Eastside Reports Third Quarter 2018 Financial Results

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Go back to Eastside Reports Third Quarter 2018 Financial Results

Eastside Distilling, Inc. (EAST) Reports Q3 Loss of $0.42

November 14, 2018 8:04 AM EST

Eastside Distilling, Inc. (NASDAQ: EAST) reported Q3 EPS of ($0.42), versus $0.00 reported last year. Revenue for the quarter came in at $1.7 million versus the consensus estimate of $1.63 million.

Grover Wickersham, Chairman and CEO of Eastside Distilling, commented, We continued to make strong progress with the roll-out of our Redneck Riviera Whiskey product, with year-to-date results significantly surpassing our original expectations. During the quarter, we made strong headway with a number of chain accounts, including new authorizations or launches in key stores, including Walmart, Winn-Dixie, Albertsons, Safeway, Jewel-Osco, and Binnys, amongst others. We... More