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
Jan
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ZI Rank
4
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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 moreReeds Org Chart
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Founded In
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
Reeds News & Media
Reed’s Schedules First Quarter 2025 Conference Call for May 14 at 8:30 a.m. ET
NORWALK, Conn., April 30, 2025 (GLOBE NEWSWIRE) -- Reed’s, Inc. (OTCQX: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, will host a conference call on Wednesday, May 14, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the three months ended March 31, 2025. The Company’s results will be reported in a press release prior to the call.Reed’s Announces Leadership and Board Updates
CEO Norman E. Snyder, Jr. to Retire; Cyril Wallace Appointed as CEO and Director; Ruud Bakker also Joins Board of Directors CEO Norman E. Snyder, Jr. to Retire; Cyril Wallace Appointed as CEO and Director; Ruud Bakker also Joins Board of DirectorsCORRECTING and REPLACING: Reed’s Reports Fourth Quarter and Full Year 2024 Results
NORWALK, Conn., March 27, 2025 (GLOBE NEWSWIRE) -- The Company is issuing a corrected version of its fourth quarter and full year 2024 earnings press release to account for a $750,000 provision related to contract proceedings with a vendor, which impacted the previously reported selling, general and administrative expenses and operating loss. The corrected press release follows:Reed’s Reports Fourth Quarter and Full Year 2024 Results
Management to Host Conference Call Tomorrow at 8:30 a.m. Eastern Time Management to Host Conference Call Tomorrow at 8:30 a.m. Eastern Time
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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
