Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Reed’s ( (REED) ) just unveiled an update.
Reed’s, Inc., a leading ginger beverage producer, reported a challenging third quarter in 2024 with net sales dropping to $6.8 million from $11.9 million the previous year, impacted by credit and inventory issues. Despite financial hurdles, Reed’s secured a $10 million credit facility and restructured secured notes through its majority stockholder, aiming to enhance liquidity and inventory levels. The company is optimistic about leveraging these strategic moves to overcome production challenges and drive future growth.
See more insights into REED stock on TipRanks’ Stock Analysis page.
