Reed's Q3 2023 Earnings Report

Reed's EPS Results

• Actual EPS: -$0.34
• Consensus EPS: -$0.40
• Beat/Miss: Beat by +$0.06
• One Year Ago EPS: N/A

Reed's Revenue Results

• Actual Revenue: $11.86 million
• Expected Revenue: $15.38 million
• Beat/Miss: Missed by -$3.52 million
• YoY Revenue Growth: N/A

Reed's Announcement Details

• Quarter: Q3 2023
• Date: 11/9/2023
• Time: N/A

Reed's, Inc. engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas. It sells its products to natural food and gourmet retailers, grocery store chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants, as well as directly to consumers through www.drinkreeds.com. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001. Reed's, Inc. was founded in 1987 and is headquartered in Norwalk, Connecticut.