{"id":748672,"date":"2023-04-18T10:05:41","date_gmt":"2023-04-18T14:05:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/"},"modified":"2023-04-18T10:05:41","modified_gmt":"2023-04-18T14:05:41","slug":"alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/","title":{"rendered":"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023"},"content":{"rendered":"

<\/p>\n

Alkaline88\u00ae<\/sup> Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023<\/b><\/p>\n

The Alkaline Water Company Continues to Drive Growth and Pursue Profitability<\/i><\/p>\n

SCOTTSDALE, Ariz.–(BUSINESS WIRE<\/a>)–
\nThe Alkaline Water Company Inc. (NASDAQ: WTER), the nation’s leading independent alkaline water company and the Clean Beverage\u00ae<\/sup> company, announced today that it added Alkaline88\u00ae<\/sup> products to over 11,000 new stores across the country during its fiscal year 2023, which ended March 31st<\/sup>. Additionally, the company added new SKUs in over 33,000 existing client locations in the past twelve months.<\/p>\n

\n“By expanding our presence in over 11,000 new stores and enhancing our offerings in more than 33,000 existing locations, we have demonstrated the resilience and adaptability of our company and the increasing strength of the Alkaline88\u00ae brand,” said Frank Chessman, President and CEO of The Alkaline Water Company. \u201cOur brand\u2019s expansion over the past year includes everything from local convenience stores to new distribution partnerships to major national retailers with thousands of locations across the country.\u201d<\/p>\n

\nIn the face of a tough economy, the Company has focused on its Pathway to Profitability initiatives, resulting in significant improvements in its Statement of Operations through the first nine months of reporting for the fiscal year. Revenue has increased by 29% compared to the same period last year, while operating expenses and net loss have improved by 33% and 30%, respectively.<\/p>\n

\nThe brand\u2019s retail sales growth was also quite strong during its fiscal year 2023. According to Nielsen data for all outlets combined including convenience (xAOC+Conv.) for the 52 weeks ending March 25, 2023, Alkaline88 was one of 13 brands (including an aggregate of all private labels) with over $90 million in retail sales. Its year-over-year retail sales growth of 19.5% was more than twice the Value-Added Water category average and second-best among the top 13 brands.<\/p>\n

\n“We\u2019ve driven significant Alkaline88\u00ae<\/sup> brand growth over the last twelve months despite challenging economic conditions, and we\u2019ve done this while being firmly committed to improving operations and achieving profitability,\u201d added Mr. Chessman.<\/p>\n

About The Alkaline Water Company:<\/b><\/p>\n

\nThe Alkaline Water Company is the Clean Beverage\u00ae<\/sup> company making a difference in the water you drink and the world we share.<\/p>\n

\nFounded in 2012, The Alkaline Water Company (NASDAQ: WTER) is headquartered in Scottsdale, Arizona. Its flagship product, Alkaline88\u00ae, 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\u00ae delivers perfect 8.8 pH alkaline drinking water with trace minerals and electrolytes and boasts our trademarked label \u201cClean Beverage.\u201d In 2021, The Alkaline Water Company was pleased to welcome Shaquille O\u2019Neal to its board of advisors and to serve as the celebrity brand ambassador for Alkaline88\u00ae<\/sup>.<\/p>\n

\nTo purchase The Alkaline Water Company\u2019s products online, visit us at www.alkaline88.com<\/a>.<\/p>\n

\nTo learn more about The Alkaline Water Company, please visit www.thealkalinewaterco.com<\/a> or connect with us on Facebook, Twitter, Instagram, or LinkedIn.<\/p>\n

