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Reed's (REED)
:REED
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.11Last Year’s EPS
-2.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: -28.80%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook for Reed's. While there were significant challenges such as a decline in sales and gross profit, the company made strategic moves to secure financing and expand distribution, with positive developments in new products and e-commerce growth.Company Guidance
During Reed's Q3 2024 earnings call, CEO Norman Snyder highlighted several key metrics and strategic initiatives aimed at overcoming recent challenges and positioning the company for growth. The company experienced a significant impact on net sales, which were reduced by over $4 million due to production limitations and short shipments, with Q3 net sales totaling $6.8 million compared to $11.9 million in the previous year. In response, Reed's secured a $10 million revolving credit facility to address liquidity constraints and enhance inventory levels. The company is focusing on expanding its product lines, including a new better-for-you beverage line expected to launch early next year, and has amassed over 5,000 new points of distribution, with significant authorizations from major retailers such as Safeway Albertsons, Giant Eagle, and Harris Teeter. Despite a challenging quarter with an operating loss of $3.1 million and a modified EBITDA loss of $3 million, Reed's is optimistic about its strategic actions to improve its balance sheet and meet growing consumer demand, particularly in the high-growth functional beverage category.Introduction of New Product Line
Reed's is in the final phases of developing a new line of better-for-you beverages featuring organic ginger, adaptogens, and lower calorie and sugar content. The feedback from key retailers has been positive, and the company plans to launch this line early next year.
Expansion of Distribution Points
Reed's has gained over 5,000 new points of distribution through retailers like Safeway Albertsons, Giant Eagle, and Cracker Barrel, which is expected to propel growth into 2025.
New Financing Secured
The company secured a $10 million revolving credit facility with Whitebox, expected to alleviate production challenges and allow Reed's to build inventory levels to meet demand.
E-Commerce Channel Growth
E-commerce sales have exceeded $70,000 per month for the past two months, with projections to generate over $1 million in 2025.
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REED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | $1.25 | $1.12 | -10.40% |
| Aug 13, 2024 | $1.42 | $1.52 | +7.04% |
| May 14, 2024 | $1.52 | $1.51 | -0.66% |
| Mar 28, 2024 | $1.63 | $1.58 | -3.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Reed's (REED) report earnings?
Reed's (REED) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Reed's (REED) earnings time?
Reed's (REED) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REED EPS forecast?
REED EPS forecast for the fiscal quarter 2024 (Q4) is -0.11.
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