Privacy Notice, and DavidsTea stock briefly exploded amid ongoing speculation over the intersection of marijuana and beverage industries.. X. DavidsTea Inc. provides a selection of loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts and accessories in Canada and the United States through its retail stores. Details of the webcastVia the internet at: www.davidstea.com, in the "investor relations" section.An online archive of the webcast will be available within two hours of the conclusion of the call and will remain available for 30 days.About DAVIDsTEADAVIDsTEA is a leading branded retailer and growing wholesaler of specialty loose-leaf tea, offering a differentiated selection of proprietary signature blends, single-origin teas, pre-packaged teas, tea sachets and tea-related gifts and accessories primarily through its e-commerce platform at www.davidstea.com. Stock analysis is the technique used by a trader or investor to examine and evaluate how DAVIDsTEA stock is reacting to, or reflecting on a current stock market direction and economic conditions. The … I look forward to continuing to work with our talented team as we build a stronger and more focused DAVIDsTEA, and solidify our position as a digital-first, industry leading provider of on-trend, high-quality loose-leaf tea, tea accessories and gifts. The Company also operates 18 retail stores in Canada. Net income was $14.5 million in the quarter ended October 31, 2020 compared to a Net loss of $10.8 million in the prior year quarter. MONTREAL, Dec. 14, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) today announced that its financial results for the third quarter of Fiscal 2020 will be released after market close on December 15, 2020. I look forward to continuing to work closely with the management team in place as we position the Company for a sustainable future,” said Frank Zitella.Operating Results for the Third Quarter of Fiscal 2020 Three Months Ended October 31, 2020 compared to Three Months Ended November 2, 2019Sales. Explore our premium Black tea, Green tea, Matcha tea, Herbal tea, White tea, Maté tea, Oolong tea, Rooibos tea, Pu'her tea, tea accessories and more! On behalf of the Board, I congratulate them on their well-deserved appointments as DAVIDsTEA embarks on a new and exciting chapter,” stated Herschel Segal, DAVIDsTEA’s Chairman and Founder.“As one of the leading tea merchants in North America, DAVIDsTEA is on a new path, squarely focused on becoming a more agile organization. By using this site you agree to the Get daily stock ideas top-performing Wall Street analysts. Adjusted EBITDA for the quarter ended October 31, 2020, which excludes the impact of stock-based compensation expense, Restructuring plan activities, the subsidy received from the Canadian government under the COVID-19 Economic Response Plan, and the impairment of property and equipment and right-of-use assets amounted to $3.3 million compared to negative $2.2 million in the prior year quarter. Furthermore, in light of implementing the Restructuring Plan, the Company expects to use cash on hand to pay for professional fees and for the settlement of obligations upon acceptance, if any, of a plan of arrangement that will be presented to creditors. In this quarter, EBITDA also improved as a result of a reduced general and administrative infrastructure to support the on-going business.Net income (loss). Mr. Zitella joined DAVIDsTEA as CFO in December 2018 and was subsequently promoted to the position of Chief Operating Officer in May 2019. The appointments of Sarah Segal and Frank Zitella will be effective December 16, 2020.“Sarah and Frank have demonstrated strong leadership and know-how in the face of the ongoing challenges DAVIDsTEA has faced and have both been instrumental in setting the strategic vision and executing our ongoing transformation into a digital-first organization, better adapted to evolving consumer behaviour. Since then, DTEA shares … We fund our capital expenditures and working capital requirements from a combination of cash on hand and cash provided by operating activities.New Executive Appointment BiographiesSarah Segal – Chief Executive Officer and Chief Brand OfficerSarah Segal has most recently served as DAVIDsTEA’s Chief Brand Officer responsible for tea and product development, spearheading the digital transformation and development of new sales channels. Herschel Segal will be stepping down as interim CEO and will remain Chairman of the Board of Directors. View DAVIDsTEA Inc. DTEA investment & stock information. 