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

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

DAVIDsTEA Inc. Announces Third Quarter Fiscal 2017 Financial Results

December 7, 2017 4:01 PM EST

MONTREAL, QUEBEC -- (Marketwired) -- 12/07/17 -- DAVIDsTEA Inc. (NASDAQ: DTEA) today announced financial results for the three and nine months ended October 28, 2017 and that it will be evaluating strategic alternatives to enhance shareholder value. In addition, the company announced today that Howard Tafler, its interim Chief Financial Officer, has been confirmed as Chief Financial Officer.

For the three months ended October 28, 2017:

-- Sales decreased by 2.5% to C$43.0 million from C$44.1 million in the third quarter of fiscal 2016. Comparable sales decreased by 6.8%. -- E-commerce sales continued to perform well and registered double-digit... More