The Alkaline Water Stock Price, News & Analysis

The Alkaline Water Company (NASDAQ: WTER) reported a remarkable 30% year-over-year sales growth for July. The company has identified approx. $15 million in cost-saving measures, targeting $10 million in savings for FY 2023 and an additional $5 million before FY 2024 ends. These measures aim to reduce cash burn by $15 million compared to FY 2022. Key savings come from reducing G&A and marketing expenses by $8 million and implementing $7 million in margin enhancements through various operational efficiencies.

The Alkaline Water Company (NASDAQ: WTER) announced that its Alkaline88® 3-Liter product will be available in approximately 600 convenience store locations across five Western states, including California, Arizona, Nevada, Washington, and Oregon, starting in August. This development is part of the company's broader strategy, as they continue to expand their retail presence, having added 8,400 new stores since the fiscal year began. The company expects a solid rollout supported by strong production infrastructure and distribution partners.

The Alkaline Water Company (NASDAQ: WTER) announced that its Alkaline88® 3-Liter product will be available in 600 locations of a major convenience store chain across California, Arizona, Nevada, Washington, and Oregon starting this August. This expansion is part of a broader plan that has already seen the company add 8,400 new stores in the current fiscal year. The company expects a strong rollout supported by its production infrastructure and distribution partnerships.

The Alkaline Water Company (NASDAQ: WTER) projects record revenue for Q1 FY2023, estimating between $16.4 million and $16.6 million, marking a double-digit year-over-year growth. The Company reaffirms its full fiscal year revenue guidance of $70 million. Recent cost-reduction initiatives are expected to yield $7 million in annual savings. CEO Frank Lazaran anticipates Q1 will be the best sales quarter ever, emphasizing commitment to both top-line growth and bottom-line profitability.

The Alkaline Water Company (NASDAQ: WTER) has announced an additional $2 million in annual expense reductions, bringing the total to $7 million through its pathway to profitability initiative. The company reported strong growth, adding over 8,400 new retail locations since April 1, and is close to achieving its goal of 10,000 new stores and SKU expansion in 15,000 existing retailers for fiscal year 2023. CEO Frank Lazaran emphasized the urgency to optimize infrastructure for sustainable growth, highlighting their commitment to accountability and improved margins.

The Alkaline Water Company (NASDAQ: WTER) announced a significant distribution expansion as over 6,000 stores of a Fortune 200 national discount retailer will carry its Alkaline88 1-liter product this summer. This increase boosts total nationwide distribution points and aligns with the company's target of adding over 10,000 new stores within the year. So far in Fiscal Year 2023, the company has successfully added over 8,400 new stores and expanded SKUs in over 14,000 existing locations. This strategic move aims to enhance brand presence and attract new customers.

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.