- DavidsTea continues to make progress with its shift towards its e-commerce and wholesale channels growing by 145% in the most recent quarter.
- Substantially leaner organization as a result of the transformation led to back-to-back profitable quarters with the seasonally strongest quarter ahead.
- Introduction of new concepts like the recently launched subscription service is accompanied by a more than necessary change in the management team.
- DavidsTea is confident that it will successfully complete the restructuring process in the near term and emerge as a sustainably profitable company without diluting current shareholders.
For further details see:
DavidsTea: We Don't Have To Read Tea Leaves Anymore