DAVIDsTEA Inc. Stock News

The stock price of DavidsTea Inc (NASDAQ: DTEA) has increased by over 20% pre-market as of 7:32 AM ET. This is why it happened.

DavidsTea continues to make progress with its shift towards its e-commerce and wholesale channels growing by 145% in the most recent quarter. Substantially leaner organization as a result of the trans

Discussing strong quarterly report. Transformation efforts appear to go well as the company delivered a second consecutive quarter of positive adjusted EBITDA. Court recently extended the stay of all

Announces Executive Appointments Announces Executive Appointments

MONTREAL, Dec. 14, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) today announced that its financial results for the third quarter of Fiscal 2020 will be released after market close on December

Recently launched digital-first strategy (supported by 18 stores reopened in mid-August) is beginning to bear fruit. 190% increase in e-commerce and wholesale sales to C$23.0 million in Q2 2020.

This is a transition period for DTEA, so there are uncertainties primarily associated with the restructuring costs and the revenue based on the new business model.

The company seems extremely cheap. The amount of cash the company has is worth more than the current market cap of $26.6 million.

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-electe

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 compa

* 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 ph

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.

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.

Closing 82 Canadian stores and seeking more favorable lease terms for remaining stores in CanadaExiting all 42 U.S. stores to focus on expanding successful e-commerce.

(Bloomberg) -- Specialty tea store DavidsTea Inc. will seek protection from its creditors after Covid-19 shutdowns closed its shops and kept customers at home.The Canadian chain is using the Companies