The Alkaline Water Company Has Identified an Estimated $7 Million in Total Annual Savings

The Alkaline Water Company Has Identified an Estimated Million in Total Annual Savings
CANNANNEW REPORT

The Company’s Pathway to Profitability Review Has Revealed Approximately $2 Million More in Expense Reductions and Margin Enhancements The Company Shows Strong New Store Growth and SKU Expansion (All amounts are in U.S. dollars) SCOTTSDALE, Ariz.–(BUSINESS WIRE)–The Alkaline Water Company Inc. (NASDAQ and CSE: WTER) (the “Company”), the country’s largest independent alkaline water company and the Clean Beverage® company, today announced it has identified approximately $2 million more in annual expense reductions and margin enhancements through its company-wide pathway to profitability evaluation and review. The Company has now identified an estimated $7 million in annual cost-saving measures, once fully implemented. “Working closely with our new Project Management Office and department heads, we’re pleased to announce that we’ve identified approximately $2 million more in expense reductions and margin enhancements since our last earnings call, for an annual savings of $7 million once fully implemented,” said Alkaline88 President and CEO, Frank Lazaran. “We promised our shareholders discipline and accountability as we carve out The Alkaline Water Company’s pathway to profitability. We have a strong sense of urgency to make good on that promise as we work diligently to optimize our Company’s infrastructure, processes, and partnerships to achieve sustainable profitable growth.” The Company recently shared an update on new store additions and SKU expansion within existing clients which quantify its continued ability to grow as a top-ten value-added water brand. Since April 1st, Alkaline88® has added over 8,400 new retail locations and has expanded SKUs in over 14,000 existing client locations. Less than a month into the second quarter of its fiscal year, the Company is already close to meeting its stated goals of adding over 10,000 new stores and expanding SKUs in 15,000 existing retailers in fiscal year 2023. “Our trusted client relationships themselves present even more opportunity for Alkaline88 to continue…

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Source : The Alkaline Water Company Has Identified an Estimated Million in Total Annual Savings

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