The Alkaline Water Stock Price, News & Analysis

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.

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.