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DAVIDsTEA Inc (DTEA.OQ)

DTEA.OQ on NASDAQ Stock Exchange Global Market

2.85USD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

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

PRESS DIGEST-Canada - June 11

June 11 The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.