The Alkaline Water Company (NASDAQ: WTER) (CSE: WTER), the country’s largest independent alkaline water company, is anticipating record revenue of $19.6 million in its upcoming second quarter 2023 report; that figure represents an increase of 28% over last year’s numbers. According to the announcement, data from Nielsen, a third-party source, indicates that Alkaline88(R)grew 36.6% year-over-year in dollar volume, a rate that is more than 2.5 times higher than the average in the value-added water category. Nielsen also reported that the value-added water category was the second-fastest-growing category, leading all categories except for water. The announcement also observed that during the last 13 weeks, retail sales totaled more than $26 million. In addition, the company announced that it will report full results for Q2 2023 on Nov. 14, 2022, after the U.S. market closes. Key members of WTER’s management team are scheduled to host a conference call to discuss the results during an earnings conference call slated for Nov. 15, 2022, at 8:30 a.m. ET. Those in the United States and Canada who are interested can dial in by calling 877-407-3088; international callers can dial 201-389-0927. All callers will use the conference ID number 13734370. “The second quarter fiscal 2023 was The Alkaline Water Company’s best sales quarter ever,” said The Alkaline Water Company president and CEO Frank Lazaran in the press release. “Alkaline88(R) continues to show strong growth at retail, with more consumers buying our products at more stores across the country than ever before, and that has translated into record revenue for the company. . . . The Alkaline Water Company has grown to record revenue while increasing operational efficiency by executing our pathway to profitability strategy. We look forward to sharing the full results of this record quarter with our shareholders next week.”
To view the full press release, visit https://ibn.fm/q8E4P
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 ecofriendly 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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