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OTCMKTS:REED

Reeds 8/13/2024 Earnings Report

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$1.00 0.00 (0.00%)
As of 03:58 PM Eastern

Reeds EPS Results

Actual EPS
-$0.44
Consensus EPS
-$0.15
Beat/Miss
Missed by -$0.29
One Year Ago EPS
N/A

Reeds Revenue Results

Actual Revenue
$11.87 million
Expected Revenue
$11.47 million
Beat/Miss
Beat by +$400.00 thousand
YoY Revenue Growth
N/A

Reeds Announcement Details

Quarter
Time
N/A
Conference Call Date
N/A
Conference Call Time
N/A

Conference Call Resources

Reeds Earnings Headlines

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About Reeds

Reed’s, Inc. is a U.S.-based beverage company specializing in the development, production and distribution of craft soft drinks, mixers and functional beverages that feature real ginger and other natural ingredients. The company’s flagship Reed’s Ginger Brew line includes Original, Extra and Stronger formulations, each brewed using fresh ginger root to deliver a balance of spicy flavor and perceived health benefits. Reed’s also markets a portfolio of craft sodas under the Virgil’s brand, offering varieties such as Root Beer, Craft Cola and Vanilla Cream Soda without artificial sweeteners or preservatives.

Founded in 1989 by Christopher J. Reed, the company has pursued a clean-label strategy, emphasizing simple ingredient lists and traditional brewing methods. In addition to its core sodas, Reed’s produces mixers designed for culinary and cocktail applications, catering to both retail and foodservice customers. Its products are distributed through a network of regional and national wholesalers, grocery chains, specialty retailers and on-premise establishments across North America.

Headquartered in Norwalk, Connecticut, Reed’s operates manufacturing facilities and partners with co-packers to support production scalability and seasonal demand fluctuations. The company’s supply chain focuses on sourcing high-quality ingredients, including ethically harvested ginger, cane sugar and natural fruit extracts. Reed’s has also explored international export opportunities, selectively entering markets in Europe and Asia where consumer interest in functional and craft beverages is growing.

Under the ongoing leadership of founder and CEO Christopher J. Reed, Reed’s continues to innovate within the health-oriented beverage segment, leveraging ginger’s historic reputation for digestive support and anti-inflammatory properties. The company is publicly traded on the OTC Markets under the symbol REED and remains focused on expanding brand awareness, enhancing distribution channels and introducing new product extensions that align with shifting consumer preferences for clean-label, specialty beverages.

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