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DTEA - Davidstea Inc
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DavidsTea is a Canadian specialty tea and tea accessory retailer based in Montreal, Quebec. It is the largest Canadian-based specialty tea boutique in the country. Following the company's initial public offering, common stock began trading on the NASDAQ Global Market on June 5, 2015. The company had 240 locations but by July 2020 required financial reorganization, which involved permanently closing all 42 U.S. stores, 166 stores in Canada, and focusing on its e-commerce and wholesale business.
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    Fiscal 2022 Sales of $83.0 millionNet loss of $14.9 millionAdjusted EBITDA negative $5.0 millionCash position of $22.4 million Q4 2022 Sales of $31.4 millionNet loss of $3.3 millionAdjusted EBITDA negative $0.9 millionWholesale expansion into U.S. in fall 2023 in over 400 grocery stores MONTREAL, April 28, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its fourth quarter and full year results fo

    - DAVIDsTEA to cease trading on Nasdaq at the close of market on Friday, April 14, 2023 - DAVIDsTEA to continue trading on the TSX Venture Exchange MONTREAL, April 13, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, confirms that it is voluntarily delisting from The Nasdaq Global Market (“Nasdaq”) and that its common shares will stop trading on Nasdaq at the close of market on Friday, April 14, 2023. As previously an

    - Trading on the TSX Venture Exchange to start on April 3, 2023 - DAVIDsTEA to delist from Nasdaq at the close of markets on April 14, 2023 MONTREAL, March 27, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, is pleased to announce that the Company has been accepted for listing on the TSX Venture Exchange (“TSXV”) and that the Company’s common shares will commence trading on the TSXV on Monday, April 3, 2023 under the

    SG&A Cost Structure to be Reduced by $8.0 million to $10.0 millionMONTREAL, Feb. 02, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, provided preliminary sales results for its fourth quarter ended January 28, 2023, and announced a plan to adjust its cost structure amid continuing macro-economic uncertainty. “Like many other retail brands, we experienced difficult market conditions in the fourth quarter as consumer wa

    DAVIDsTEA Inc. (NASDAQ:DTEA) Q3 2022 Earnings Call Transcript December 16, 2022 Operator: Good afternoon, ladies and gentlemen. Welcome to DAVIDsTEA’s Third Quarter 2022 Earnings Webcast. Today’s webcast is being recorded and is in a listen-only mode. Before we get started, I would like to remind you of the company’s Safe Harbor language. This presentation includes […]

    DTPR holiday matcha New standout arrivals from the DAVIDsTEA Holiday Collection include Gingerbread Matcha; sip this sweet, spicy and heartwarming tea hot or as a frothy latte. Celebrate the season with festive and unique Glitter Matcha, Gingerbread Matcha and Orange Spice Matcha MONTREAL, Dec. 15, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, is pleased to announce the launch of their rule-breaking Holiday Matcha C

    Many holiday shoppers have a foodie on their list -- someone who delights in receiving gifts curated specifically with the connoisseur in mind. Whether this person indulges in pasta, wine, cheese or...

    DAVIDsTEA ( NASDAQ:DTEA ) Third Quarter 2023 Results Key Financial Results Revenue: CA$16.2m (down 27% from 3Q 2022...

    Sales totaled $16.2 millionNet loss of $4.7 millionAdjusted EBITDA amounted to negative $2.0 millionCash position of $16.1 million MONTREAL, Dec. 13, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its third quarter results for the period ended October 29, 2022. “We remain focused on our competitive advantages with a strategic retail presence across Canada, a strong wellness-driven portfolio of teas,

    DTPR image 1 - 1milcups EN Customers can help DAVIDsTEA meet their next goal of 2 million cups donated—every transaction equals one cup of tea donated! DTPR image 2 - impactprojects Global impact projects from DAVIDsTEA include those in Nepal (left), South Africa (middle), and China (right). In addition to supporting local communities through tea, DAVIDsTEA invites customers to shop with purpose this Giving Week with every transaction supporting the brand’s Impact Fund MONTREAL, Nov. 29, 2022 (G