Walmart, the world’s largest retailer, has announced plans to launch water bars in select stores this year, with the goal of increasing sales by at least $500 million per year.
Walmart said Monday it will launch three new water bars.
The first, called the Watermelon Watermelon, will be available in the U.S. from July 18 through September 16.
The second, called Watermelon Punch, will launch in Canada on July 27 through September 12.
The third, called Tropical Punch, is slated to debut in Mexico in September.
The Watermelon water bars will be priced at $1.99, $3.99 and $6.99.
The Watermelon line of drinks, which include the Water Milk and Watermelon Tea, will include an assortment of flavors and a selection of watery-sweetened beverages, including watermelon juice and coconut water.
The new line will include drinks for men, women and kids.
Walmart will also launch a limited-edition line of fruit-infused drinks.
As for the water bars themselves, Walmart said they will be made of 100 percent fruit.
Walmart CEO Doug McMillon said that, while some of the products are made of a natural fruit pulp, the majority of the water will be distilled from recycled water.
In an interview with The Associated Press, McMillon, who is known for his passion for water, said the company is working with water mills and farmers around the world to produce the new water products.
McMillon said that the company was also developing a line of bottled water for people who want to use it for beverages, and the company will release the first of those in 2018.
While water bars and water are two of Walmart’s most profitable products, the company’s future business is uncertain.
Last year, the retail giant reported a $1 billion loss for the third quarter, and analysts expected that figure to increase.
The company posted its second-quarter earnings last week, but the company missed analysts’ estimates for the quarter.
It is unclear what impact the water-pulp issue will have on Walmart’s quarterly profit, which is expected to fall by around 5 percent to $5.18 billion.
Walmart has been under pressure to sell its products to customers in an effort to rein in its massive debt.
“We’re going to take it as seriously as we can, but I think it’s important for us to understand that there’s a very big question mark about what this will do to the bottom line for us,” McMillon told the AP.