Reed’s Inc. (NASDAQ: REED) Expand Distribution With Publix Super Markets And Releases Q1 2021 Results

Reed’s Inc. (NASDAQ: REED) is expanding its distribution with Publix Super Markets, with the retailer commencing the offering of the company’s leading REALLY REAL Ginger Ale and Extra Ginger Beer. 

Reed’s expands distribution with Publix Super Markets 

Currently, Reed’s all-natural beverages are available in more than 1,100 Publix Super Markets in the southeast region of the US. In addition, Reed’s, which is the number one ginger company in the US, offers fantastic better-for-you alternatives to customers with REAL ginger. Besides the company expanding its footprint with Publix Super Markets, it has also increased Virgil’s availability to more than 900 locations with bold flavor options.

Reed’s CEO Norman E. Snyder said, “As we continue to grow our partnership with Publix Super Markets, we’re excited to heighten access in the supermarket channel for Reed’s and Virgil’s. Consumers and retailers alike are seeking more all-natural beverage alternatives, and our distribution momentum continues to meet that demand.”

At the back of the company’s expanded retail with Publix in the Southeast, the company has also been growing its distribution with the Anheuser Busch distribution chain to enhances the presence of its drinks in Florida. 

Reed’s report Q1 2021 results 

Recently the company announced its Q1 2021 financial results in which net sales were up 28% to $12.1 million from $9.5 million a year ago. The increase reflects the volume growth of Reed’s and Virgil’s impact and the contribution of the recently launched Reed’s Real Ginger Ale products. In addition, gross sales from core brands were up 27% YoY, driven by volume growth of 37% for Reed’s brand and 29% for Virgil’s brand. 

Synder said, “Strong momentum continued throughout the first quarter as net sales increased by 28% to over $12 million, the highest quarterly level in Company history. Demand remained broad based and our increase in net sales was largely reflective of volume gains across existing and new customer.”