DAVIDsTEA Reports Q2 Results with Improved Sales and Reduced Net Loss
DAVIDsTEA reported second-quarter results showing a modest increase in sales to C$11.5 million, representing a 3.3% year-over-year growth. The improvement was primarily driven by strong retail store performance, which rose 9.6%, although this gain was partially offset by weaker wholesale sales. Online sales also saw slight gains during the period. The company reported a fully diluted net loss per common share of C$0.04 for Q2, an improvement from the prior year's C$0.06. On an adjusted basis, the net loss per share was reduced to C$0.03 compared to C$0.06 in the same period last year. The results reflect a gradual recovery in brick-and-mortar sales and improved cost management strategies.
Tickers: $DTEAF
Topics: financial_performance retail