DAVIDsTEA Inc. (DTEA) Reports Q2 Loss of Cdn$0.16/Share

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DAVIDsTEA Inc. Announces Second Quarter Fiscal 2017 Financial Results

September 7, 2017 4:01 PM EDT

MONTREAL, QUEBEC -- (Marketwired) -- 09/07/17 -- DAVIDsTEA Inc. (NASDAQ: DTEA) today announced financial results for the three and six months ended July 29, 2017.

For the three months ended July 29, 2017:

-- Sales increased by 11.2% to C$45.7 million from C$41.1 million in the second quarter of fiscal 2016. Comparable sales decreased by 0.9%. -- Same store sales improved over the first quarter to negative 0.9% from negative 5.7%. -- Gross profit increased by 1.5% to C$20.2 million from C$19.9 million, while gross profit as a percent of sales decreased to 44.2% from 48.5%. The decrease in gross profit as a... More