Reed’s Reports Second Quarter 2026 Results

NORWALK, Conn., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Reed’s, Inc. (NYSE American: REED) (“Reed’s” or the “Company”), owner of the nation’s leading portfolio of handcrafted, natural ginger beverages, today announced financial results for the three and six months ended June 30, 2026.

Q2 2026 Financial Highlights (vs. Q2 2025): * Net sales were $7.5 million compared to $9.5 million. * Gross profit was $1.8 million compared to $0.8 million, with gross margin of 24% compared to 8%. * Delivery and handling expenses were $2.54 per case compared to $2.95 per case. * Selling, general and administrative expenses were $4.7 million compared to $5.0 million. * Net loss was $4.3 million compared to $6.0 million. * EBITDA(1) loss was $4.0 million compared to $5.7 million. Neal Cohane, Reed's interim CEO, stated, "We are seeing early traction from the corrective actions we took earlier this year, with sequential improvement in net sales, gross margin and overall operating performance. During the quarter, we prioritized our efforts on reengaging key retail and distribution partners, regaining shelf space, increasing doors, restoring our heritage glass bottle packaging, tightening inventory controls, and continuing cost reduction efforts."