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DAVIDsTEA Inc (DTEA.OQ)

DTEA.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Davidstea announces third quarter fiscal 2018 financial results
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - DAVIDsTEA Inc ::DAVIDSTEA ANNOUNCES THIRD QUARTER FISCAL 2018 FINANCIAL RESULTS.Q3 ADJUSTED LOSS PER SHARE C$0.28.Q3 LOSS PER SHARE C$0.35.Q3 SALES ROSE 1.5 PERCENT TO C$43.7 MILLION.QTRLY COMPARABLE SALES DOWN 4.7.  Full Article

Frank Zitella To Join DAVIDsTEA As Chief Financial Officer
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - DAVIDsTEA Inc ::FRANK ZITELLA TO JOIN DAVIDSTEA AS CHIEF FINANCIAL OFFICER.DAVIDSTEA INC - ZITELLA TO BE CFO AND MEMBER OF EXECUTIVE MANAGEMENT TEAM, EFFECTIVE DECEMBER 10, 2018.DAVIDSTEA INC - MOST RECENTLY, ZITELLA WAS CFO AND TREASURER OF LOOP INDUSTRIES.DAVIDSTEA INC - ZITELLA REPLACES HERSCHEL SEGAL, EXECUTIVE CHAIRMAN AND INTERIM CEO.  Full Article

Davidstea Announces Discontinuance Of Highland Lawsuit
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - DAVIDsTEA Inc ::DAVIDSTEA ANNOUNCES DISCONTINUANCE OF HIGHLAND LAWSUIT.DAVIDSTEA INC - LAWSUIT INSTITUTED IN JULY 2018 BY THREE HIGHLAND LIMITED PARTNERSHIPS AGAINST RAINY DAY INVESTMENTS LTD, HERSCHEL SEGAL DISCONTINUED.DAVIDSTEA INC - RDI OWNS ABOUT 46.4% OF ISSUED AND OUTSTANDING SHARES OF DAVIDSTEA AND IS CONTROLLED BY HERSCHEL SEGAL.  Full Article

Davidstea Inc Q2 Loss Per Share C$0.39
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - DAVIDsTEA Inc ::DAVIDSTEA INC ANNOUNCES SECOND QUARTER FISCAL 2018 FINANCIAL RESULTS.Q2 LOSS PER SHARE C$0.39.Q2 SALES FELL 12 PERCENT TO C$40.2 MILLION.Q2 SAME STORE SALES FELL 14.8 PERCENT.QTRLY ADJUSTED LOSS PER SHARE $0.19.  Full Article

Davidstea Appoints Two New Independent Directors
Friday, 24 Aug 2018 

Aug 24 (Reuters) - DAVIDsTEA Inc ::DAVIDSTEA APPOINTS TWO NEW INDEPENDENT DIRECTORS.DAVIDSTEA - APPOINTMENT OF ANNE DARCHE AND SUSAN L. BURKMAN TO BOARD.DAVIDSTEA INC - HOWARD TAFLER, CHIEF FINANCIAL OFFICER, HAS TENDERED HIS RESIGNATION.DAVIDSTEA INC - EXPECTS TO APPOINT A "LEAD DIRECTOR" AT ITS NEXT MEETING, SCHEDULED TO BE HELD IN SEPTEMBER.DAVIDSTEA - BOARD APPOINTED JOE BONGIORNO, DIRECTOR OF FINANCE OF DAVIDSTEA, AS INTERIM CHIEF FINANCIAL OFFICER.DAVIDSTEA INC - APPOINTED PETER ROBINSON AND SUSAN BURKMAN AS MEMBERS OF AUDIT COMMITTEE OF BOARD.DAVIDSTEA INC - HOWARD TAFLER, CHIEF FINANCIAL OFFICER'S RESIGNATION TAKES EFFECT IN 30 DAYS.  Full Article

EdgePoint Says Exercised Control Over About 11.5 Pct Of Outstanding Shares Of DavidsTea As At May 31
Monday, 18 Jun 2018 

June 18 (Reuters) - DAVIDsTEA Inc ::EDGEPOINT INVESTMENT GROUP INC. ACQUIRES COMMON STOCK OF DAVIDSTEA INC..EDGEPOINT INVESTMENT GROUP - AS AT MAY 31, 2018, EXERCISED CONTROL OVER ABOUT 11.523 PERCENT ISSUED, OUTSTANDING SHARES OF COMMON STOCK OF DAVIDSTEA INC.  Full Article

