Reed's, Inc. Provides Preliminary Unaudited Revenue Guidance for the Fourth Quarter and Full Year 2020 Ended December 31, 2020
January 13, 2021 at 07:00 am
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Reed's, Inc. provided preliminary unaudited revenue guidance for the fourth quarter and full year 2020 ended December 31, 2020. The company
anticipates nets sales for the fourth quarter of 2020 to be approximately $10.3 million, representing growth of 44% year-over-year and 22% sequentially over the previous quarter.
For the full year of 2020, the company anticipates net sales to be approximately $41.3 million, a increase of 22% compared to $33.8 million for the full year of 2019. These figures are preliminary and unaudited, and actual revenues may differ.
Reedâs, Inc. owns a portfolio of handcrafted, natural beverages, which sells in over 45,000 outlets nationwide. These outlets include the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The Company provides craft beverages under the Reedâs, Virgilâs, and Flying Cauldron brand names. Reedâs portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales. The Virgil's brand offers an array of flavored sodas, including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in six zero-sugar varieties. Flying Cauldron is a non-alcoholic butterscotch beer. Reedâs Craft Ginger Beer line includes varieties with a mix of bottles and cans, including Reedâs Original Ginger Beer, Reedâs Premium Ginger Beer, Reedâs Extra Ginger Beer, Reedâs Strongest Ginger Beer, and others.
REED'S, INC. 