Notice Regarding Forward-Looking Statements:<\/b><\/p>\n

\nThis news release contains \u201cforward-looking statements.\u201d Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things, that the Company continues to drive growth and pursue profitability; the statement relating to the Company\u2019s Pathway to Profitability initiatives; and the Company being firmly committed to improving operations and achieving profitability. The material assumptions supporting these forward-looking statements include, among others, that the Company\u2019s cost saving and margin enhancement measures will be fully implemented and, once implemented, they will be effective to reduce the Company\u2019s annual expense and enhance the Company\u2019s margin to the extent anticipated by the Company; that the Company\u2019s burn rate to reach the level anticipated by the Company as a result of the Company\u2019s proactive reduction in its monthly burn rate; that the demand for the Company\u2019s products will continue to significantly grow; that the past production capacity of the Company\u2019s co-packing facilities can be maintained or increased; that there will be increased production capacity through implementation of new production facilities, new co-packers and new technology; that there will be an increase in number of products available for sale to retailers and consumers; that there will be an expansion in geographical areas by retailers carrying the Company\u2019s products; that there will be an expansion into new national and regional grocery retailers; that there will be an expansion into new e-commerce, home delivery, convenience, and healthy food channels; that there will not be interruptions on production of the Company\u2019s products; that there will not be a recall of products due to unintended contamination or other adverse events relating to the Company\u2019s products; and that the Company will be able to obtain additional capital to meet the Company\u2019s growing demand and satisfy the capital expenditure requirements needed to increase production and support sales activity. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, governmental regulations being implemented regarding the production and sale of alkaline water or any other products; additional competitors selling alkaline water and enhanced water products in bulk containers reducing the Company\u2019s sales; the fact that the Company does not own or operate any of its production facilities and that co-packers may not renew current agreements and\/or not satisfy increased production quotas; the fact that the Company has a limited number of suppliers of its unique bulk bottles; the potential for supply-chain interruption due to factors beyond the Company\u2019s control; the fact that there may be a recall of products due to unintended contamination; the inherent uncertainties associated with operating as an early stage company; changes in customer demand and the fact that consumers may not embrace enhanced water products as expected or at all; the extent to which the Company is successful in gaining new long-term relationships with new retailers and retaining existing relationships with retailers; the Company\u2019s ability to raise the additional funding that it will need to continue to pursue its business, planned capital expansion and sales activity; and competition in the industry in which the Company operates and market conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations, and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations, or intentions will prove to be accurate. Readers should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the reports and other documents the Company files with the SEC, available at www.sec.gov<\/a>, and on the SEDAR, available at www.sedar.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230418005405\/en\/<\/a><\/span><\/p>\n

The Alkaline Water Company Inc.
\n<\/b>
Jeff Wright
\n
Director of Investor Relations
\n
866-242-0240
\n
investors@thealkalinewaterco.com<\/a><\/p>\n

KEYWORDS:<\/b> Arizona United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Utilities Supermarket Specialty Energy Food\/Beverage<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023 The Alkaline Water Company Continues to Drive Growth and Pursue Profitability SCOTTSDALE, Ariz.–(BUSINESS WIRE)– The Alkaline Water Company Inc. (NASDAQ: WTER), the nation’s leading independent alkaline water company and the Clean Beverage\u00ae company, announced today that it added Alkaline88\u00ae products to over 11,000 new stores across the country during its fiscal year 2023, which ended March 31st. Additionally, the company added new SKUs in over 33,000 existing client locations in the past twelve months. “By expanding our presence in over 11,000 new stores and enhancing our offerings in more than 33,000 existing locations, we have demonstrated the resilience and adaptability of our company … <\/p>\n

Continue reading “Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-748672","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAlkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023 The Alkaline Water Company Continues to Drive Growth and Pursue Profitability SCOTTSDALE, Ariz.–(BUSINESS WIRE)– The Alkaline Water Company Inc. (NASDAQ: WTER), the nation’s leading independent alkaline water company and the Clean Beverage\u00ae company, announced today that it added Alkaline88\u00ae products to over 11,000 new stores across the country during its fiscal year 2023, which ended March 31st. Additionally, the company added new SKUs in over 33,000 existing client locations in the past twelve months. “By expanding our presence in over 11,000 new stores and enhancing our offerings in more than 33,000 existing locations, we have demonstrated the resilience and adaptability of our company … Continue reading "Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-18T14:05:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230418005405r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023\",\"datePublished\":\"2023-04-18T14:05:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\\\/\"},\"wordCount\":1228,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20230418005405r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\\\/\",\"name\":\"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023 - 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(NASDAQ: WTER), the nation’s leading independent alkaline water company and the Clean Beverage\u00ae company, announced today that it added Alkaline88\u00ae products to over 11,000 new stores across the country during its fiscal year 2023, which ended March 31st. Additionally, the company added new SKUs in over 33,000 existing client locations in the past twelve months. “By expanding our presence in over 11,000 new stores and enhancing our offerings in more than 33,000 existing locations, we have demonstrated the resilience and adaptability of our company … Continue reading \"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-18T14:05:41+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230418005405r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023","datePublished":"2023-04-18T14:05:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/"},"wordCount":1228,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20230418005405r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/alkaline88-adds-over-11000-new-stores-and-expands-skus-in-over-33000-locations-in-fiscal-year-2023\/","name":"Alkaline88\u00ae Adds Over 11,000 New Stores and Expands SKUs in Over 33,000 Locations in Fiscal Year 2023 - 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