- In its most recent SEC filings, WTER announced record first-quarter revenue of $14.2 million
- Alkaline88 ranked as 10th best-selling value-added water and third fastest-growing value-added water in Nielsen report
- WTER marks milestone by adding the largest food-service redistributor to its growing list of channel partners
The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER) continues its impressive upward trajectory, releasing record numbers in its latest financial report and ranking in a top-10 category in a recent Nielson report. In addition, with the announcement of its recent distribution agreement with DOT Foods, the company is aggressively expanding into the hospitality channel.
In its most recent SEC filings, WTER announced that it delivered a record first-quarter revenue of $14.2 million (https://cnw.fm/we6Gz), representing a revenue increase of approximately 40% year over year and 18% sequentially. The company also reported fiscal first-quarter earnings per share of ($0.05), which improved 57% compared to the prior-year quarter. In addition, during its most recent earnings call, The Alkaline Water Company indicated that its July’s purchase orders were the second highest of any month.
“Fiscal 2021 is off to a solid start with strong momentum across all our lifestyle brands,” said WTER president and CEO Richard A. Wright. “We delivered record fiscal Q1 revenue of $14.2 million and showed operational discipline with expenses down 5% year-over-year. During the last six months, we have performed exceptionally well, and according to Nielsen data, we outperformed the value-add water category by approximately 12% on a dollar sales basis and 16% on a unit basis. Our operational excellence during the pandemic is creating significant goodwill with existing channel partners, who are showing a stronger commitment to our brands, especially our single-serve, aluminum, and flavored water offerings.”
In addition, the recent “pantry-stuffing” run on basic essential resulted in a significant boon for The Alkaline Water Company. “During the pandemic, Alkaline88(R) was able to meet our retailer’s demands,” said Wright (https://cnw.fm/dys5G). “We believe that up to 30% more households tried our water during our fiscal Q4. This is highlighted by the recent Nielsen report, where Alkaline88(R) was ranked as the 10th best-selling value-added water, and the third fastest-growing, top-ten, value-added water in the country during the 13 weeks ending May 16, 2020.”
Finally, The Alkaline Water Company recently announced a partnership with DOT Food Inc., which will offer the entire line of Alkaline88, A88 Flavor Infused waters, and eco-friendly aluminum bottles to its 4,300 customers nationwide by September 21, 2020 (https://cnw.fm/TcJ5h). “Adding the largest food-service redistributor, Dot Foods, to our growing list of channel partners is another milestone for the company,” said Wright.
“Every year, Dot Foods sells millions of cases of beverages to its customers,” he continued. “This relationship will give us an entry into the hospitality industry, which we view as a significant opportunity for our growing lifestyle brands. There are over 600,000 restaurants and food-service establishments that will now have access to our full line of products. The U.S food-service industry is nearly equal in size to food retailing and accounted for over $969.4 billion in sales in 2019. Our lifestyle brand extension into flavors and aluminum bottles is one of the major reasons Dot Foods viewed Alkaline88 as an important brand to add to its portfolio of products.”
Founded in 2012, The Alkaline Water Company is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88, 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 delivers perfect 8.8 pH-balanced alkaline drinking water with trace minerals and electrolytes and boasts its trademarked label: Clean Beverage. Quickly being recognized as a growing lifestyle brand, Alkaline88 launched A88 Infused(TM) in 2019 to meet consumer demand for flavor-infused products. A88 Infused flavored water is available in seven unique all-natural flavors with new flavors coming soon. Additionally, in 2020, the company launched A88 Infused Beverage Division Inc., which includes the company’s CBD water and flavor-infused water. For the company’s topical and ingestible offerings, A88 Infused Products includes both the company’s lab-tested, full-spectrum hemp salves, balms, lotions, essential oils, and bath salts, along with broad-spectrum hemp beverage shots, powder packs, oil tinctures, capsules, and gummies.
NOTE TO INVESTORS: The latest news and updates relating to WTER are available in the company’s newsroom at http://cnw.fm/WTER
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