DAVIDsTEA Reports First Quarter Fiscal 2021 Financial Results [Financial Post (Toronto, Ontario, Canada)]
DAVIDsTEA Inc. (DTEA)
Last davidstea inc. earnings: 12/7 04:01 pm
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US:NASDAQ Investor Relations:
ir.davidstea.com
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Source: Financial Post
Revenues of $23.2 million, with continued increase in online and wholesale channels of $2.9 million and 17.2% to $19.9 million for the quarter Adjusted EBITDA of $2.5 million Cash of $31.3 million as at May 1, 2021 Plan of Arrangement approved by creditors on June 11, 2021 and under which DAVIDsTEA will distribute approximately $18.0 million in settlement of all claims MONTREAL, June 15, 2021 (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 1, 2021. All dollar amounts are expressed in Canadian dollars. “We expect to emerge from CCAA a transformed and radically different organization with a digital-first strategy that required changes to every aspect of our business. Over the past year, we have focused our efforts to find new ways to engage with tea lovers and to replicate our in-store tea discovery experience across multiple digital platforms.
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