DAVIDsTEA Inc. (DTEA) News

DAVIDsTEA Inc. (DTEA)

Today's Latest Price: $1.41 USD

0.04 (2.92%)

Updated Nov 27 12:54pm

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Ranked of 49 in Restaurants

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Latest DTEA News From Around the Web

Below are the latest news stories about DAVIDsTEA Inc that investors may wish to consider to help them evaluate DTEA as an investment opportunity.

DavidsTea swings to $2.6-million profit in second quarter despite store closures

No summary available.

The Star | September 21, 2020

DAVIDsTEA Reports Second Quarter Fiscal 2020 Financial Results

Financial and Operational Highlights: 189.9% increase in e-commerce and wholesale sales to $23.0 million (representing 100% of sales for the quarter)Gross…

GlobeNewswire | September 21, 2020

DAVIDsTEA: See The Big Picture And Buy This Quality Tea With Both Hands

There is a company that has undergone a business transformation over the last few months. And its stock remains captive of disinterest because some uncertainties exist. But we consider this lack of interest to provide an excellent opportunity for those investors who are willing to take a deep dive into...

Value Digger on Seeking Alpha | September 2, 2020

DavidsTea: This Restructuring Is Not My Cup Of Tea

Deep value investing is quite the allure for many investors. David's Tea (DTEA) caught my attention as a potential turnaround investment opportunity whose market cap is less than the company's cash on hand. However, in order for such opportunities to be successful, we need to examine what the future state...

Value Kicker on Seeking Alpha | August 17, 2020

DavidsTea: A Totally Misunderstood Restructuring Case Offering Significant Upside Potential

Investment thesis Against the backdrop of the recent developments, it's time to revisit DavidsTea (DTEA), nearly one year after my initial article about the company. Since then, the stock has had a rocky ride, rising from around 1.40 US$/share to a high of 2.30 US$/share within a month after the...

Barbell Investment Ideas on Seeking Alpha | August 5, 2020

DAVIDsTEA Announces Results of Annual Meeting

MONTREAL, July 31, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) is pleased to announce that the five nominees listed in its management information circular dated June 25, 2020 were re-elected as directors at the Company’s annual meeting of shareholders held today in Montreal. According to proxies received and ballots cast, the votes were as follows: Name of NomineeVotes for%Votes Withheld% Herschel Segal13,478,65098.72174,8551.28 Susan L. Burkman13,567,58399.3785,9220.63 Pat De Marco13,515,66998.99137,8361.01 Emilia Di Raddo13,508,95698.94144,5491.06 Peter Robinson13,518,14699.01135,3590.99 At the annual meeting, DAVIDsTEA’s shareholders also re-appointed Ernst & Young LLP, Chartered Professional Accountants, as DAVIDsTEA’s auditor.About DAVIDsTEADAVIDsTEA is a leading...

Yahoo | July 31, 2020

DAVIDsTEA Reports First Quarter Fiscal 2020 Financial Results

Financial and Operational Highlights: * Sales decreased 27.3% to $32.2 million * 120.7% or $9.3 million increase in e-commerce and wholesale sales * Adjusted operating loss1 of $4.4 million compared to loss of $1.7 million * Net cash position of $39.3 million as at May 2, 2020 * DAVIDsTEA’s online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada continues solid growth * 18 stores across Canada expected to re-open before the end of August 2020MONTREAL, July 31, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or “the Company”), a leading tea merchant in North America, announces its first quarter results for the period ended May 2, 2020.  All dollar amounts are expressed in Canadian dollars.“Our first quarter results reflect th...

Yahoo | July 31, 2020

DAVIDsTEA Provides Business Update

* DAVIDsTEA plans to reopen 18 Canadian stores under new, more favourable lease terms * DAVIDsTEA to focus on its expanding online business at www.davidstea.com and sales in grocery stores and pharmacies across Canada * Exiting 82 remaining Canadian stores * Execution of business plan significantly accelerated under CCAA restructuringMONTREAL, July 30, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that as part of its restructuring plan under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”), it plans to reopen 18 stores in Canada under new, more favourable lease terms and conditions.“We believe that a select group of our best-performing stores, complementing our growing onl...

Yahoo | July 30, 2020

DAVIDsTEA Provides Update on Filing of Q1 Financial Statements

MONTREAL, July 20, 2020 -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced on June 5, 2020 that it is availing.

Yahoo | July 20, 2020

DAVIDsTEA Obtains Amended and Restated Court Order under CCAA

MONTREAL, July 16, 2020 -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces that the Québec Superior Court today.

Yahoo | July 16, 2020



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