DAVIDsTEA Inc. (DTEA) Reports Q1 EPS of CDN$0.04; Issues Q2, FY15 Outlook

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Go back to DAVIDsTEA Inc. (DTEA) Reports Q1 EPS of CDN$0.04; Issues Q2, FY15 Outlook

DAVIDsTEA Inc. Announces First Quarter Fiscal 2015 Financial Results

June 16, 2015 4:01 PM EDT

Reports first quarter sales growth of 29% to C$35.8 million

Reports first quarter adjusted net income of C$1.1 million and adjusted fully diluted EPS of C$0.04

MONTREAL, June 16, 2015 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) today announced financial results for the thirteen weeks ended May 2, 2015.

For the thirteen weeks ended May 2, 2015:

Sales increased by 29% to C$35.8 million from C$27.8 million in the first quarter of fiscal 2014. Comparable sales increased 6.3%. Gross profit increased 21% to C$19.1 million while... More