Reed's: Gains as higher demand for natural beverages boosts sales

Reed'S

13/01/2021 13:33

** Shares of ginger beer maker  REED.O  rise 3% to $0.78
premarket; set to gain for six of the eight sessions this year
    ** Says its preliminary Q4 net sales rose 44% to $10.3 mln,
helped by higher demand for its natural beverages  urn:newsml:reuters.com:*:nGNX9FPSFt
    ** REED sees 2020 sales rising by 22% to $41.3 mln, above
top end of its prior outlook of $40.1 mln to $40.3 mln
    ** REED said in November it expects 2021 sales in range of
$45.8 mln to $46.6 mln  urn:newsml:reuters.com:*:nGNX6g8D1t
    ** Up to Tuesday's close, stock had risen 29% this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))