2.2500 +0.25 (12.50%)After hours: 5:34PM EST, Subscribe to Premium to view Fair Value for DTEA, Announces Executive Appointments * 145.5% increase in e-commerce and wholesale sales to $22.1 million * Gross profit of $10.8 million * Adjusted EBITDA of $3.3 million * Cash of $21.9 million at quarter-end * Restructuring activities ongoing and Court order extended until March 19, 2021 MONTREAL, Dec. 15, 2020 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces its third quarter results for the period ended October 31, 2020. By Roberto Pedone. Our primary source of liquidity is cash on hand as we have no access to any form of debt financing. On March 17, 2020, in response to the COVID-19 pandemic, the Company temporarily closed all its retail stores in Canada and the United States, and subsequently, as part of its formal Restructuring Plan, exited all of its brick and mortar stores except for 18 Canadian stores which were reopened on August 21, 2020. As the Company pivots to a digital-first strategy, the cost of delivery and distribution that is included in arriving at gross profit will compare unfavorably to prior periods that were predominantly focused on retail sales distribution. The stock's open price was 1.25. E-commerce and wholesale sales represented 84.3% of sales compared to 22.8% of sales in the prior year quarter.Gross profit. Find the latest DAVIDsTEA Inc. (DTEA) stock quote, history, news and other vital information to help you with your stock trading and investing. Find the latest historical data for DAVIDsTEA Inc. Common Stock (DTEA) at Nasdaq.com. David's Tea Inc. upgraded to outperform at BMO Capital Markets. Cookie Notice. Risk Factors” in our Quarterly Report on Form 10-Q for the quarterly periods ended May 2, 2020, August 1, 2020 and October 31, 2020, respectively, filed with both the United States Securities and Exchange Commission and with the Autorité des marchés financiers, which could materially affect our business, financial condition or future results.Details of the webcast The Company will host a webcast at 5:00 p.m. Eastern Time to discuss the financial results, via the internet at: www.davidstea.com, in the "investor relations" section.An online archive of the webcast will be available within two hours of the conclusion of the call and will remain available for 30 days.About DAVIDsTEADAVIDsTEA is a leading branded retailer and growing wholesaler of specialty loose-leaf tea, offering a differentiated selection of proprietary signature blends, single-origin teas, pre-packaged teas, tea sachets and tea-related gifts and accessories primarily through its e-commerce platform at www.davidstea.com. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. Advanced Stock Screeners and Research Tools. Prior to that and for more than a decade, he served as CFO of DST Health Solutions, a subsidiary of SS&C Technologies Holdings, Inc. (Nasdaq:SSNC). These forward-looking statements include all matters that are not historical facts and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our Restructuring Plan, the COVID-19 pandemic, our strategy of transitioning to e-commerce and wholesale sales, future sales through our e-commerce and wholesale channels, future lease liabilities, our results of operations, financial condition, liquidity and prospects, the impact of the COVID-19 pandemic on the global macroeconomic environment, and our ability to avoid the delisting of the Company’s common stock by Nasdaq due to the restructuring or our inability to maintain compliance with Nasdaq listing requirements.While we believe these opinions and expectations are based on reasonable assumptions, such forward-looking statements are inherently subject to risks, uncertainties and assumptions about us, including the risk factors discussed in Part I, “Item 1A. With our range … He also previously worked as a senior internal auditor for Coca-Cola.DAVIDsTEA Obtains Amended Court Order under CCAAOn December 15, 2020, the Québec Superior Court extended the previously-announced stay of all proceedings against the Company to March 19, 2021 under the Companies’ Creditors Arrangement Act (Canada).Condensed Consolidated Financial Data (Canadian dollars, in thousands, except per share information)                   For the three months ended  For the nine months ended                    October 31,  November 2,  October 31,  November 2,   2020  2019   2020   2019                   Sales$          26,225  $          39,493  $          81,497  $        