Reed’s has reported a healthy rise in sales for the final quarter of 2009.
The California-based soft drinks company said yesterday (14 January) that sales in the three-month period recorded a rise of around 21% on the corresponding period a year earlier.
“The strong performance of our brands, along with contribution from our Sonoma Sparkler acquisition and our newly-launched private label business are helping to propel the business back into a growth mode,” said company chairman and CEO, Chris Reed.
“Our business will continue to benefit by a recovering economy and our new product lines. The private label business is opening new sales channels with some of the largest retailers in the country. These new relationships are benefiting our branded business as well.”
Reed’s is expected to announce its full results for 2009 in March.
Back in August, Reed’s posted a rise in losses in its second quarter of the year.
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