InvestorNewsBreaks – The Alkaline Water Company Inc. (NASDAQ: WTER) (CSE: WTER) Releases Q3 Revenue Numbers Showing 57% Growth
Feb 15, 2022
The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, has reported its third-quarter revenue numbers, which total $15.1 million for the period ending Dec. 31, 2021. According to the announcement, that is 57% year-over-year quarterly growth and is the second-best quarter for revenue in the history of the company. Other fiscal highlights for the company include news that WTER’s Alkaline88 dollar volume grew 46.6% over the same period the prior year and the brand has grown 54% based on a two-year stack, the best performance of all other top-10 brands. In addition, the brand’s one-gallon bottle is the number-one, best-selling, value-added water SKU in the Natural Grocery channel. Company updates for the quarter included the launch of WTER’s first-ever traditional marketing campaign featuring brand Ambassador Shaquille O’Neal; the campaign includes TV commercials and digital billboards in Times Square. In addition, Alkaline88 is being carried by thousands of new retail locations in the convenience store channel thanks to WTER’s new distribution deal with Direct-Store-Delivery partners, Hensley, Nevada Beverage, and Mahaska in the Southwest and Midwest. “With reported sales of $15.1 million, the year-over-year growth for this quarter was an exceptional 57%,” said The Alkaline Water Company president and CEO Ricky Wright in the press release. “This represents our second consecutive quarter with greater than 50% year-over-year growth. What makes the results of this quarter even more impressive is that historically, our third-quarter sales are the lowest during our fiscal year. Our growth continues to accelerate into our fourth quarter as we now begin to see bottled water ‘resets’ and new SKU additions at retailers across the country. We believe that year-over-year quarterly growth will continue through fiscal 2023 and we reiterate our guidance of $62 million for fiscal 2022.”
To view the full press release, visit https://ibn.fm/H02uI
About The Alkaline Water Company
Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88(R), is a leading premier alkaline water brand available in bulk and single-serve sizes along with eco-friendly aluminum packaging options. With its innovative, state-of-the-art, proprietary electrolysis process, Alkaline88(R) delivers perfect 8.8 pH balanced alkaline drinking water with trace minerals and electrolytes and boasts the company’s trademarked Clean Beverage label. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and as a celebrity brand ambassador for the Alkaline88 and A88 Infused brands. To learn more about the company, please visit www.Alkaline88.com and www.TheAlkalineWaterCo.com.
NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://ibn.fm/WTER
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