122,925  Cost of sales           15,399             18,139             47,409             53,430  Gross profit           10,826             21,354             34,088             69,495  SG&A expenses             7,120             30,670             35,883             90,254  Restructuring plan activities, net          (10,743)                  —             24,017                   —  Operating income (loss)           14,449             (9,316)           (25,812)           (20,759) Finance costs                 35               1,699               3,260               5,305  Finance income                (53)               (185)               (361)               (570) Net income (loss)$          14,467  $         (10,830) $         (28,711) $         (25,494)                                   EBITDA1$          15,295  $          (4,548) $         (19,646) $          (6,237) Adjusted EBITDA1             3,304             (2,241)              4,265               1,387  Adjusted SG&A expenses 1             8,566             28,619             36,767             83,178  Adjusted operating income (loss) 1              2,260             (7,265)            (2,679)           (13,661) Adjusted net income (loss) 1$            2,278  $          (8,779) $          (5,578) $         (18,396)                                   Basic income (loss) per common share$             0.55  $            (0.42) $            (1.10) $            (0.98) Fully diluted income (loss) per common share              0.54               (0.42)              (1.10)              (0.98) Adjusted fully diluted income (loss) per common share1$             0.09  $            (0.34) $            (0.21) $            (0.71) Gross profit as a percentage of sales 41.3%  54.1%  41.8%  56.5% SG&A as a percentage of sales 27.1%  77.7%  44.0%  73.4% Adjusted SG&A as a percentage of sales1 32.7%  72.5%  45.1%  67.7%                                   Cash (used in) provided by operating activities$         (12,016) $            4,786  $         (19,896) $            8,229  Cash used in financing activities              (250)            (5,711)            (5,821)           (17,333) Cash (used in) provided by investing activities                (94)               (756)              1,304             (4,926)  Decrease in cash during the period          (12,360)            (1,681)           (24,413)           (14,030) Cash, end of period$          21,925  $          28,044  $          21,925  $          28,044                    October 31,  August 1,  February 1,  November 2,  As at 2020   2020   2020   2019  Cash $          21,925   $          34,285   $          46,338   $          28,044  Accounts receivable             7,669               6,757               6,062               5,430  Prepaid expenses and deposits           13,400               8,476               4,542               6,906  Inventories           26,176             24,354             22,363             32,638  Trade and other payables $            3,621   $            5,441   $          20,794   $          21,155   ________________ 1 Please refer to “Use of Non-IFRS Financial Measures” in this press release.Use of Non-IFRS Financial MeasuresThis press release includes “non-IFRS financial measures” defined as including: 1) EBITDA and Adjusted EBITDA, 2) Adjusted operating income (loss), 3) Adjusted SG&A expenses, 4) Adjusted net income (loss), 5) Adjusted fully diluted income (loss) per share and 6) Adjusted SG&A expenses as a percentage of sales. Something went wrong while loading Watchlist. Excluding the impact of the $1.4 million wage subsidy received under the Canadian government COVID-19 Economic Response Plan in Fiscal 2020, and the impact in Fiscal 2019 of the impairment of property and equipment and right-of use assets amounting to $2.1 million, Adjusted SG&A decreased by $20.1 million. Adjusted fully diluted income per common share, which is adjusted net income (loss) on a fully diluted weighted average shares outstanding basis, was $0.09 per share compared to a loss of $0.34 per share.Liquidity and Capital ResourcesAs at October 31, 2020 we had $21.9 million of cash primarily held by major Canadian financial institutions. Subscriber Agreement & Terms of Use, As a result, wages, salaries and employee benefits were reduced by $12.2 million, and we realized a reduction of $3.8 million in amortization expenses due to a lower right-of-use asset value at the beginning of the period. View which stocks are hot on social media with MarketBeat's trending