Natural soda maker Reed's reports fiscal Q3 revenues of US$6.4M, its eighth consecutive quarter of double-digit revenue growth
November 2, 2011
– Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in natural food stores nationwide, today announced its net sales for its third fiscal quarter ended September 30, 2011.
Revenues for the third quarter of 2011 increased to $6.4 million compared to $5.4 million in the third quarter of 2011.
"This is our eighth quarter of double-digit revenue growth," stated Chris Reed, Founder and CEO of Reed's, Inc. "Our core brands are still the drivers for our growth. During the quarter, we launched Virgil's Dr. Better and Virgil's ZERO Dr. Better. Private label continues to gather momentum. We anticipate continued strong growth for the foreseeable future."
The Company will conduct a conference call @ 4:15 EST on Tuesday, November 15th to discuss its 2011 third quarter results and outlook for the rest of 2011. To participate in the call, please dial the following number 5 to 10 minutes prior to the scheduled call time 1-877-283-1603. International Callers should dial 512-225-9559. The conference ID is 885913#. Conference Call will be recorded and be available on www.reedsinc.com.
About Reed's, Inc.
Reed's, Inc. makes the top selling natural sodas in the natural foods industry sold in over 10,500 natural food markets and supermarkets nationwide. Its six award-winning non-alcoholic Ginger Brews are unique in the beverage industry, being brewed, not manufactured and using fresh ginger, spices and fruits in a brewing process that predates commercial soft drinks. The Company owns the top selling root beer line in natural foods, the Virgil's Root Beer product line, and the top selling cola line in natural foods, the China Cola product line. Other product lines include: Reed's Ginger Candies and Reed's Ginger Ice Creams. In 2009, Reed's started producing private label natural beverages for select national chains.
Reed's products are sold through specialty gourmet and natural food stores, mainstream supermarket chains, retail stores and restaurants nationwide, and in Canada, as well as through private label relationships with major supermarket chains. For more information about Reed's, please visit the company's website at: http://www.reedsinc.com or call 800-99-REEDS.