“I’m pleased to announce that in the first quarter of fiscal 2022, The Alkaline Water Company secured a three-year partnership with Shaquille O’Neal and Authentic Brands Group (ABG) in which Shaq will serve as a member of our advisory board and as brand ambassador,” said Richard A. Wright, President and CEO of The Alkaline Water Company. “This quarter also saw record revenue and strong continued growth. Even when compared to last year’s pantry-loading, our first quarter fiscal 2022 was our 33rd straight comparable quarter of record sales. The momentum from our fourth quarter of fiscal 2021 has carried over into our first quarter fiscal 2022 and led to revenue of $14.1 million, a 5% increase year-over-year, and 19.6% increase on a two-year stacked basis.”
“Fiscal 2022 is shaping up to be a watershed year for The Alkaline Water Company. All the hard work and execution over the last 8 years is coming to fruition and I believe that Alkaline88® will be a household name this fiscal year,” continued Mr. Wright.
Fiscal 2022 Key Highlights
- Record Revenue of $14.1, an increase of 19.6% on a two-year stacked basis
- Secured Partnership Agreement with Shaquille O’Neal and Authentic Brands Group.
- Key customer wins and expansion with major retailers, including CVS and Harris Teeter.
- Launched eco-friendly white aluminum bottles nationwide.
- Continued focusing on specific initiatives, including Big Box, Clubs and other non-traditional retailers, E-Commerce, Hospitality, Convenience Stores, International and CBD.
- Alkaline88® remains the #1 selling bulk alkaline water nationally.
- Continued to add personnel to strengthen management team in pursuit of strategic growth initiatives.
“We made significant investments in people and business partners, including raw material manufacturers and co-packers, in the first quarter of fiscal 2022 that are supporting our growth,” declared Mr. Wright. “It has been great starting work with Shaquille and ABG on our sales initiatives. Shaq’s extraordinary impact on sales that he’s demonstrated throughout his career has yet to even register for Alkaline88. We’re very excited for what’s to come.”
“Our current growth trajectory can be very clearly seen in industry-backed third-party data, which we anticipate will sharply accelerate with the addition of our marketing campaign centered around Shaq and his proven sales-driving track record. Nielsen data for all US channels for the 13 weeks ending July 17, 2021 show that our dollar sales have increased by 32.5% and unit sales are up 32.4% in the value-added water category. Nielsen total US Food data for the same period shows that we are now the ninth best-selling brand of value-added water by dollar volume, surpassing LifeWtr, a Pepsi product.
“The Catalina Hub360 data also shows that our momentum has continued as for the 4-week period ending August 7, 2021, based on reporting stores, our sales were up 32.7% and our market-share has increased .7% in only a 4-week period.”
Founded in 2012, The Alkaline Water Company (NASDAQ and CSE: WTER) 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 our trademarked label “Clean Beverage.” Quickly being recognized as a growing lifestyle brand, Alkaline88® launched A88 Infused™ in 2019 to meet consumer demand for flavor-infused products. A88 Infused™ flavored water is available in six unique all-natural flavors, with new flavors coming soon. In 2021, The Alkaline Water Company was pleased to welcome Shaquille O’Neal to its board of advisors and to serve as the celebrity brand ambassador for the Alkaline88® and A88 Infused™ brands.
