DTEA

DAVIDsTEA Launches “Tea-2-Go” at over 1,500 Couche-Tard/Circle K Stores Across Canada

Retrieved on: 
Tuesday, March 19, 2024
Cream, DTEA, Partnership, Gastrointestinal tract, Transport, Alimentation Couche-Tard, DavidsTea, TSX, Drink, Snack, Herbal, Tea

In addition, DAVIDsTEA will establish a full tea bar concept at seven Couche-Tard stores to offer a wide variety of hot and iced teas.

Key Points: 
  • In addition, DAVIDsTEA will establish a full tea bar concept at seven Couche-Tard stores to offer a wide variety of hot and iced teas.
  • “We are proud to become the exclusive supplier of high-quality teas across Canada to an industry leader like Couche-Tard,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.
  • “This landmark agreement enables DAVIDsTEA to introduce a whole new segment of customers to our wide variety of flavourful teas.
  • We are very pleased with this new partnership,” said Daniel Lapalme, Foodservice Director, Eastern Canada Division, Alimentation Couche-Tard.

DAVIDsTEA Reports Financial Results for Third Quarter of Fiscal 2023

Retrieved on: 
Tuesday, December 12, 2023
Online, Capital expenditure, Digital, Software, Hand, Marketing, Fiscal, DavidsTea, DTEA, Capital, Stop & Shop

Sales for the third quarter of Fiscal 2023 decreased by $4.0 million, or 24.9%, to $12.1 million.

Key Points: 
  • Sales for the third quarter of Fiscal 2023 decreased by $4.0 million, or 24.9%, to $12.1 million.
  • Gross profit dropped by 18.8% to $4.6 million in the third quarter of Fiscal 2023 from the prior year quarter due to lower sales.
  • EBITDA was negative $2.8 million in the quarter ended October 28, 2023, compared to negative $3.8 million in the prior year quarter.
  • Net loss totaled $3.7 million in the quarter ended October 28, 2023, compared to a net loss of $4.7 million in the prior year quarter.

DAVIDsTEA Appoints Chief Digital Officer to Drive Online Sales

Retrieved on: 
Wednesday, December 6, 2023
Customer experience, Digital, Multimedia, University, Human, Growth, DavidsTea, DTEA, Organization, Communication

MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the appointment of Damon Sloane as Chief Digital Officer to drive online sales and enhance overall customer experience.

Key Points: 
  • MONTREAL, Dec. 06, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the appointment of Damon Sloane as Chief Digital Officer to drive online sales and enhance overall customer experience.
  • Mr. Sloane previously served as Vice-President of e-Commerce and Customer Experience at DAVIDsTEA and oversaw a period of significant online sales growth at the Company.
  • “We are excited that Damon will be spearheading digital innovation at DAVIDsTEA, while acting as an agent of change throughout the organization to better serve our online customers,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.
  • His focus on being the voice of the customer, combined with a data-driven approach, will enable DAVIDsTEA to optimize a frictionless digital experience and accelerate revenue growth.”

DAVIDsTEA Expands Tea Footprint in Canadian Wholesale Market

Retrieved on: 
Tuesday, December 5, 2023
Cream, Rexall (Canada), Staples Canada, Farm Boy, Herbal, Neighbourly, Pharmacy, Shoppers Drug Mart, Coffee, DavidsTea, DTEA, Jean Coutu

MONTREAL, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today a series of go-to-market initiatives to expand its footprint among Canadian wholesalers.

Key Points: 
  • MONTREAL, Dec. 05, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today a series of go-to-market initiatives to expand its footprint among Canadian wholesalers.
  • DAVIDsTEA, renowned for its premium specialty tea products and already present in over 3,800 stores, continues to increase its presence in the Canadian market by adding new storefronts, expanding its store-in-store concept and launching new products within existing accounts.
  • Additionally, DAVIDsTEA has brought eight popular tea flavors to 47 Farm Boy grocery stores in Ontario.
  • Our strong brand recognition and many tea options, from classic, to functional to decadent blends, should drive revenue growth through our wholesale partners, while helping to make tea fun and accessible to all.”

DAVIDsTEA Hires Vice-President of Marketing

Retrieved on: 
Wednesday, November 22, 2023
Marketing, Woman, Commerce, ALDO, Growth, McGill University, DavidsTea, DTEA, Mattel

MONTREAL, Nov. 22, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the hiring of Adriana Germilli as Vice-President of Marketing to stimulate demand creation and accelerate sales growth.

Key Points: 
  • MONTREAL, Nov. 22, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today the hiring of Adriana Germilli as Vice-President of Marketing to stimulate demand creation and accelerate sales growth.
  • On the strength of a value-driven approach to marketing, Ms. Germilli champions women in leadership through mentorship and driving the Company’s outreach and giveback programs.
  • Ms. Germilli previously served as Director of Marketing at DAVIDsTEA from 2016 to 2022.
  • “We are delighted to welcome Adriana back to drive sales growth, customer experience and value creation at DAVIDsTEA,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.

