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.
I'd rather be playing craps...
