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An update from Reed’s ( (REED) ) is now available.
Reed’s, Inc. reported its financial results for the fourth quarter and full year of 2024, showing a decrease in net sales but a significant increase in gross profit and margin due to one-time charges in the previous year. The company improved its operating loss and reduced delivery costs, while also securing new distribution deals with major retailers. Reed’s strengthened its leadership team and plans to expand its product portfolio in 2025, aiming for growth and profitability with a solid financial foundation.
More about Reed’s
Reed’s, Inc. is a leader in the craft beverage industry, known for its premium, naturally bold ginger-based beverages under the Reed’s, Virgil’s, and Flying Cauldron brand names. The company offers a range of products including ginger beers, ginger ales, and craft sodas, and has expanded into the zero-sugar segment. Reed’s products are available in over 45,000 stores nationwide.
YTD Price Performance: 100.0%
Average Trading Volume: 5,620
Technical Sentiment Signal: Buy
Current Market Cap: $64.43M
Learn more about REED stock on TipRanks’ Stock Analysis page.