Business
The Alkaline Water Company Reports 55% Sales Growth for the Nine Months Ending December 31, 2017
The Alkaline Water Company Reports 55% Sales Growth for the Nine Months Ending December 31, 2017.
About this update from Alkaline Water Company Inc. (the)
[{"type":"text","content":"\n\n Margins expand by 4%\n Growth expected to accelerate into fiscal 2019 SCOTTSDALE, Ariz., Feb. 22, 2018 (GLOBE NEWSWIRE) -- The Alkaline Water Company Inc. (OTCQB:WTER) (the “Company”) has announced financial results for the nine months ending December 31, 2017. The Company, the creator of an innovative, state-of-the-art, proprietary electrolysis beverage process, packages and sells its alkaline water Alkaline88® in 1-gallon, 3-liter, 1.5-liter, 1-liter, 700ml and 500ml sizes to over 34,000 retail locations in all 50 states. Company revenue for the nine months ended December 31, 2017, exceeded $13.8 million. Management Comment “We are pleased to announce that our sales were up over 55 percent from the same period last year. Our sales in the first 45 days of our fourth quarter indicate that we will have a strong close to fiscal year 2018 and robust sales growth in fiscal year 2019. Data from the national reporting agencies show that Alkaline88® continues to be one of the fastest-growing top 40 bottled water brands in the country. As we expand Alkaline88® into big-box retailers, drugstores, convenience stores and through e-commerce channels, we see our sales growth accelerating into next year,” stated Richard A. Wright, President and Chief Executive Officer of The Alkaline Water Company Inc. “In addition to our record sales growth, we have also been able to increase margins by 4 percent and production capacity (both finished goods and raw material) by over 50 percent during the first nine months of fiscal year 2018. This has been accomplished without significantly adding to our overhead. We expect our efficiencies and margins to continue to grow as we continue our national expansion,” concluded Mr. Wright.  Operational Highlights for the Nine Months Ending December 31, 2017 Increased production capacity in the eastern United States, which will allow for aggressive national expansion. East Coast sales now accounting for approximately 20 percent of the Company’s revenue. Alkaline88® is now available on Walmart.com and at Fresh Thyme Farmers Markets, Rouses, Cardenas, Grocers Supply, Scolari’s and through Bozzuto’s in the northeastern United States as a direct result of our increased sales efforts. New bottle supplier for the East Coast incre...