DAVIDsTEA Inc. Announces Third Quarter Fiscal 2017 Financial Results

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Go back to DAVIDsTEA Inc. Announces Third Quarter Fiscal 2017 Financial Results

DAVIDsTEA Inc. (DTEA) Reports Q3 Loss of C$0.17/Share, to Explore Strategic Alternatives

December 7, 2017 4:04 PM EST

DAVIDsTEA Inc. (NASDAQ: DTEA) reported Q3 EPS of (Cdn$0.17), versus (Cdn$0.10) reported last year. Revenue for the quarter came in at Cdn$43 million, versus Cdn$44.1 million reported last year.

Company to explore strategic alternatives

The Board of Directors has decided to explore strategic alternatives in order to enhance shareholder value. This process will include the evaluation of strategic alternatives to maximize the Company's value, which may include a sale or other transaction.

In making the announcement, DAVIDsTEA's Chairman, Maurice Tousson stated: "DAVIDsTEA... More