DAVIDsTEA Inc. (DTEA) Tops Q3 EPS by 1c

December 10, 2015 4:03 PM

DAVIDsTEA Inc. (NASDAQ: DTEA) reported Q3 EPS of (CDN$0.03), CDN$0.01 better than the analyst estimate of (CDN$0.04). Revenue for the quarter came in at CDN$36.3 million versus the consensus estimate of CDN$34.64 million.

GUIDANCE:

DAVIDsTEA Inc. sees Q4 2015 revenue of CDN$70-72 million, versus the consensus of CDN$72.44 million.

DAVIDsTEA Inc. sees FY2015 revenue of CDN$175-177 million, versus the consensus of CDN$175.6 million.

Sylvain Toutant, President and Chief Executive Officer, stated: "We are pleased with our third quarter top- and bottom-line performance, highlighted by a 32.5% increase in sales and comparable sales growth of 6.3%. Our strong top-line performance was fueled by continued strength from new and existing stores, and our thriving e-commerce business, as customers responded to our innovative merchandise offering and compelling marketing message."

Mr. Toutant continued, "We are well-positioned for the upcoming holiday season with our exciting product assortment and steady stream of newness that we believe will resonate with our customers. Given our strong third quarter performance we are raising our outlook for the year. Looking ahead, we remain focused on building our unique brand, expanding our store base and e-commerce footprint, driving profitability and realizing the significant potential that we believe exists for DAVIDsTEA."

For earnings history and earnings-related data on DAVIDsTEA Inc. (DTEA) click here.

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