gross margin of 32% to 33%. This guidance follows updated fiscal 2020 guidance for approximately $40.1 million to $40.3 million of net sales and a gross margin of approximately 30%, which was previously announced. The Company is also providing recent syndicated retail sell-through data. According to data from IRI, sales at retail for the four weeks ended October 4, 2020 increased 49.4% for the Reed’s brand and 27.5% for the Virgil’s brand. Year-to-date IRI data indicates 33.2% growth of the Reed’s brand and 23.0% for the Virgil’s brand. Additionally, ACV, a measure of distribution, has increased 7.4% to 39.1 points
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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