Reed’s has narrowed its net losses for the first quarter boosted by private label and branded product sales.

For the three months to the end of March, the firm made a net loss of US$273m compared to a net loss of $498m in the prior year period.

First quarter sales increased 17% to reach $4m, while EBITDA reached $172m from a loss of $159m in the comparable period of 2009.

“The first quarter is usually the weakest, but the fact that the company was EBITDA positive makes it clear to us that we have moved into profitability,” said company founder and CEO Chris Reed today (11 May). “Our strategic plans are unfolding and are boosted by the improving economy.”

He added: “In the first quarter, revenues from our existing brands provided a solid base while our new branded products and private label sales took us to a 17% sales increase over last year, with higher margins.”

In March, Reed’s signed a letter of intent to merge with Jones Soda, which was later terminated in order for Jones to explore an “unsolicited, nonbinding transaction proposal” submitted by a third party.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now