Alkaline Water Company (WTER) Misses Q2 EPS by 6c

Alkaline Water Company (NASDAQ: WTER) reported Q2 EPS of ($0.11), $0.06 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $15.25 million versus the consensus estimate of $15 million.

“I’m pleased to announce that the second quarter’s revenue was the highest in the history of the Company,” said Richard A. Wright, President and CEO of The Alkaline Water Company. “Our reported revenue of $15.25 million represents over 50% growth compared to the second quarter of last fiscal year. It is our 34th straight comparable quarter of record sales. The growth of our brand, product offerings, consumer base, and our expanding retail presence throughout the country have allowed us to exceed our revenue growth targets of between 35-50%. This momentum continues to carry over into our third quarter fiscal 2022, and we reiterate our guidance of $62 million for the year.”

For earnings history and earnings-related data on Alkaline Water Company (WTER) click here.

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