The Alkaline Water Stock Price, News & Analysis

The Alkaline Water Company Inc. (NASDAQ: WTER) has announced the strategic placement of its Alkaline88® 3-Liter product in the cold vaults of a top-ten convenience store chain across five states: California, Arizona, Nevada, Washington, and Oregon. This initiative will cover approximately 600 locations, enhancing visibility and accessibility for consumers seeking chilled alkaline water during the warm summer months. President and CEO Frank Chessman stated that this move is part of the company’s ongoing commitment to expand its presence in the convenience retail sector. The resets will be completed by July, aiming to make Alkaline88 a convenient grab-and-go option for summer commuters.

The Alkaline Water Company (NASDAQ: WTER) reported strong growth for the fiscal year 2023, ending March 31. The company expanded its distribution, adding products to over 11,000 new stores and enhancing offerings in 33,000 existing locations. Revenue increased by 29% year-over-year, and operating expenses and net loss improved by 33% and 30%, respectively. Alkaline88® retail sales surged with a year-over-year growth of 19.5%, significantly surpassing the category average. CEO Frank Chessman highlighted the brand's resilience amid economic challenges and a commitment to achieving profitability.

The Alkaline Water Company (NASDAQ: WTER) announced a significant expansion of its Alkaline88® brand, adding 1,141 new distribution points within The Kroger Co. across the United States, including 130 Fred Meyer locations. This nationwide distribution is expected to be completed by late April. Alkaline88® ranks as the best-selling bulk-sized enhanced water in the country, with its 1-Gallon product ranking 7th best out of the top-100 value-added-water SKUs based on sales per distribution point. The expansion is anticipated to enhance the company’s market presence and sales performance significantly.

The Alkaline Water Company (NASDAQ: WTER) has announced a 15-for-1 reverse stock split effective April 5, 2023, to comply with Nasdaq's minimum bid price of $1.00. The authorized shares will decrease from 200 million to 13.33 million, while the outstanding shares will drop from approximately 152 million to about 10.14 million. The reverse split aims to increase the per-share trading price, thereby maintaining the company's Nasdaq listing. Stockholders with electronic shares need not take action, while physical certificate holders will receive further instructions from the transfer agent.

The Alkaline Water Company (NASDAQ: WTER) has achieved nationwide distribution for its flagship Alkaline88® 1-Gallon product in all Whole Foods Market locations, expanding to 514 stores across 11 divisions. This recent rollout adds 306 stores, enhancing accessibility for organic food shoppers. Known as the top-selling bulk enhanced water product, Alkaline88's growth reflects strong performance in the natural grocery channel. The company's strategy focuses on ongoing brand expansion and cost-effective growth opportunities, aligning with its Pathway to Profitability.