The Alkaline Water Stock Price, News & Analysis

The Alkaline Water Company (NASDAQ: WTER) announced an expansion of its Alkaline88® product line at Sprouts Farmers Markets, adding a 750ml aluminum bottle and a 1-liter six-pack to 380 locations across 23 states starting this February. This move aims to increase brand visibility and attract more shoppers, benefiting from Sprouts' reputation for fresh and organic products. The company's 1-gallon product is already a best-seller at these locations. Additionally, this product expansion is a precursor to further significant retail growth planned for the upcoming months.

The Alkaline Water Company (NASDAQ: WTER) has announced the addition of two new direct-store-delivery (DSD) partners, C&M Sales and Alber & Leff Foods Company, expanding its coverage to fourteen states. This strategic move aims to enhance sales in regional grocery chains and secure shelf space in 150,000 convenience stores nationwide. Over the past year, Alkaline88® has achieved a year-over-year sales growth that is nearly 11 times greater than the overall category in convenience stores. The company plans to pursue more DSD partnerships to align with its growth objectives.

The Alkaline Water Company (NASDAQ: WTER) announces its Alkaline88® products are now available in Gold’s Gyms across Texas, Oklahoma, and the Carolinas, representing a quarter of the gym’s locations in the U.S. The products include a 700ML sports cap bottle, a 1-liter, and a 1-gallon option, all promoting healthy hydration. CEO Frank Lazaran expressed enthusiasm for their brand's alignment with health-conscious consumers and indicated plans for further expansion in more Gold’s Gyms.

The Alkaline Water Company (NASDAQ: WTER) has commenced in-store sales of its Alkaline88® Sport drink at over 250 Harris Teeter locations across seven South Atlantic states and Washington, D.C.

This follows a successful e-commerce launch earlier this year. The drink features all-natural ingredients, zero calories, preservatives, or sugar, and is available in four flavors. The company aims to establish Alkaline88® Sport as a significant player in the sports drink market.

The Alkaline Water Company (NASDAQ: WTER) has appointed David Rauch to its Board of Directors, effective November 16, 2022. Mr. Rauch, an experienced business and franchise attorney, will also serve on the audit and compensation committees. His expertise is anticipated to provide valuable insights during a critical growth period for the company and its Alkaline88® brand. Chairman Aaron Keay praised Rauch’s extensive background, highlighting the potential benefits of his fresh perspectives as the company navigates its strategic execution and expansion plans.

The Alkaline Water Company (WTER) reported record revenue of $19.6 million for Q2 FY2023, marking a 28.3% increase year-over-year. Operating expenses decreased by $5.7 million, reflecting a 37% improvement. The company identified potential additional cost-savings of $5 million, bringing total estimated savings to $20 million. Despite a net loss of $8.4 million, this showed a $2 million improvement from the previous year. The company maintains a revenue guidance of $70 million for the fiscal year.

The Alkaline Water Company (NASDAQ: WTER) has identified $5 million in additional savings, bringing the total estimated savings to approximately $20 million for fiscal years 2023 and 2024 compared to fiscal 2022. The company anticipates reporting record revenue of about $19.6 million for Q2 fiscal 2023. CEO Frank Lazaran stated that these measures are part of their ongoing Pathway to Profitability efforts, aiming to enhance operational efficiency and achieve profitability in the long term.

The Alkaline Water Company announced its expected record revenue of approximately $19.6 million for Q2 FY2023, reflecting a 28% year-over-year increase. The growth is attributed to a significant rise in consumer demand, with Alkaline88® sales increasing by 36.6% over the past year, surpassing the overall Value-Added Water category growth. The company plans to disclose full results on November 14, 2022, followed by a call on November 15, 2022.

The Alkaline Water Company (NASDAQ: WTER) has announced purchase orders for its Alkaline88 1-liter 12 Pack and 16-ounce aluminum bottles from Big Lots, enhancing its retail presence in approximately 1,400 locations across 47 states. The products are expected to be available before year-end. CEO Frank Lazaran emphasized the opportunity to attract new customers and highlighted that Alkaline88 is the 8th largest value-added water brand, growing rapidly in the alkaline water segment. The company aims to expand its distribution beyond traditional grocery channels.