Continued demand for sustainable product formats, investments made into trade spend, and recent contract wins are expected to maintain growth of Flow brand net revenue going forward.įlow is maintaining its target for Flow brand net revenue growth of 25% - 30% in FY 2022 as compared to the prior year as sell-in rates to distributors and retailers improves, and as the Company benefits from new distribution agreements and product innovations. The Company expects industry trends for premium, sustainable and enhanced water to remain favourable over the long-term, and for new distribution agreements and product innovations to drive growth notwithstanding the macroeconomic backdrop. The Company’s strategy is focused on the long-term profitable growth of the Flow brand. Launched Flow Alkaline Spring in 500ml and 1 litre SKUs across Erewhon Organic Grocer and Cafe locations in CaliforniaĬompany Outlook and Strategic Framework for FY 2022 Signed a distribution agreement with Primo Water Corporation whereby Flow Alkaline Spring Water will become available to over 1.8 million subscription customers across its consumer distribution network in the United StatesĮxpanded retail presence in over 300 Winn-Dixie grocery stores, Winn-Dixie operates in the southeastern United States and is a subsidiary of Southeastern Grocers to offer two-hour, same-day, and next-day delivery for key e-commerce sales in New York, Los Angeles, San Francisco and Chicagoīecome the official water partner of Blade Urban Air Mobility in the flat and still water category Launched Flow Vitamin-Infused Water line of products in three new organic flavours in the United States through and over 100 Fred Meyer locations & Wellness to distribute Flow products across up to 25 Caribbean markets and up to seven Central American markets Signed a distribution agreement with WB Canna Co. Launched a 1 liter format for two of its best selling flavours, Strawberry Rose and Peach Blueberry, through a national roll-out with Sprouts Farmers Market Signed an agreement with Norwegian Cruise Line (“NCL”) for Flow Alkaline Spring Water to become NCL’s official water, NCL is a leading global cruise line operating a fleet of 28 ships under the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands Maintained market share leadership in carton format and shelf stable water in the United States, increasing its market share in the Multi-Outlet and Natural retail sectors to 43% in Q3 2022 from 39% in Q3 2021 Operational Highlights During and Subsequent to Q3 2022
Notwithstanding near term changes in discretionary spending by households, consumer demand for sustainable products remains very high, Flow is realizing growth well above growth rates in the premium and functional water categories and we are confident that alignment in ESG best practices will result in new distribution partnerships bringing the Flow brand to consumers across North America.” “New distribution channels and added benefit from a selective approach to launching new product innovations are expected to maintain net revenue growth rates in Flow brand revenue. The Company is also beginning to realize improved economics in trade spend, activation programs, capacity utilization and operating expenses that we expect will accelerate our path to profitability.” retail, Canadian retail and e-commerce channels in the third quarter, in addition to achieving contract wins that are expected to enhance distribution and help drive long-term growth. Nicholas Reichenbach, founder and Chief Executive Officer of Flow, stated: “Flow delivered broad based growth across U.S. (TSX:FLOW OTCQX:FLWBF) (the “Company” or “Flow”), today announced its financial results for the three and nine months ending J(“Q3 2022” and “YTD Q3 2022,” respectively).
TORONTO-( BUSINESS WIRE)- Flow Beverage Corp.
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