DAVIDsTEA (TSE:DTEA) has released an update.
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DAVIDsTEA reported a strong third quarter for fiscal 2024, with a 15.6% increase in sales and an improved gross profit margin of 51.5%. The company also reduced its net loss significantly and achieved positive cash flow from operations for the first time in recent memory. Key highlights include the opening of two flagship stores in Montreal, underscoring its commitment to expanding its retail footprint.
For further insights into TSE:DTEA stock, check out TipRanks’ Stock Analysis page.