TDM Asset Management Reports 12.2 Pct Stake In DavidsTea Inc
Monday, 21 May 2018 

May 21 (Reuters) - DAVIDsTEA Inc ::TDM ASSET MANAGEMENT PTY LTD REPORTS 12.2 PERCENT STAKE IN DAVIDSTEA INC AS OF MAY 10 - SEC FILING.TDM ASSET MANAGEMENT - PURCHASED DAVIDSTEA'S SHARES BASED ON TDM’S BELIEF THAT SHARES, WHEN PURCHASED, WERE UNDERVALUED.  Full Article

DAVIDsTEA Q4 Adjusted Earnings Per Share C$0.37
Thursday, 19 Apr 2018 

April 19 (Reuters) - DAVIDsTEA Inc ::DAVIDSTEA INC ANNOUNCES FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS.Q4 LOSS PER SHARE C$0.62.Q4 SALES ROSE 0.4 PERCENT TO C$86.7 MILLION.Q4 SAME STORE SALES FELL 8.1 PERCENT.Q4 ADJUSTED EARNINGS PER SHARE C$0.37.IN QUARTER, E-COMMERCE SALES CONTINUED TO PERFORM WELL AND REGISTERED DOUBLE-DIGIT GROWTH OVER Q4 OF FISCAL 2016.ANTICIPATE FIRST HALF OF FISCAL 2018 TO REMAIN "SOMEWHAT CHALLENGING" FOLLOWED BY A STRONGER SECOND HALF.Q4 RESULTS INCLUDE AN IMPAIRMENT CHARGE OF C$10.1 MILLION AND IMPACT FOR ONEROUS CONTRACTS OF C$13.5 MILLION.  Full Article

Edgepoint Investment Reports 11.5 Pct Passive Stake In Davidstea
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Edgepoint Investment Group Inc::EDGEPOINT INVESTMENT GROUP REPORTS 11.5 PERCENT PASSIVE STAKE IN DAVIDSTEA AS OF DEC 31‍​ - SEC FILING.  Full Article

DAVIDsTEA Says Board Has Decided To Explore Strategic Alternatives
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - DAVIDsTEA Inc ::ANNOUNCES THIRD QUARTER FISCAL 2017 FINANCIAL RESULTS.Q3 LOSS PER SHARE C$0.25.Q3 SALES C$43 MILLION VERSUS I/B/E/S VIEW C$46.2 MILLION.Q3 SAME STORE SALES FELL 6.8 PERCENT.Q3 EARNINGS PER SHARE VIEW C$-0.15 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED LOSS PER SHARE C$0.17.BOARD OF DIRECTORS HAS DECIDED TO EXPLORE STRATEGIC ALTERNATIVES.STRATEGIC ALTERNATIVES BOARD MAY CONSIDER INCLUDE, BUT ARE NOT LIMITED TO, A POTENTIAL FINANCING, REFINANCING, RESTRUCTURING, MERGER.STRATEGIC ALTERNATIVES INCLUDE, BUT ARE NOT LIMITED TO ACQUISITION, JV, DIVESTITURE/ DISPOSITION OF SOME OR ALL OF ASSETS.NO DEFINITIVE SCHEDULE TO COMPLETE ITS REVIEW OF STRATEGIC ALTERNATIVES HAS BEEN ESTABLISHED.COMPANY WILL BE UNDERGOING A PROCESS IN NEAR-TERM TO SELECT FINANCIAL ADVISORS TO ASSIST IN INITIATIVE.IMPAIRMENT CHARGE OF C$2.7 MILLION INCURRED IN Q3 DUE TO UNDERPERFORMING STORES.CAPEX FOR YEAR IS EXPECTED TO BE APPROXIMATELY C$13 TO $15 MILLION.CURRENTLY EXPECTS TO BE FREE CASH FLOW POSITIVE FOR FULL YEAR.COMPANY CURRENTLY EXPECTS TO BE FREE CASH FLOW POSITIVE FOR FULL YEAR.ANNOUNCED THAT HOWARD TAFLER, ITS INTERIM CHIEF FINANCIAL OFFICER, HAS BEEN CONFIRMED AS CHIEF FINANCIAL OFFICER."WE ARE DISAPPOINTED WITH OUR THIRD-QUARTER RESULTS, WHICH CAME IN BELOW ANTICIPATED SALES AND PROFITABILITY".HAVE IMPLEMENTED A COST REDUCTION PROCESS WHICH INCLUDED ELIMINATING SOME POSITIONS TO REFLECT CHANGES IN ORGANIZATIONAL STRUCTURE.  Full Article