DAVIDsTEA Expands Wholesale Channel into U.S.

Retrieved on: 
Monday, November 20, 2023
Cream, TSX Venture Exchange, Supermarket, Stop & Shop, DTEA, DavidsTea, Roche Bros., Herbal, Roche, UNFI, Grocery store

MONTREAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its initial expansion into the U.S. wholesale market.

Key Points: 
  • MONTREAL, Nov. 20, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its initial expansion into the U.S. wholesale market.
  • DAVIDsTEA recently launched four flavours of premium tea sachets at 150 Stop & Shop supermarket stores of the 400-plus locations in the northeastern U.S.
  • They rank among DAVIDsTEA’s strongest flavours for the wholesale market as well as in other channels.
  • “We believe in the potential of expanding our offering wherever our customers are,” explained Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.

DAVIDsTEA Reports Financial Results for Second Quarter of Fiscal 2023

Retrieved on: 
Tuesday, September 12, 2023
Online, Carrefour Laval, Toronto Eaton Centre, Maintenance, DTEA, Capital expenditure, SG, Marketing, DavidsTea, Fiscal, Immunity, Ginger, EBITDA, TSX Venture Exchange, Capital, Relaxation, Hand, Echinacea, Software, Rare-earth element, Online shopping, Pharmaceutical industry, Video game, Bookkeeping, Adjustment

Sales for the second quarter of Fiscal 2023 decreased by $5.4 million, or 35.3%, to $9.8 million.

Key Points: 
  • Sales for the second quarter of Fiscal 2023 decreased by $5.4 million, or 35.3%, to $9.8 million.
  • EBITDA was negative $3.4 million in the quarter ended July 29, 2023, compared to negative $3.9 million in the prior year quarter.
  • Adjusted net loss was $3.6 million in the second quarter compared to Adjusted net loss of $3.5 million in the prior year quarter.
  • Working capital requirements fluctuate during the year, rising in the second and third fiscal quarters as DAVIDsTEA takes title to increasing quantities of inventory in anticipation of the peak selling season in the fourth fiscal quarter.

DAVIDsTEA Reports Financial Results for First Quarter of Fiscal 2023

Retrieved on: 
Tuesday, June 13, 2023
Online, DTEA, Capital expenditure, SG, Marketing, DavidsTea, EBITDA, Acquisition, TSX Venture Exchange, Capital, Growth, Hand, Fiscal, Video game, Adjustment

MONTREAL, June 13, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its first quarter results for the period ended April 29, 2023.

Key Points: 
  • MONTREAL, June 13, 2023 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its first quarter results for the period ended April 29, 2023.
  • “Due to persistent headwinds in the economic environment, sales declined 29.4% year-over-year to $14.3 million in the first quarter,” said Frank Zitella, President, Chief Financial and Operating Officer, DAVIDsTEA.
  • Sales decreased 29.4% to $14.3 million from $20.3 million in the first quarter of Fiscal 2023.
  • Net loss totaled $2.0 million in the quarter ended April 29, 2023, compared to a net loss of $2.0 million in the prior year quarter.

DAVIDsTEA Reports Fourth Quarter and Full Year Fiscal 2022 Financial Results

Retrieved on: 
Friday, April 28, 2023
Insurance, DTEA, Capital expenditure, SG, Classification, Marketing, Sanction, DavidsTea, COVID-19, Income tax, CCAA, Government, EBITDA, TSX Venture Exchange, Capital, Tea, Recovery, Monitor, Health, Hand, Environment, Fiscal, Pharmaceutical industry, Video game, Retail, Distribution (marketing), Bookkeeping, Reinsurance, Cryptocurrency, Adjustment

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 for the period ended January 28, 2023.

Key Points: 
  • Sales decreased 21.4% to $31.4 million from $39.9 million in the fourth quarter of Fiscal 2022.
  • At the end of the fourth quarter of Fiscal 2022, the Company had cash amounting to $22.4 million.
  • Sales for Fiscal 2022 decreased by 20.2% or by $21.0 million, to $83.0 million from $104.1 million in Fiscal 2021.
  • Capital expenditures in our new business model are not significant and amounted to $129 in Fiscal 2022 (Fiscal 2021 - $52).

DAVIDsTEA Confirms Voluntary Delisting from Nasdaq

Retrieved on: 
Thursday, April 13, 2023
TSX Venture Exchange, DTEA, DavidsTea, Cryptocurrency

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.

Key Points: 
  • - DAVIDsTEA to cease trading on Nasdaq at the close of market on Friday, April 14, 2023
    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 announced, DAVIDsTEA commenced trading on the TSX Venture Exchange (“TSXV”) on Monday, April 3, 2023 under the ticker symbol “DTEA”.
  • After April 14, 2023, DAVIDsTEA will be listed only on the TSXV, where its shares trade in Canadian dollars.
  • Shareholders in the United States and other U.S. investors are able to trade DAVIDsTEA through the facilities of the TSXV.