Seattle, Washington, May 1 – Jones Soda Co. today announced results for the first quarter of 2008.
Finished goods case sales in our DSD and DTR channels increased 31% in the quarter compared to the same period of 2007.
Finished goods case sales of Jones branded products in the CSD channels increased 195% in the quarter compared to the same quarter of 2007.
Gross revenues increased 11.8% to $10.4 million for the quarter ended March 31, 2008 compared to $9.3 million in the same period of the prior year.
Stephen Jones, Chief Executive Officer stated, “During the first quarter we executed several important initiatives as part of our ongoing strategy to transition to a mainstream beverage company and improve our execution across the board. These included upgrading our distribution infrastructure in several key markets, enhancing our in-store merchandising materials, and developing more comprehensive and effective marketing and promotional programs. At the same time, we continued to strengthen our senior management team and began implementing new systems and procedures aimed at improving the Company’s overall performance. We are disappointed in our bottom line results. That said, we believe the investments we are making in our business are helping drive increased demand for our products, as evidenced by the growth in case sales of finished goods shipped by us and National Beverage in the first quarter compared to the same period a year ago.”