Reeds
Food & Beverage · Connecticut, United States · 11-50 Employees
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Overview
Headquarters
201 Merritt 7, Norwalk, Connecticut, 068...Phone Number
(203) 890-0557Website
investor.reedsinc.comRevenue
$36.3 MillionStock Symbol
REEDIndustry
ZI Rank: 1
Signal Type
Feb
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ZI Rank
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About Reeds
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.Explore more
Popular SearchesReeds IncSIC Code 20,208NAICS Code 31,312Ticker OTC: REEDShow more
Reeds Org Chart
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Company Profile Activity
Activity Insights
Reeds is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
Reeds is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Reeds.
Most Recent Scoops
Project
Reeds has implemented measures to streamline its distribution network, reduce input costs, and improve its supply chain. These efforts have resulted in continued gross margin improvement, currently in the low to mid 30% range quarter to date, driven by the optimization of ginger beer formulation, better pricing on key materials, and supply chain improvement.
Business Finance, Finance, Operations
Project
Reeds is transitioning from glass bottles to cans at key retail partners, including Whole Foods and H-E-B, to improve delivery and handling costs and lower price points for consumers. The company has secured commitments to expand its assortment into 2025, including a new ready-to-drink classic mule set to launch in Costco clubs across Los Angeles and Hawaii starting in late April 2025.
Retail/Store Systems, Product Development, Food & Beverage
Earnings
reported mixed results in recent sales data, with 8% dollar sales and 13% unit sales growth in the U.S. natural expanded channel during the four weeks ending February 23rd, 2025. The company continues to see momentum in ginger ale and benefits from the transition from glass to cans with ginger beer, while Virgil's sales are lagging due to the ongoing glass-to-can transition for the full sugar line.
Earnings, Sales, Food & Beverage, Finance
Earnings
Reeds has announced that its four-pack Reed's Ginger Ale is now the number one ranked SKU in dollar sales within the Expanded Natural Channel over the latest 52 weeks ending February 23rd, 2025, generating $1.9 million in sales with a 6% market share. Virgil's handcrafted cans have been added to NCG, Infra, Smart and Final, Harris Teeter, Giant Eagles, Stop and Shop, with an expanded sort bit launching in Sprouts, bringing an additional 3,000 points of distribution in 2025.
Earnings, Retail/Store Systems, Food & Beverage, Finance
Earnings
Earnings, Accounting, Financial Reporting, Business Finance, Finance
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Frequently Asked Questions Regarding Reeds
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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 s... Read More
