Reed's is evaluating financing alternatives to support the business going forward, interim CEO Neal Cohane said while announcing second-quarter results. Net sales fell roughly 20% to $7.5 million, and the group booked an EBITDA loss of $4 million versus a $5.7 million loss a year earlier. Gross profit reached $1.8 million compared to $0.8 million, with gross margin at 24% against 8% in the same period in 2025. As of June 30, the business had $9.2 million of debt, net of deferred financing fees. Cohane said write-offs declined materially as the group completed portfolio rationalisation by liquidating underperforming and non-strategic SKUs, and it regained shelf space and grew doors by re-engaging with retailers and restoring heritage glass bottle packaging.
Reed's, Inc.Net sales fell 20% and EBITDA loss widened, with the company evaluating financing alternatives due to debt.
