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DAVIDsTEA ( (TSE:DTEA) ) has provided an announcement.
DAVIDsTEA reported a slight increase in sales for the second quarter of fiscal 2025, reaching $11.1 million, with a stable net loss of $1.6 million. The company is focusing on its omnichannel growth strategy, emphasizing retail store expansion to drive brand awareness and customer engagement. Despite a decline in online sales, brick-and-mortar and wholesale sales have shown growth. The company is also undergoing a change in auditors, appointing Richter LLP as its new auditors.
More about DAVIDsTEA
DAVIDsTEA Inc. is a leading North American tea merchant focusing on retail and wholesale channels. The company offers a wide assortment of tea products and is expanding its store footprint in Canada, with new locations planned in Montreal, Quebec City, and Mississauga.
Average Trading Volume: 21,723
Technical Sentiment Signal: Buy
Current Market Cap: C$31.57M
Find detailed analytics on DTEA stock on TipRanks’ Stock Analysis page.