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Davidstea Inc. (DTEAF)
:DTEAF
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Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 13, 2018
|% Change Since: 190.00%
|Next Earnings Date:Sep 13, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted successful cost containment and growth in the wholesale channel, while facing challenges with significant sales declines, particularly in online and brick-and-mortar segments. The company remains financially stable with no debt, but the decrease in overall sales and continued losses weigh heavily on performance.Company Guidance
During the earnings call for DAVIDsTEA's third quarter of fiscal 2023, executives provided guidance amidst an uncertain economic environment, particularly in Canada. They reported a 24.9% year-over-year decrease in total sales, amounting to $12.1 million, with online sales dropping 45.1% and representing 46% of total revenues. Despite these challenges, wholesale channel sales increased by 56.3% to $2.5 million, now accounting for 21% of total revenues. Gross profit as a percentage of sales improved to 37.9% from 35.1% in the previous year, attributed to the internalization of fulfillment services. The company also achieved a $2 million reduction in selling, general, and administrative expenses, contributing to a net loss of $3.7 million for the quarter, down from $4.7 million last year. DAVIDsTEA closed the quarter with $11.7 million in cash and no interest-bearing debt, positioning them to execute their go-to-market initiatives and improve profitability.Wholesale Channel Growth
Wholesale channel sales increased by 56.3% to $2.5 million in Q3 2023, representing 21% of total revenues compared to 10% a year ago.
Cost Control Success
Selling, general, and administrative expenses decreased by $2 million or 19.3% year-over-year to $8.3 million in Q3 2023, driven by a cost containment plan.
Gross Profit Improvement
Gross profit as a percentage of sales improved to 37.9% in Q3 2023 from 35.1% in the same period last year.
Debt-Free Position
The company ended Q3 2023 with $11.7 million in cash, working capital of $20.1 million, and no interest-bearing debt.
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DTEAF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DTEAF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 17, 2024 | $0.30 | $0.34 | +13.33% |
| Sep 17, 2024 | $0.14 | $0.25 | +78.57% |
| Jun 18, 2024 | $0.12 | $0.12 | 0.00% |
| May 02, 2024 | $0.28 | $0.27 | -3.57% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Davidstea Inc. (DTEAF) report earnings?
Davidstea Inc. (DTEAF) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Davidstea Inc. (DTEAF) earnings time?
Davidstea Inc. (DTEAF) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DTEAF EPS forecast?
Currently, no data Available
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