BeaconEquity.com announces the publication of an article covering Reed's financial report for 2008, including a 68% gross profit increase and an increase in sales of 17%.
Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m
In the article the author writes:
“Los Angeles, California-based Reed's recently announced its financial results for the year ending December 31, 2008. Highlighting its nationwide market penetration strategy, the company posted record revenue and a 68% gross profit increase to $3.4 million. … According to founder and CEO Chris Reed, the company's success in natural foods is transitioning to the mainstream and it is showing in their financial results.”
Reed’s fiscal 2008 net sales increase by 17%, with an anticipated gross profit of 20% to 40% in 2009:
“For its fiscal 2008, net sales increased 17% to $15.3 million compared to 2007 while the company implemented cost cutting initiatives during 2008 that decreased operating expenses (OPEX) from $2.5 million in the first quarter to $1.4 million in the fourth quarter. … Looking forward, the company anticipates gross profit of 20% to 40% in 2009. Also, Reed's expects further reduction in operating expenses of $2.5 million for full year 2009 and operating cash flow of breakeven by the end of the year.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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