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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 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.

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Alkaline Water Company Inc. (WTER) reported a remarkable 174% year-over-year growth in sales within the convenience store channel, as per Nielsen data for the year ending August 13, 2022. The company will participate in the upcoming NACS Show in Las Vegas from October 2-4, 2022, showcasing its Alkaline88® brand. This growth positions Alkaline88 as a top-15 value-added water brand in convenience stores. CEO Frank Lazaran emphasized the significant potential for expansion, as the brand currently reaches only a small fraction of the 150,000+ c-stores in the U.S.

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The Alkaline Water Company (NASDAQ: WTER) announces its Alkaline88 1-gallon 4 pack will be available in 48 membership-only warehouse clubs across New York, New Jersey, and New England this fall. This expansion marks the product's entry into a second major warehouse chain, targeting approximately 6.5 million potential customers. The company has optimized its production network in the eastern United States, allowing for efficient distribution and potential future growth. The Alkaline88 brand continues to enhance its market presence in the alkaline water segment.

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The Alkaline Water Company (WTER) announces the introduction of its Alkaline88 1-Gallon and 3-Liter products in over 200 stores across the Midwest and Mid-Atlantic regions, reaching 4.5 million shoppers. This expansion comes as the company enhances its production and distribution network, allowing growth while reducing costs. CEO Frank Lazaran emphasized the importance of gaining new clients for topline growth and the strategic advantage of optimized logistics, which will facilitate further expansion into premium grocery markets.

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The Alkaline Water Company (NASDAQ: WTER) reports record revenue of $16.9 million for the quarter ending June 30, 2022, marking a 20% year-over-year growth. The firm improved total operating expenses by over $2.3 million, a 19% YoY decrease. Gross profit was $3.5 million, reflecting effective margin enhancement strategies. The company experienced a net loss per share of ($0.06), an improvement from ($0.08) a year earlier, with a cash position of approximately $3 million.

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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.

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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.

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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.

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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.

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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.

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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