Canada's DAVIDsTEA Q3 sales fall 10% on tariff impact
Overview
North American tea merchant's fiscal Q3 sales fell 10.2% yr/yr
Net loss narrowed to C$0.6 mln from C$1.6 mln in prior-year qtr
Company completed C$2.7 mln revenue-linked financing during the qtr
Outlook
DAVIDsTEA plans to open up to six new stores in fiscal 2026
Company adapting supply chain to mitigate U.S. tariffs impact
DAVIDsTEA aims for sustained, profitable growth through omnichannel strategy
Result Drivers
BRICK-AND-MORTAR SALES - Co reported a 2.9% increase in brick-and-mortar sales, highlighting retail momentum
SG&A COST REDUCTION - SG&A expenses decreased 26.5% due to lower IT costs and reduced marketing expenses
ONLINE AND WHOLESALE DECLINE - Online and wholesale sales decreased due to economic conditions and U.S. tariffs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| C$12.61 mln |
|
Q3 Adjusted EPS |
| -C$0.02 |
|
Q3 Net Income |
| -C$641,000 |
|
Q3 Adjusted EBITDA |
| C$802,000 |
|
Press Release: ID:nGNX1vw7PV
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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