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The Alkaline Water Company Inc. (symbol: WTER) is a leading producer, distributor, and marketer of bottled alkaline water in the United States. Founded in 2012 and headquartered in Scottsdale, Arizona, the company has established itself as a prominent player in the beverage industry. The company's flagship product is bottled alkaline water, which is sold under the brand name Alkaline88. This product is available in various volumes and is known for its premium quality and health benefits.
In addition to plain alkaline water, the company also offers a range of flavored bottled alkaline water options. These flavors include raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint. This diversification in product offerings allows The Alkaline Water Company to cater to a wide range of consumer tastes and preferences.
Besides its core water products, the company has ventured into the wellness market with its A88CBD brand. Under this brand, The Alkaline Water Company sells hemp-derived CBD topical and ingestible products. These products are designed to provide wellness benefits and are available through various retail channels.
The Alkaline Water Company employs a robust distribution strategy, selling its products through brokers and distributors to a variety of retail outlets. These outlets include convenience stores, natural food products stores, large ethnic markets, and national retailers. The company also leverages e-commerce platforms to reach a broader audience.
Over the years, The Alkaline Water Company has achieved significant milestones. It continues to innovate and expand its product line, keeping up with consumer demand for healthier beverage options. The company's focus on quality and customer satisfaction has earned it a loyal customer base.
Overall, The Alkaline Water Company Inc. stands out for its commitment to providing high-quality, health-focused beverage products. Its diverse product range, strategic distribution channels, and continuous innovation make it a significant player in the industry.
The Alkaline Water Company (NASDAQ: WTER) announced a teleconference scheduled for February 16, 2021, at 5:00 PM ET, to discuss fiscal third-quarter 2021 financial results. President and CEO Richard Wright, along with CFO David Guarino, will provide insights during the call. A press release detailing the financial outcomes will be available after the market closes on the same day, followed by a replay of the call accessible for one week. The Company, known for its Alkaline88® brand, focuses on premium bottled alkaline and flavor-infused waters, as well as CBD-infused products.
The Alkaline Water Company (NASDAQ: WTER) has appointed C.A. Fortune E-Comm to manage its non-CBD beverage line, Alkaline88®, on major e-commerce platforms starting January 21, 2021. This partnership aims to capitalize on the growing online grocery market, which has seen triple-digit growth during the pandemic. C.A. E-Comm will assist in marketing, performance analysis, and inventory management across retailers like Amazon, Walmart, and Kroger. The company continues to expand its product offerings, focusing on meeting consumer demand for both alkaline and flavor-infused waters.
The Alkaline Water Company (NASDAQ: WTER) announced the expansion of its product availability, offering its flagship 3-liter alkaline water and four A88-Infused™ flavored waters at all 99 Cents Only Stores in California and the Southwest. CEO Ricky Wright highlighted successful penetration in the Specialty Discount retail channel, with products in approximately 8,000 stores and plans to add 6,000 to 8,000 more locations over the next 12-18 months. The company anticipates strong demand for its A88CBD™ line as CBD regulations evolve in 2021.
The Alkaline Water Company (NASDAQ: WTER) has announced that its alkaline water is now available in 100% recyclable aluminum bottles at all Sprouts Farmers Market locations nationwide. This move is part of the company's commitment to sustainability and innovation, as they expand their product offerings. The aluminum bottles are expected to appeal to health-conscious consumers, fitting well with Sprouts' natural product focus. Since 2014, Sprouts has been a valued partner for the company, now carrying four SKUs of Alkaline Water Company's products.
The Alkaline Water Company (NASDAQ: WTER) has announced a new broadcast titled “National Brands Vie for CBD Dominance.” The CBD industry is witnessing a significant shift, with one study indicating that every dollar spent on email marketing could yield up to $40 in revenue. A major trend is emerging as nearly 50% of surveyed consumers plan to stock up on CBD products amid potential shortages. The Alkaline Water Company aims to establish itself in the CBD sector, building on its reputation as a well-respected beverage brand and expanding its offerings with A88 Infused products.
The Alkaline Water Company Inc. (NASDAQ: WTER) announced its editorial placement in an article by NetworkNewsWire, highlighting the booming CBD market. Following legalization across multiple states, the CBD market could reach a $1 trillion global impact by 2027. In response, Alkaline Water launched its A88CBD brand, expanding its product line to include CBD-infused drinks and topical products. This strategic move comes after the company reported record sales earlier this year, indicating potential for further growth in the lucrative CBD space.
The Alkaline Water Company (NASDAQ: WTER) has announced that President and CEO Richard Wright will participate in two virtual investor conferences in December 2020. He will engage in one-on-one meetings with institutional investors on December 10-11 during the Roth Virtual Deer Valley Consumer Event. Additionally, he will present at the LD Micro 13th Annual Main Event on December 14, 2020, at 11:20 a.m. Eastern Time, with more one-on-one meetings scheduled for December 14-15. Webcasts will be available, with an updated presentation accessible at the Company's Investor Relations page.
The Alkaline Water Company (NASDAQ: WTER) has announced an expanded partnership with KeHE, including A88CBD topical products, A88 Infused flavors, and the complete Alkaline88 line with eco-friendly aluminum bottles. CEO Ricky Wright highlighted KeHE as a vital partner, contributing to a 60% CAGR and $25 million in retail sales over three years. The company anticipates strong growth for its CBD products due to rising consumer demand. Alkaline88 has established itself as a lifestyle brand, offering innovative alkaline water and flavor-infused beverages.
The Alkaline Water Company (NASDAQ: WTER) has partnered with IBA Foodservice to enhance its presence in the hospitality and foodservice sectors. This collaboration aims to leverage IBA's extensive network of 30 independent agencies to penetrate regional accounts effectively, complementing existing national access through DOT Foods. The Company anticipates strong sales in the on-premise market, valued at over $14 billion, with a focus on its A88 Infused beverage line and eco-friendly products. This initiative capitalizes on increasing consumer demand for premium alkaline and infused waters.
The Alkaline Water Company (NASDAQ: WTER) reported fiscal Q2 2021 revenue of $10.8 million, a 3% year-over-year increase, bringing first-half revenue to $25 million, up 21%. EPS improved to ($0.06), a 14.3% year-over-year enhancement. The company projects full-year revenue between $48 million and $52 million, indicating growth of 17% to 27%. During this period, A88CBD launched five new products, and the company expanded its retail footprint, adding over 1,000 locations. The company’s gross margin declined to 41.2% due to higher raw material costs.
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