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DAVIDsTEA Inc (DTEA.OQ)

DTEA.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

DAVIDsTEA Says Board Has Decided To Explore Strategic Alternatives
Thursday, 7 Dec 2017 04:01pm EST 

Dec 7 (Reuters) - DAVIDsTEA Inc ::ANNOUNCES THIRD QUARTER FISCAL 2017 FINANCIAL RESULTS.Q3 LOSS PER SHARE C$0.25.Q3 SALES C$43 MILLION VERSUS I/B/E/S VIEW C$46.2 MILLION.Q3 SAME STORE SALES FELL 6.8 PERCENT.Q3 EARNINGS PER SHARE VIEW C$-0.15 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED LOSS PER SHARE C$0.17.BOARD OF DIRECTORS HAS DECIDED TO EXPLORE STRATEGIC ALTERNATIVES.STRATEGIC ALTERNATIVES BOARD MAY CONSIDER INCLUDE, BUT ARE NOT LIMITED TO, A POTENTIAL FINANCING, REFINANCING, RESTRUCTURING, MERGER.STRATEGIC ALTERNATIVES INCLUDE, BUT ARE NOT LIMITED TO ACQUISITION, JV, DIVESTITURE/ DISPOSITION OF SOME OR ALL OF ASSETS.NO DEFINITIVE SCHEDULE TO COMPLETE ITS REVIEW OF STRATEGIC ALTERNATIVES HAS BEEN ESTABLISHED.COMPANY WILL BE UNDERGOING A PROCESS IN NEAR-TERM TO SELECT FINANCIAL ADVISORS TO ASSIST IN INITIATIVE.IMPAIRMENT CHARGE OF C$2.7 MILLION INCURRED IN Q3 DUE TO UNDERPERFORMING STORES.CAPEX FOR YEAR IS EXPECTED TO BE APPROXIMATELY C$13 TO $15 MILLION.CURRENTLY EXPECTS TO BE FREE CASH FLOW POSITIVE FOR FULL YEAR.COMPANY CURRENTLY EXPECTS TO BE FREE CASH FLOW POSITIVE FOR FULL YEAR.ANNOUNCED THAT HOWARD TAFLER, ITS INTERIM CHIEF FINANCIAL OFFICER, HAS BEEN CONFIRMED AS CHIEF FINANCIAL OFFICER."WE ARE DISAPPOINTED WITH OUR THIRD-QUARTER RESULTS, WHICH CAME IN BELOW ANTICIPATED SALES AND PROFITABILITY".HAVE IMPLEMENTED A COST REDUCTION PROCESS WHICH INCLUDED ELIMINATING SOME POSITIONS TO REFLECT CHANGES IN ORGANIZATIONAL STRUCTURE.  Full Article

DAVIDsTEA reports second quarter 2017 financial results
Thursday, 7 Sep 2017 04:01pm EDT 

Sept 8 (Reuters) - DAVIDsTEA Inc :DAVIDsTEA Inc announces second quarter fiscal 2017 financial results.Q2 same store sales fell 0.9 percent.Q2 sales C$45.7 million versus I/B/E/S view C$44.3 million.DAVIDsTEA Inc - ‍impairment charge of C$2.3 million incurred in Q2 due to underperforming U.S. stores​.DAVIDsTEA Inc sees fy capex for year will be approximately C$15 to $18 million.Qtrly ‍comparable sales decreased by 0.9 pct​.DAVIDsTEA Inc - qtrly fully diluted loss per common share was C$ 0.22.DAVIDsTEA Inc - qtrly adjusted fully diluted loss per common share, a non-IFRS measure, was C$0.16.Q2 earnings per share view C$-0.16 -- Thomson Reuters I/B/E/S.  Full Article

Davidstea Q1 loss per share c$0.01
Wednesday, 7 Jun 2017 04:01pm EDT 

June 7 (Reuters) - Davidstea Inc ::Davidstea inc. Announces first quarter fiscal 2017 financial results.Q1 loss per share C$0.01.Q1 sales C$48.7 million versus I/B/E/S view c$46.1 million.Q1 same store sales fell 5.7 percent.Q1 earnings per share view C$-0.06 -- Thomson Reuters I/B/E/S.Q1 adjusted loss per share C$0.04.Davidstea - chief financial officer, Luis Borgen, has notified company that he will be leaving, effective july 31, 2017.Davidstea - Ddavidstea has begun a search for its next cfo​.Davidstea - ‍expect continued gross profit margin pressure in q2​.Davidstea - ‍will not be issuing quarterly and annual guidance through 2017​.Davidstea - for rest of year, "Canada will be a clear focus" where it anticipates opening ten to fifteen new stores.  Full Article

DAVIDsTEA Q4 EPS C$0.08
Wednesday, 12 Apr 2017 04:01pm EDT 

DAVIDsTEA Inc : DAVIDsTEA Inc. Announces fourth quarter and fiscal 2016 financial results . Q4 earnings per share C$0.08 . Q4 sales C$86.3 million versus I/B/E/S view C$85.9 million . Q4 same store sales rose 0.4 percent . Q4 earnings per share view C$0.49 -- Thomson Reuters I/B/E/S . DAVIDsTEA- As co conducts evaluation of business under new leadership ,develops go-forward strategy, quarterly, annual guidance will not be provided .DAVIDsTEA qtrly adjusted net income per share $0.41.  Full Article

DAVIDsTEA appoints Joel Silver as president and CEO
Monday, 13 Mar 2017 04:30pm EDT 

DAVIDsTEA Inc : DAVIDsTEA appoints joel silver as president and chief executive officer . DAVIDsTEA inc says joel silver will succeed christine bullen, who has served as interim president and chief executive officer .DAVIDsTEA inc says bullen will continue to serve in her prior role as managing director, u.s..  Full Article

DavidsTea Inc posts Q1 earnings per share c$0.06
Wednesday, 8 Jun 2016 04:01pm EDT 

DavidsTea Inc : DavidsTea Inc announces first quarter fiscal 2016 financial results . Q1 earnings per share c$0.06 . Q1 sales c$44.5 million versus I/B/E/S view c$43.3 million . Q1 same store sales rose 4.9 percent . Q1 earnings per share view c$0.05 -- Thomson Reuters I/B/E/S . Sees FY 2016 adjusted earnings per share c$0.50 to c$0.54 . Sees Q2 2016 sales c$39 million to c$40 million . Sees FY 2016 sales c$215 million to c$219 million .Reiterates fiscal 2016 outlook.  Full Article

DAVIDsTEA Inc Reiterates Q4 2015 and FY 2015 Guidance; Reiterates Q4 2015 and FY 2015 comparable sales Guidance
Monday, 11 Jan 2016 04:01pm EST 

DAVIDsTEA Inc:reiterated its previously issued outlook for Q4 2015 and FY 2015.continues to expect Q4 2015 sales to be in the range of C$70.0 million to C$72.0 million based on opening 10 new stores and assuming a comparable sales increase slightly above the mid-single digit range.Says for Q4 2015 Adjusted fully diluted income per common share, which excludes IPO-related costs and other one-time costs, is expected to be in the range of C$0.42 to C$0.44 per share.Says For FY 2015, the Company continues to expect sales to be in the range of C$175.0 million to C$177.0 million based on opening 39 net new stores and assuming a comparable sales increase slightly above the mid-single digit range.Says For FY 2015 Adjusted fully diluted income per common share, which excludes IPO-related and other one-time costs, is expected to be in the range of C$0.37 to C$0.39 per share.  Full Article