Reed's Inc. 3rd Quarter 2012 Revenues Increase 23%
09 Novembro 2012 - 9:15PM
Marketwired
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in
natural food stores nationwide, today announced its revenues for
its third quarter ended September 30, 2012, and its earnings
release date of November 14, 2012.
Revenues for the third quarter of 2012 increased 23% to $7.9
million. Year to date revenues were $22.3 million, an increase of
26% from 2011.
"The third quarter continues to see our top line growth expand
at over 20% per quarter for the last three years. In addition, we
launched Reed's Culture Club Kombucha, which has become one of our
most successful product launches in company history. We spent
aggressively on the Kombucha launch and the start up costs have
resulted in minimal net income this quarter, however, we have still
maintained profitability. In 2012, our two big growth drivers for
the company were our branded and private label business. We have
now created a third, and possibly the strongest, growth driver in
our new line of Kombucha," stated Chris Reed, Founder and CEO.
The Company will conduct a conference call @ 4:15PM EST on
November 14th to discuss its 2012 third quarter results and outlook
for the future. To participate in the call, please dial the
following number 5 to 10 minutes prior to the scheduled call time
(866) 240-5139. International callers should dial (713)
481-0091.
A replay will be available within a few days after the meeting
in the investor relations section of the Company's website at:
http://www.reedsinc.com/investor-relations/.
About Reed's, Inc.
Reed's, Inc. makes the top-selling natural sodas in the natural
foods industry sold in over 13,000 natural food markets and
supermarkets nationwide. Its six award-winning non-alcoholic Ginger
Brews are unique in the beverage industry, being brewed, not
manufactured and using fresh ginger, spices and fruits in a brewing
process that predates commercial soft drinks. The Company owns the
top-selling root beer line in natural foods, the Virgil's Root Beer
product line, and the top-selling cola line in natural foods, the
China Cola product line. In 2012, the Company launched Reed's
Culture Club Kombucha line of organic live beverages. Other product
lines include: Reed's Ginger Candies and Reed's Ginger Ice Creams.
In 2009, Reed's started producing private label natural beverages
for select national chains. Reed's products are sold through
specialty gourmet and natural food stores, mainstream supermarket
chains, retail stores and restaurants nationwide, and in Canada, as
well as through private label relationships with major supermarket
chains.
For more information about Reed's, please visit the Company's
website at: http://www.reedsinc.com or call 800-99-REEDS.
Follow Reed's on Twitter at
http://twitter.com/reedsgingerbrew
Reed's Facebook Fan Page at
https://www.facebook.com/ReedsGingerBrew
SAFE HARBOR STATEMENT
Some portions of this press release, particularly those
describing Reed's goals and strategies, contain "forward-looking
statements." These forward-looking statements can generally be
identified as such because the context of the statement will
include words, such as "expects," "should," "believes,"
"anticipates" or words of similar import. Similarly, statements
that describe future plans, objectives or goals are also
forward-looking statements. While Reed's is working to achieve
those goals and strategies, actual results could differ materially
from those projected in the forward-looking statements as a result
of a number of risks and uncertainties. These risks and
uncertainties include difficulty in marketing its products and
services, maintaining and protecting brand recognition, the need
for significant capital, dependence on third party distributors,
dependence on third party brewers, increasing costs of fuel and
freight, protection of intellectual property, competition and other
factors, any of which could have an adverse effect on the business
plans of Reed's, its reputation in the industry or its expected
financial return from operations and results of operations. In
light of significant risks and uncertainties inherent in
forward-looking statements included herein, the inclusion of such
statements should not be regarded as a representation by Reed's
that they will achieve such forward-looking statements. For further
details and a discussion of these and other risks and
uncertainties, please see our most recent reports on Form 10-K and
Form 10-Q, as filed with the Securities and Exchange Commission, as
they may be amended from time to time. Reed's undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or
otherwise.
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Contact: Investor Relations Reed's, Inc. (310) 217-9400
ext. 18 Email: Email Contact www.reedsinc.com
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