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Reed's Inc. Announces Record Revenues Increase 23% to $25 Million for 2011
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in natural food stores nationwide, announced today that annual revenues increased 23% to more than $25 million for 2011. The fourth quarter of 2011 marked the 9th consecutive quarter of 20%-plus growth.
Chris Reed, Founder, Chairman and CEO of Reed's Inc. stated, "The revenue growth validates the outstanding marketplace performance of our Reed's and Virgil's branded portfolio, which have achieved a robust +22% case volume growth for full year 2011. Due to the strength of our growing distribution system, we are confident that momentum on our brands will continue into 2012. I am truly excited by the continued growth our brands are experiencing in all distribution and retail channels."
Chris Reed further states, "Private label continues to provide incremental revenues that are reinvested to further fuel the growth of our branded products. The private label strategy we implemented has created advantageous circumstances with some of the largest retailers in the US. Our private label capabilities have opened doors, creating a 'win-win' foundation for building both our retail partners' store brand business and Reed's portfolio of brands."
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.
Follow Reed's on Twitter at http://twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at https://www.facebook.com/ReedsGingerBrew
Press Relations Contact:
Emily Straubel
Email Contact
310.598.8948
www.reedsinc.com
SOURCE: Reed's, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=AD66476C02509AE3
http://www.reedsinc.com/
NICE! Another 20%+ increase in revenue! REEDs is on a roll!
Reed's Inc. Announces Record Revenues Increase 23% to $25 Million for 2011
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in natural food stores nationwide, announced today that annual revenues increased 23% to more than $25 million for 2011. The fourth quarter of 2011 marked the 9th consecutive quarter of 20%-plus growth.
Chris Reed, Founder, Chairman and CEO of Reed's Inc. stated, "The revenue growth validates the outstanding marketplace performance of our Reed's and Virgil's branded portfolio, which have achieved a robust +22% case volume growth for full year 2011. Due to the strength of our growing distribution system, we are confident that momentum on our brands will continue into 2012. I am truly excited by the continued growth our brands are experiencing in all distribution and retail channels."
Chris Reed further states, "Private label continues to provide incremental revenues that are reinvested to further fuel the growth of our branded products. The private label strategy we implemented has created advantageous circumstances with some of the largest retailers in the US. Our private label capabilities have opened doors, creating a 'win-win' foundation for building both our retail partners' store brand business and Reed's portfolio of brands."
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.
Follow Reed's on Twitter at http://twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at https://www.facebook.com/ReedsGingerBrew
Press Relations Contact:
Emily Straubel
Email Contact
310.598.8948
www.reedsinc.com
SOURCE: Reed's, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=AD66476C02509AE3
http://www.reedsinc.com/
Thanks MiamiGent! It's had a nice week...
Great product and amazing share structure!
$ 1.63 ?0.21 (14.79%) REED
http://investorshub.advfn.com/boards/board.aspx?board_id=8575
There we go!
Can't wait for the 10-K in mid-March! Should be an exciting next 2 months.
GO REEDS!
$ 1.63 ?0.21 (14.79%) REED
http://investorshub.advfn.com/boards/board.aspx?board_id=8575
There we go!
Can't wait for the 10-K in mid-March! Should be an exciting next 2 months.
GO REEDS!
$ 1.63 ?0.21 (14.79%) REED
http://investorshub.advfn.com/boards/board.aspx?board_id=8575
There we go!
Can't wait for the 10-K in mid-March! Should be an exciting next 2 months.
GO REEDS!
$ 1.63 ?0.21 (14.79%)
REED
There we go!
Can't wait for the 10-K in mid-March! Should be an exciting next 2 months.
GO REEDS!
Nice! No one can fault you for taking profits. However, I do believe this is a long play.
Exactly...
Even if a company bought it for just $25M, you would double your investment... 100% ROI... not bad.
And $25M is ridiculously low. Coke bought FUZE for around $250M. IF (big if) that size deal happens, you're talking about 20X...
SCAM POS?
Go to a grocery store and buy some Ginger Beer and then let's talk.
POS...up for debate...
SCAM... really?
Nice work... I've been slackin'
What's going on?
PARD $ 2.1395 ?-0.3605 (-14.42%)
Still think selling is tax based...?
No merger... all the hustle and bustle for nothing, uh....?
Agreed. Not only do I love the product, I also like the fact that there is <11M OS. Good times to come; think we'll just have to be patient...
You've got to be kidding me... that is amazing... what a story!
Seriously, you can't buy this type of entertainment. At least all the shareholders get some comic relief for their losses...
Reed's, Inc. Third Quarter Revenue Increases 18%
Released: 11/02/11 01:00 PM EDT
LOS ANGELES, CA -- (Marketwire) -- 11/02/11 -- 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.
Reed's, Inc. Third Quarter Revenue Increases 18%
Released: 11/02/11 01:00 PM EDT
LOS ANGELES, CA -- (Marketwire) -- 11/02/11 -- 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.
Reed's, Inc. Third Quarter Revenue Increases 18%
Released: 11/02/11 01:00 PM EDT
LOS ANGELES, CA -- (Marketwire) -- 11/02/11 -- 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.
Come on REED's... let's get moving!
Reed's, Inc. Third Quarter Revenue Increases 18%
Released: 11/02/11 01:00 PM EDT
LOS ANGELES, CA -- (Marketwire) -- 11/02/11 -- 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.
Wow, where did the volume go...? Is this even trading any more or is there a halt on trading?
Probably since they are still in the red... but getting closer... the next 10-K for this year will be interesting.
Over the last four years (2010 - 2007):
Diluted Normalized EPS -0.14 -0.21 -0.43 -0.7
LET'S GO BLACK REEDs!
Reeds, Inc. (NASDAQ:REED)
Launches new expansion with distribution
http://www.reuters.com/article/2011/09/20/idUS131570+20-Sep-2011+MW20110920
http://www.reedsinc.com/press/
Reeds, Inc. (NASDAQ:REED)
Launches new expansion with distribution
http://www.reuters.com/article/2011/09/20/idUS131570+20-Sep-2011+MW20110920
http://www.reedsinc.com/press/
Reed's, Inc. Launches Las Vegas Expansion With Johnson Brothers Distribution
More positive news! When is this gonna start moving?
What is with that $0.046 x 25000 that just hit? Ouch.
This is more great news!
Short Question:
So now we're waiting for the "scam issue" to be put to bed in order to get an increase in the SP? I don't know if it's a sound investment strategy to invest in a stock based on the hope that it will be proved "not a scam" in the future and cause the SP to "soar"...
I doubt it. Without the volume, this is gonna stay put in the current range. Needs to turn the net loss positive and gain some more attention... IMO
I really do love REED's sodas and support everything their trying to do; however, it's frustrating that we haven't seen any real movement in the stock even with all the good stuff going on.
Much obliged hedge
What is going on with the website? Both addresses listed in the iBox do not work... is there any explanation for this?
What do you mean by "ATM theory"?
Many companies do not pay cash dividends... Apple, Google, Berkshire Hathaway... but are still good investments. Cash dividends are not the only way to make money in the stock market.
Can you please point me to the right location? I've read through the PRs and still can't find the information.
Hey Surf - Do you have any idea what's going on today? Or why the break south mid-day? Can't find any news.
Crazy to look at the spread at the end of the day...100% difference!
Bid/Size
1.89 / 300
Ask/Size
3.57 / 100
I guess if it does end up going to $1.89, at least it will be a good time to pick up.