DAVIDsTEA Inc. (DTEA) Reports Q2 Loss of Cdn$0.39

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Go back to DAVIDsTEA Inc. (DTEA) Reports Q2 Loss of Cdn$0.39

DAVIDsTEA Inc. Announces Second Quarter Fiscal 2018 Financial Results

September 13, 2018 4:30 PM EDT

MONTREAL, Sept. 13, 2018 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) today announced financial results for the three and six months ended August 4, 2018.

For the three months ended August 4, 2018:

Sales decreased by 12.0% to C$40.2 million from C$45.7 million in the second quarter of fiscal 2017. Comparable sales decreased by 14.8%. Comparable sales decreased as our product offering did not resonate with customers, we were less promotional as we moved to reduce our dependency on discounting, and we had less product available for our semi-annual sale, as we were in a... More