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ALKALINE WATER CO INC - WTER STOCK NEWS

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of ALKALINE WATER CO (WTER)?

The current stock price of ALKALINE WATER CO (WTER) is $0.0504 as of November 22, 2024.

What is the market cap of ALKALINE WATER CO (WTER)?

The market cap of ALKALINE WATER CO (WTER) is approximately 730.6K.

What does The Alkaline Water Company Inc. do?

The company produces, distributes, and markets bottled alkaline water and flavored alkaline water in the United States under the Alkaline88 brand.

What flavors of bottled alkaline water does the company offer?

The company offers flavors such as raspberry, watermelon, lemon, lemon lime, peach mango, blood orange, and cucumber mint.

What is the A88CBD brand?

A88CBD is a brand under The Alkaline Water Company Inc. that sells hemp-derived CBD topical and ingestible products.

Where is The Alkaline Water Company Inc. headquartered?

The company is headquartered in Scottsdale, Arizona.

When was The Alkaline Water Company Inc. founded?

The company was founded in 2012.

How does The Alkaline Water Company Inc. distribute its products?

The company sells its products through brokers and distributors to retailers, including convenience stores, natural food products stores, large ethnic markets, and national retailers, as well as through e-commerce websites.

What makes Alkaline88 water different from regular bottled water?

Alkaline88 water is known for its premium quality and health benefits, which include maintaining the body's pH balance and providing better hydration.

What types of retailers carry The Alkaline Water Company's products?

The company's products are available in convenience stores, natural food products stores, large ethnic markets, and national retailers.

Does The Alkaline Water Company Inc. sell its products online?

Yes, the company also sells its products through various e-commerce websites.

ALKALINE WATER CO INC

Nasdaq:WTER

WTER Rankings

WTER Stock Data

730.64k
14.71M
4.08%
0%
1.71%
Beverages - Non-Alcoholic
Consumer Defensive
Link
United States of America
Scottsdale