US: Reed's Inc Q3 sales rise
Reed's Inc has reported a strong rise in soft drinks sales in the third quarter of 2011 and expects momentum to continue.
Net sales rose by 18.5% to US$6.4m for the three months to the end of September, Reed's said yesterday (2 November). "This is our eighth quarter of double-digit revenue growth," said the US group's founder and CEO, Chris Reed.
"Our core brands are still the drivers for our growth," said Reed, who added that the firm's private label business continues to gather pace. "We anticipate continued strong growth for the foreseeable future," he said.
During the quarter, Reed's launched Virgil's Dr Better and Virgil's ZERO Dr Better. The group will hold a conference call for its full third-quarter results on 15 November.
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