March 26/Los Angeles/Marketwire -- Reed's Inc. announced the financial results for its fiscal year ending December 31, 2011. Revenues increased to over $25 million in 2011, a 23% increase from 2010. The overall revenue increase of $4.6 million was derived from a $3.3 million increase in branded business and $1.3 million increase in private label business.
The company’s top 10 branded SKUs, which drive almost 70% of its business, grew more than 24% in 2011. Overall, gross profit of 30% remained the same vs. 2010, despite cost increase pressures in 2011.