Welcome to our dedicated page for Reeds news (Ticker: REED), a resource for investors and traders seeking the latest updates and insights on Reeds stock.
Reed’s, Inc. reports company developments for a branded beverage business built around handcrafted, natural ginger beverages and other craft beverage brands. Its updates commonly cover financial results, conference calls, distribution and channel initiatives, product and brand activity under the Reed’s, Virgil’s and Flying Cauldron names, and operating priorities such as sales execution, supply chain efficiency and margin improvement.
Reed’s news also includes governance and capital-structure actions, including executive appointments, board changes, public equity offerings and its completed listing on NYSE American. The company’s beverages are sold through national retail and food-service channels, including grocery, specialty, mass, drug, convenience, club and on-premise locations.
Reed’s, Inc. (Nasdaq: REED) announced plans to release its financial results for the third quarter ended September 30, 2021, on November 9, 2021, after market close. The senior management team will host a conference call at 4:30 PM ET for investors and analysts, providing insights into the company's performance. Reed's is a leader in all-natural beverages, with products sold in over 40,000 stores nationwide, including ginger beers and craft sodas. The company recently expanded into the zero sugar segment, appealing to health-conscious consumers.
Reed's Inc. (NASDAQ: REED) announces its sponsorship of The Wizard Run, a series of magical runs and virtual events. Kicking off on October 2 in Joplin, Missouri, the event includes a 1M and 5K run with augmented reality experiences. Participants will receive unique finisher medals and a race kit featuring an event t-shirt, a custom wand, and Flying Cauldron Butterscotch Beer. A sweepstakes offers a chance to win a year’s supply of Butterscotch Beer and a free entry to the run. This partnership aims to engage consumers and enhance brand visibility.
Reed's Inc. has launched its first-ever Halloween-themed product, the Boo Box, featuring four boxes of its Craft Ginger Chews. The limited-edition offering is designed to enhance the spooky season experience and is available exclusively on Reed's web store for $9.99. In addition, the company is reintroducing its Crystallized Ginger and improving its Craft Ginger Chews recipe. All products are made with real ginger and natural ingredients sourced from the South Pacific, highlighting Reed's commitment to quality.
Reed’s Inc. (Nasdaq:REED) reported a 4% increase in net sales to $11.3 million for Q2 2021, compared to $10.9 million in Q2 2020. The rise was driven by a 5% volume growth in the Reed’s brand and 13% for Virgil’s. Gross profit rose 9% to $3.3 million, improving gross margin to 29%. However, operating loss deepened to $3.7 million, with a net loss of $3.1 million, matching the loss per share of $0.03 from the previous year. The company reaffirmed its 2021 net sales growth guidance of 14% to 16%, while adjusting gross margin expectations down to 31%-32%.
Reed’s Inc. (Nasdaq: REED) plans to release its financial results for Q2 2021 on August 12, 2021, after market close. A conference call will follow at 4:30 p.m. ET for financial analysts and investors, accessible through Reed's investor website. The company, known for its handcrafted, all-natural beverages, operates under the Reed's, Virgil's, and Flying Cauldron brands and sells products in over 40,000 stores nationwide. Reed's is recognized as a leader in ginger-based drinks and has expanded into the zero sugar segment.
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Reed’s Inc. has launched its 'Real is Always Better' campaign to celebrate genuine ingredients as Americans return to regular summer activities. The campaign emphasizes that 60% of ginger ale drinkers prefer beverages made with real ginger. Reed’s REAL Ginger Ale™ contains 2000 milligrams of fresh ginger. The campaign will be prominent across Northeast summer hotspots and includes multimedia marketing strategies and a sampling initiative via the Reed’s Green Machine. Additionally, the company is hosting a sweepstakes to win a branded Moke™ vehicle.
Reed’s Inc. (NASDAQ: REED) announces the launch of two new flavors in its Really REAL Ginger Ale line: Shirley Tempting and Transfusion. These zero-sugar, all-natural mocktails are made with 2,000 mg of fresh ginger, catering to the growing consumer demand for healthier beverage options. Available in stores and online for $30 per 12-pack, they feature refreshing blends of cherry, pomegranate, and grape flavors. The introduction reflects Reed’s commitment to providing unique, flavorful options in the non-alcoholic market as summer approaches.
Reed's Inc. (NASDAQ: REED) is expanding its Virgil's™ Zero Sugar soda line with three new flavors: Grapefruit, Dr. Better, and Ginger Ale. These keto-certified beverages are crafted from natural ingredients and contain no artificial additives. The launch responds to consumer demand for healthier soda options, bringing the total to nine flavors in the Zero Sugar range. The new drinks will be available in select grocery stores and online this summer, further enhancing the brand's retail presence.
Reed’s Inc. (Nasdaq: REED) announces expanded distribution with Publix Super Markets, making its REALLY REAL Ginger Ale™ and Extra Ginger Beer available in over 1,100 locations across the Southeastern U.S. This initiative increases the brand's retail footprint and meets consumer demand for all-natural beverages. Additionally, Reed's has enhanced its distribution through the Anheuser Busch network in Florida. The company will promote its products at the Savor SoFlo Festival on June 5-6, emphasizing their all-natural offerings.