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Reed's, Inc.

Reed's, Inc. manufactures and distributes natural beverages in the United States and the Asia-Pacific region. Its product lines include Reed's craft ginger beer, Reed's real ginger ales, Reed's ready-to-drink beverages, Reed's functional soda, Flying Cauldron soda, and Virgil's handcrafted sodas. Products are sold to natural food and gourmet retailers, grocery chains, mass merchants, club stores, convenience and drug stores, liquor stores, industrial cafeterias, and on-premise bars and restaurants, as well as directly to consumers through its website, Amazon, and third-party e-commerce retailers. The company was formerly known as Original Beverage Corporation and changed its name to Reed's, Inc. in 2001; it was founded in 1987 and is headquartered in Norwalk, Connecticut.

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Reed's evaluating financing alternatives to support growth

Reed's is evaluating financing alternatives to support the business going forward, interim CEO Neal Cohane said while announcing second-quarter results. Net sales fell roughly 20% to $7.5 million, and the group booked an EBITDA loss of $4 million versus a $5.7 million loss a year earlier. Gross profit reached $1.8 million compared to $0.8 million, with gross margin at 24% against 8% in the same period in 2025. As of June 30, the business had $9.2 million of debt, net of deferred financing fees. Cohane said write-offs declined materially as the group completed portfolio rationalisation by liquidating underperforming and non-strategic SKUs, and it regained shelf space and grew doors by re-engaging with retailers and restoring heritage glass bottle packaging.
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Reed's targets gross margin expansion into mid-30% area

Reed's, Inc. reported second quarter 2026 net sales of $7.5 million, down from $9.5 million a year earlier, while gross margin improved to 24% from 8%. The company said corrective actions are taking hold, with net sales up 5% sequentially and selling, general and administrative expenses down 6% to $4.7 million. Net loss narrowed 29% to $4.3 million, or negative $0.36 per share, helped by lower inventory write-offs of $0.1 million versus $1.6 million in the prior year period. Interim CEO Neal Cohane said Reed's expects continued gross margin expansion into the mid-30% area over time, supported by strategic price increases, SKU rationalization, and a leaner inventory position of $7 million. As of June 30, 2026, the company had $2.4 million of cash and $9.2 million of total debt, and management said it is evaluating financing alternatives to support growth.
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Reed’s sets second quarter 2026 earnings call for August 12

Reed’s, Inc. has scheduled its second quarter 2026 conference call for Wednesday, August 12, 2026, at 8:30 a.m. Eastern time. The call will cover financial results for the three and six months ended June 30, 2026, with a press release issued beforehand. Management will host the call followed by a question-and-answer period, accessible via toll-free dial-in at (800) 717-1738, international dial-in at (646) 307-1865, conference ID 72811, or webcast on the investor relations section of the company’s website. Reed’s is the owner of a leading portfolio of handcrafted natural ginger beverages sold in over 32,000 stores nationwide under the Reed’s, Virgil’s, and Flying Cauldron brands.
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