Nearly uneventful quarter at the Nonalcoholic Beverages company in the most recent fiscal period

Reed S Inc, a company within the Consumer Non Cyclical sector, experienced a decline in revenue and a growing deficit in their most recent fiscal period. The company's revenue decreased by 1.003% to $11.16 million, and the shortfall per share was at $-1.70, which is a significant deterioration compared to the shortfall per share achieved in the previous year's quarter, which was $-0.03 per share. From the prior quarter, the situation has worsened, with the advanced shortfall from $-0.03 per share and revenue dropping by 7.748% from $12.09 million.
In specific figures, Reed S Inc's net shortfall in the latest fiscal period was $-4.357 million, which is more than the $-3.141 million recorded a year before. The poor financial performance has led to a negative return on assets (ROA) of -58.85%, resulting in a cumulative net loss of $-18 million over the past 12 months ending in the first quarter of 2023.

Reed S Inc 's Revenue per Employee

Reed S Inc 's Operating Margin

Construction spending rebounded in March 2023

Outlays for U.S. construction projects increased again after dipping in the last month, as decline in residential construction offset an increase in nonresidential construction.

Construction spending by category

Growth in construction outlays

In March 2023 growth in Consumer Prices moderates

CPI contunued to grow in March 2023 but on the smaller pace than in the two previous months, as a decline in energy costs didn't immediately filter through the rest of the economy.

Economy gains 236,000 jobs, unemployment rate 3.5 %

The nonfarm payrolls grew 236,000 in March, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending,

March housing starts fell by -0.8 %

The construction of new homes, as well as the issuance of new building permits declined in March, following very solid February report.