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DAVIDsTEA ( (TSE:DTEA) ) just unveiled an update.
DAVIDsTEA reported a decrease in quarterly sales to $12.6 million, down from $14.0 million the previous year, while achieving a 2.9% growth in retail and comparable store sales. Despite challenges in online and wholesale channels due to economic conditions and U.S. tariffs, the company is focusing on retail expansion and omnichannel execution to drive growth. The company has reduced its operating costs significantly and improved its liquidity with recent financing, positioning itself for disciplined growth and expansion, including plans to double its retail footprint in Canada by fiscal 2026.
More about DAVIDsTEA
DAVIDsTEA Inc. is a leading North American tea merchant known for its diverse range of teas and tea-related products. The company focuses on retail and omnichannel strategies to enhance brand engagement and customer value.
Average Trading Volume: 21,001
Technical Sentiment Signal: Buy
Current Market Cap: C$27.92M
For a thorough assessment of DTEA stock, go to TipRanks’ Stock Analysis page.