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. (REED) generates a steady flow of company news through earnings releases, financing announcements, leadership updates and stock‑market related developments. As the owner of the Reed’s, Virgil’s and Flying Cauldron beverage brands, the company regularly reports on its progress in the natural and premium soft drink category, including ginger‑based beverages and craft sodas.
On this page, readers can follow REED news tied to quarterly and year‑to‑date financial results, where Reed’s discusses net sales, gross profit, operating expenses, liquidity and non‑GAAP metrics such as Modified EBITDA. These updates often include commentary on inventory actions, product portfolio optimization and changes in delivery, handling and marketing costs.
Reed’s also issues news about capital markets activity, such as private placements, underwritten public offerings of common stock and warrants, and its uplisting from the OTCQX Best Market to the NYSE American exchange. Related Form 8‑K filings and press releases describe how proceeds are intended to support growth initiatives, working capital and general corporate purposes.
Investors tracking REED can see organizational and governance developments, including corporate reorganizations, amendments to loan agreements, changes to bylaws, reverse stock split actions and the appointment or transition of key executives. Announcements introducing new leadership in marketing and operations provide additional context on the company’s commercial strategy and brand focus.
By reviewing the news feed for Reed’s, Inc., users can monitor how the company communicates its financial performance, financing decisions, strategic priorities and leadership changes over time. This page offers a centralized view of REED‑related headlines drawn from official press releases and SEC‑referenced announcements.
Reed’s, Inc. has announced a distribution partnership with Roundy’s Supermarket to launch its Hard Ginger Ale in over 100 stores across Wisconsin. This marks a significant expansion for Reed’s, a leader in handcrafted ginger beverages, owned by Kroger Co.. The Hard Ginger Ale, containing 5% ABV and 100 calories per can, is available in four flavors: Mango, Pineapple-Coconut, Cherry-Lime, and Watermelon-Strawberry. Norman E. Snyder, CEO of Reed's, expressed excitement about the partnership, which could potentially pave the way for broader distribution within Kroger's network.
Reed’s, Inc. (OTCQX: REED) announced the appointment of Joann Tinnelly as Interim Chief Financial Officer effective March 31, 2023, following the resignation of Tom Spisak, which was not due to any disagreements. Tinnelly, a Certified Public Accountant with over 30 years of experience and previously Interim CFO in 2019, is expected to lead the finance team during this transition. Norman E. Snyder, CEO, expressed confidence in Tinnelly's leadership. Reed’s is renowned for its handcrafted, natural ginger beverages and has expanded into the zero-sugar segment with proprietary sweetener systems.
Reed's, Inc. (OTCQX: REED) reported a record net sales growth of 18% to $15.0 million in Q4 2022. Gross profit rose 32% to $3.4 million with an improved gross margin of 23%. Operating expenses decreased by 10%, reflecting effective cost management. For FY 2022, net sales increased 7% to $53.0 million, though gross profit fell to $12.1 million. Management highlighted a successful expansion in distribution and anticipates double-digit revenue growth along with profitability in modified EBITDA by mid-2023. Despite past macroeconomic challenges, the firm is set for a positive trajectory with enhanced operational efficiencies.
Reed's, Inc. (OTCQX: REED), a leader in handcrafted, natural ginger beverages, will announce its financial results for the three and twelve months ending December 31, 2022, in a conference call on March 29, 2023, at 5:00 p.m. Eastern. The call will include a Q&A session with management after the results are shared. Interested parties can participate by dialing (844) 850-0544 or (412) 542-4115 for international calls. A webcast option will be available for those who prefer online access, and the event will be recorded for later playback. Reed's aims to share its growth strategy and product innovations during the call.
Reed’s Products are Now Available in 500 Loblaws Stores Across Canada
Reed’s, Inc. has partnered with Loblaws Companies Limited to distribute its products in 500 locations across Canada. This agreement enhances Reed’s presence in the Canadian market, allowing consumers to access Reed’s Original Ginger Beer, Extra Ginger Beer, and various Virgil’s sodas in Loblaws' new craft soda section. CEO Norman E. Snyder expressed enthusiasm for the collaboration, highlighting Loblaws' commitment to high-quality, natural ingredients. The partnership targets health-focused consumers, promoting better-for-you beverage options.
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