DTEA News and Press, DAVIDsTEA Inc. From 09/22/20

DAVIDsTEA (DTEA) reported Q2 revenue decrease of 41.2% Y/Y to C$23M due to the COVID-19 pandemic.Sales from e-commerce and wholesale channels increased by 189.9% Y/Y to C$23M.E-commerce and wholesale sales represented 100% of sales compared to 20.2% of sales in the prior year quarte...

Financial and Operational Highlights : 189.9% increase in e-commerce and wholesale sales to $23.0 million (representing 100% of sales for the quarter) Gross profit of $8.3 million $24.2 million decrease in SG&A EBITDA of $5.4 million Implemen...

MONTREAL, Sept. 21, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) today announced that its financial results for the second quarter of fiscal 2020 will be released after market close today, September 21, 2020. The Company will host a webcast call at 5:00 p.m. Eastern Time to dis...

MONTREAL, Sept. 17, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that the Québec Superior Court today issued a Claims Process Order establishing the claims proce...

There is a company that has undergone a business transformation over the last few months. And its stock remains captive of disinterest because some uncertainties exist. But we consider this lack of interest to provide an excellent opportunity for those investors who are willing to take a deep ...

Deep value investing is quite the allure for many investors. David's Tea ( DTEA ) caught my attention as a potential turnaround investment opportunity whose market cap is less than the company's cash on hand. However, in order for such opportunities to be successful, we need to examine what th...

Investment thesis Against the backdrop of the recent developments, it's time to revisit DavidsTea ( DTEA ), nearly one year after my initial article about the company. Since then, the stock has had a rocky ride, rising from around 1.40 US$/share to a high of 2.30 US$/share within a month a...

Financial and Operational Highlights: Sales decreased 27.3% to $32.2 million 120.7% or $9.3 million increase in e-commerce and wholesale sales Adjusted operating loss 1 of $4.4 million compared to loss of $1.7 million Net cash position of $39.3 million as at May 2, 2020 DAVIDsTEA...

As part of its restructuring plan , DAVIDsTEA (NASDAQ: DTEA )   +20.1%  PM plans to reopen 18 stores, located in major shopping malls, in Canada by August end under new and more favorable lease terms and conditions. More news on: DAVIDsTEA Inc., Consumer stocks news, Stocks on ...

DAVIDsTEA plans to reopen 18 Canadian stores under new, more favourable lease terms DAVIDsTEA to focus on its expanding online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada Exiting 82 remaining Canadian stores Execution of bus...