The CEO of DAVIDsTEA Inc. (NASDAQ:DTEA) is Herschel Segal. First, this article will compare CEO compensation with...
Q1 2019 DAVIDsTEA Inc Earnings Call
MONTRÉAL, Dec. 18, 2019 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (DTEA), a leading tea merchant and expert in North America, today announced that its Board of Directors, following the recommendation of the its Audit Committee, is restating its previously-issued interim condensed consolidated financial statements for the quarterly periods ended May 4, 2019 and August 3, 2019 to reflect the restatement resulting from an error in monitoring IAS 36 impairment triggers post-adoption of IFRS 16, Leases and a change in the elections applied upon initial adoption of IFRS 16, Leases on February 3, 2019. The previously filed unaudited condensed interim consolidated financial statements for the quarterly periods ended May 4, 2019 and August 3, 2019 should no longer be relied upon. The Company is filing today with the United States Securities and Exchange Commission a Form 8-K containing additional information about the restatement of financial statements and associated disclosures.
MONTREAL, July 10, 2019 -- DAVIDsTEA Inc. (Nasdaq:DTEA) is pleased to announce that the seven nominees listed in its management information circular dated June 10, 2019 were.
Operating loss of $9.3 million compared to loss of $10.7 millionEBITDA1 of negative $4.5 million compared to a negative $8.6 million14.1% increase in wholesale and e-commerce.
MONTREAL, June 18, 2019 -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or “the Company”), the leading tea merchant in North America, announces its first quarter results for the.
The Company will provide an update regarding the operational and financial impacts of COVID-19 during its fourth quarter fiscal 2019 earnings call, to be held on May 1, 2020. Certain material presented in this press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the United States Private Securities Litigation Reform Act of 1995.
The Company continues to work to ensure the safety and support of its employees, customers and communities during this challenging time. The Company started the First Quarter of Fiscal 2020 with $46.1 million of cash and, as previously announced, temporarily closed all of its 231 stores in Canada and the United States effective March 17, 2020. The Company continues to offer its products directly to consumers through its online platform and in over 2,500 supermarkets and drugstores across Canada.
MONTRÉAL, July 10, 2019 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (DTEA), North America’s leading tea merchant, is pleased to announce the signing of additional distribution agreements with major Canadian grocery chains, expanding the availability of its tea sachets in the Canadian and Quebec grocery aisle to an additional 1,250 new grocery stores, effective in the fall of 2019. DAVIDsTEA’s iconic tea sachets are already available in over 450 Loblaw Companies Limited (TSX:L) banner locations across Canada since last August.
Q2 2019 DAVIDsTEA Inc Earnings Call
52.8% increase in wholesale and e-commerce revenuesOperating loss of $5.4 million compared to loss of $14.0 millionEBITDA1 of $0.2 million compared to a negative $11.9.