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 (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.
The Alkaline Water Company (NASDAQ: WTER) reports strong sales momentum for its Alkaline88 2-Liter bottle, now available in over 8,000 stores, including the upcoming launch at Stater Bros in Southern California. CEO Frank Lazaran highlights the product's popularity, aided by brand ambassador Shaquille O'Neal. The company anticipates additional national and regional chain partnerships in the next year, leveraging its strong return on trial and appealing shelf presence to attract more consumers.
The Alkaline Water Company (NASDAQ: WTER) has partnered with URM Stores, Inc., enhancing distribution for its Alkaline88® brand in the Pacific Northwest. The collaboration enables Alkaline88® access to over 100 grocery stores across four states, significantly extending its market presence. With Alkaline88® recognized as the best-selling bulk alkaline water in the U.S., the new distribution channel aims to cater to the growing demand for premium water products. The products will be available in mid-November.
The Alkaline Water Company (NASDAQ: WTER) announced its rapid expansion into over 220 clubs of the third-largest warehouse chain in the U.S., marking a significant milestone in its distribution strategy. Within 14 months, Alkaline88 has gained distribution in two of the three major wholesale club chains. The company’s 1-gallon four pack is now the best-selling bulk-size premium water product in the country. Strengthened production efforts are expected to improve freight costs and distribution efficiency, enhancing overall profitability.
The Alkaline Water Company (NASDAQ: WTER) announces its partnership as the exclusive water supplier for SHAQTOBERFEST, a Halloween event in Long Beach, CA. This collaboration aims to promote Alkaline88® products, available in eco-friendly aluminum bottles during the month-long festivities. The event features six Halloween-themed areas with games, live entertainment, and food, enhancing brand visibility in a strong market. With Shaquille O’Neal as a brand ambassador, this event is expected to introduce Alkaline88® to a broader audience while aligning with eco-friendly initiatives.
The Alkaline Water Company (NASDAQ: WTER) announces its Alkaline88® 1-Gallon 4 Pack will be available in fifteen Costco Business Centers nationwide. This partnership marks a significant growth opportunity for Alkaline88 in the club channel, benefiting from Costco's extensive membership base of over 110 million consumers. Initial orders are set to ship next week. The company continues to innovate in alkaline water production, offering a premium product with an 8.8 pH level and eco-friendly packaging. This launch is expected to enhance brand visibility and sales.
The Alkaline Water Company Inc. (NASDAQ: WTER) announces the launch of the Alkaline88® Shaq Paq in approximately 170 H-E-B stores in Texas, enhancing its retail presence. This new SKU, a 6-pack of 2-liter bottles developed in collaboration with celebrity ambassador Shaquille O’Neal, aims to meet growing consumer demand. The Shaq Paq will be available starting late September, joining existing Alkaline88 products already on H-E-B shelves. The company continues to expand its brand and product availability across national retailers.