Reed's Inc. Announces Record Revenues Increase 23% to $25 Million for 2011
January 24 2012 - 9:30AM
Marketwired
Reed's, Inc. (NASDAQ: REED), maker of the top-selling sodas in
natural food stores nationwide, announced today that annual
revenues increased 23% to more than $25 million for 2011. The
fourth quarter of 2011 marked the 9th consecutive quarter of
20%-plus growth.
Chris Reed, Founder, Chairman and CEO of Reed's Inc. stated,
"The revenue growth validates the outstanding marketplace
performance of our Reed's and Virgil's branded portfolio, which
have achieved a robust +22% case volume growth for full year 2011.
Due to the strength of our growing distribution system, we are
confident that momentum on our brands will continue into 2012. I am
truly excited by the continued growth our brands are experiencing
in all distribution and retail channels."
Chris Reed further states, "Private label continues to provide
incremental revenues that are reinvested to further fuel the growth
of our branded products. The private label strategy we implemented
has created advantageous circumstances with some of the largest
retailers in the US. Our private label capabilities have opened
doors, creating a 'win-win' foundation for building both our retail
partners' store brand business and Reed's portfolio of brands."
About Reed's, Inc. Reed's, Inc. makes the
top-selling natural sodas in the natural foods industry sold in
over 10,500 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. 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
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Press Relations Contact: Emily Straubel Email Contact
310.598.8948 www.reedsinc.com
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