DAVIDsTEA Inc. (DTEA) Tops Q1 EPS by 1c, Offers Guidance
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DAVIDsTEA Inc. (NASDAQ: DTEA) reported Q1 EPS of CDN$0.06, CDN$0.01 better than the analyst estimate of CDN$0.05. Revenue for the quarter came in at CDN$44.5 million versus the consensus estimate of CDN$43.33 million.Comparable sales increased by 4.9%.
Second Quarter and Fiscal 2016 Outlook:
For the second quarter of fiscal 2016, sales are expected to be in the range of C$39.0 million to C$40.0 million based on opening 11 new stores and assuming a comparable sales increase in the mid-single digit range. Adjusted EBITDA is expected to be in the range of C$0.2 million to C$0.5 million. Net loss is expected to be in the range of C$(2.1) million to C$(2.4) million, with fully diluted income per common share in the range of C$(0.08) to C$(0.09) on approximately 24.2 million fully diluted weighted average shares outstanding.
For fiscal 2016, sales are expected to be in the range of C$215.0 million to C$219.0 million based on opening 40 new stores for the full year and assuming a comparable sales increase in the mid-single digit range. Adjusted EBITDA is expected to be in the range of C$31.0 million to C$33.0 million. Adjusted net income is expected to be in the range of C$13.0 million to C$14.0 million, with an adjusted fully diluted income per common share range of C$0.50 to C$0.54 on approximately 26.1 million adjusted fully diluted weighted average shares outstanding.
For earnings history and earnings-related data on DAVIDsTEA Inc. (DTEA) click here.
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