Welcome to our dedicated page for The Alkaline Water news (Ticker: WTER), a resource for investors and traders seeking the latest updates and insights on The Alkaline Water stock.
The Alkaline Water Company reports developments around its premium alkaline water business and flagship Alkaline88® brand. News commonly covers production readiness, sales coverage, and distribution activity for alkaline water products, including regional market relaunches such as Southern California.
Company updates also address capital-structure actions, Regulation A financing activity, debt cancellations, reverse stock split implementation, board appointments, and governance initiatives tied to the OTC-traded WTER common stock.
The Alkaline Water Company reported record revenue of $60.6 million for fiscal year 2022, marking a notable 32% year-over-year growth. This growth is the highest since FY2019. The company issued a revenue guidance of $70 million for FY2023 and aims for a pathway to profitability, identifying potential annual expense reductions of $4.5-$5 million. Despite the strong revenue, the company incurred a net loss of $39.4 million with an EPS of ($0.40). Management remains optimistic about ongoing growth and expansion.
The Alkaline Water Company (NASDAQ: WTER) announced a teleconference for investors and analysts on July 15, 2022, at 8:45 AM ET to discuss its financial results for the fiscal year ending March 31, 2022. The call will be hosted by CEO Frank Lazaran and CFO David Guarino, covering operational and financial highlights along with an outlook for fiscal year 2023. The press release detailing the financial results will be made public on July 14, 2022, and available on their website.
The Alkaline Water Company (NASDAQ: WTER) has identified approximately $4.5-$5 million in potential annual expense reductions and margin enhancements as part of its plan to achieve profitability. The company aims to drive topline sales in fiscal 2023 through new-store expansion and organic growth despite economic challenges. Key cost-saving strategies include adding strategic copacking partners, increasing operational efficiencies, and evaluating overall company structure. The management plans to provide updates and guidance in its upcoming earnings call on July 14, 2022.
The Alkaline Water Company (NASDAQ: WTER) announces the expansion of its Alkaline88® offerings, with over 2,300 Rite Aid stores now stocking its 2-liter product. This new addition complements the existing 1-gallon size already available, enhancing brand accessibility across 17 states. CEO Frank Lazaran noted that this expansion aligns with the increasing demand for their products, indicating potential topline growth and an improving bottom line due to optimized production and distribution strategies.
The Alkaline Water Company (NASDAQ: WTER) has commenced production at the Century Springs facility in Wauwatosa, Wisconsin. This new plant will enhance the production capacity of Alkaline88 while reducing freight costs and environmental impact. CEO Frank Lazaran highlighted significant growth potential in the Midwest market. The company aims to offset rising costs through optimizing raw material sourcing and copacking partnerships, pursuing a strategy focused on revenue growth and a path to profitability.
The Alkaline Water Company (NASDAQ: WTER) announced that its flagship product, Alkaline88, achieved record sales at the 2022 KeHE Holiday Show, ranking as the top-selling brand. The event, held from June 9-21, 2022 in Chicago, brought significant orders from over 150 natural grocery buyers, indicating strong demand. Alkaline88, marketed as a health-conscious product, continues to expand within the natural grocery channel, solidifying its status as a leading enhanced water brand.
The Alkaline Water Company (NASDAQ: WTER) announces a new Direct-Store-Delivery (DSD) partnership with Heidelberg Distributing in Ohio and Kentucky. This collaboration aims to enhance brand presence and drive growth, targeting a market of approximately 16 million consumers.
With Heidelberg's extensive distribution network serving around 26,000 retailers, the partnership is expected to yield immediate results as Alkaline88® expands its footprint. The company also plans to open a new co-packing facility in the region, further optimizing production and distribution.
The Alkaline Water Company (WTER) has announced that its Alkaline88® products will be available at Army & Air Force Exchange Service locations globally. This partnership allows millions of active-duty military and veterans to purchase Alkaline88® while supporting the Exchange's mission of enhancing military quality of life. Frank Lazaran, CEO, emphasized the long-term efforts to secure this collaboration, aided by celebrity partner Shaquille O’Neal. The Exchange serves over 33 million customers worldwide, reinforcing the company’s market presence in the military community.
The Alkaline Water Company Inc. (NASDAQ: WTER) has appointed Frank Lazaran as its new Chief Executive Officer, following the resignation of Richard Wright. Lazaran, a retail food veteran with over 40 years of experience, previously led Marsh Supermarkets and Winn-Dixie Stores. The Company aims to enhance profitability and optimize operations under Lazaran's leadership, focusing on growth in the Alkaline88 brand. The transition is expected to align with the Company's strategy for continued expansion and financial guidance for the next fiscal year.
The Alkaline Water Company (NASDAQ: WTER) announced its Alkaline88 1-Liter 12-pack will be available in approximately 8,000 locations across the nation, coinciding with a summer promotion at the largest drugstore chain. This addition marks the fourth Alkaline88 SKU offered by the chain, enhancing customer options. According to Nielsen data, Alkaline88 saw a significant growth of 39.7% in dollar volume year-over-year, outpacing its category. The product will be prominently featured in retail outlets, aiming to capitalize on summer consumer demand.