stocks report. The interest expense relates to lease liabilities and has decreased slightly from the prior year quarter.Finance income. How has DAVIDsTEA's stock been impacted by COVID-19? in Water Science, Policy and Management from Oxford University.Frank Zitella- President and Chief Operating Officer Frank Zitella has nearly 30 years of experience in finance, strategic planning and governance. Adjusted SG&A as a percentage of sales in the quarter decreased to 32.7% from 72.5% in the prior year quarter.Results from operating activities. Log in to see them here or sign up to get started. Buy the best loose leaf tea at DAVIDsTEA. DavidsTea… Real time DAVIDsTEA (DTEA) stock price quote, stock graph, news & analysis. Since 2013 and up until her appointment as CEO of DAVIDsTea, Ms. Segal served as CEO of artisanal candy retailer SQUISH Candy, based in Montreal, Quebec, a company she founded. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. Dec 9, 2015 4:26 PM EST. Sales for the three months ended October 31, 2020 decreased 33.6%, or $13.3 million, to $26.2 million from $39.5 million in the prior year quarter. These non-IFRS financial measures are not defined by or in accordance with IFRS and may differ from similar measures reported by other companies. Finance income of $0.1 million is derived mainly from interest on cash on hand and has decreased slightly from the prior year quarter.EBITDA. We believe that these non-IFRS financial measures provide knowledgeable investors with useful information with respect to our historical operations. Copyright © 2020 MarketWatch, Inc. All rights reserved. Get the latest stock price for DAVIDsTEA Inc. (DTEA:US), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Facebook, Google, Apple and Amazon could face multibillion-dollar fines under new EU tech regulations, Evercore ISI starts covering Nikola stock at hold, says next year will be ‘vital’, Tesla may be ‘most remarkable’ stock market ‘story of them all’, says strategist, Olive Garden Owner Darden Is Analysts’ Post-Pandemic Pick, The Dow Rose 338 Points Because Republicans and Democrats Are Coming to Terms on Stimulus, More people are feeling guilty about making this financial request during the pandemic and here’s when most Americans will be able to get a COVID-19 vaccine, Stock-market uncertainty runs high headed into Fed’s Wednesday meeting, DavidsTea's stock tumbles 19% premarket, after soaring 63% the previous session, DavidsTea's stock rockets 43% in premarket trade, DAVIDsTEA's stock soars 29%; co. has not responded to request for comment, DavidsTea's stock rockets 55% in premarket trade toward a 1-yr. high, David's Tea Inc. upgraded to outperform at BMO Capital Markets, David's Tea shares up 30% at $24.75 on first day of trade, Forget marijuana stocks — put your money in booze, nicotine and caffeine instead, IGC, New Age Beverage stocks rocket to lead cannabis sector rally amid CBD beverage boom, Marijuana stock IGC soars after entering CBD drink market, defying weaker sector, Cannabis stocks surge, fueled by earnings, investments and bullish analyst comments, Board fight at struggling DavidsTea leads to co-founder's departure, David's Tea considering sale, stock surges, David's Tea posts loss on IPO-related charges, David's Tea trades at $24.75 on first trading day. The following cautionary statements are being made pursuant to the provisions of the Act and with the intention of obtaining the benefits of the “safe harbor” provisions of the Act. Gross profit of $10.8 million for the three months ended October 31, 2020 decreased by $10.5 million or 49.3% from the prior year quarter due primarily to a decline in sales during the period. DAVIDsTEA's stock was trading at $0.8009 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Jul. With a focus on innovative flavours, wellness-driven ingredients and organic tea, the Company launches seasonally driven “collections” with a mission of making tea accessible to a wide audience. Fully diluted income per common share was $0.54 compared to a loss of $0.42 in the third quarter of Fiscal 2019. Accordingly, brick and mortar sales for the quarter declined when compared to the prior year quarter by $26.4 million or 86.5% to $4.1 million. DavidsTea (DTEA) is in the news Tuesday after DTEA stock started to soar higher, but what exactly is behind the movement?More From InvestorPlace Top Stock Picker Reveals His Next … Risk Factors” in our Annual Report on Form 10-K for our fiscal year ended February 1, 2020, and Part II, “Item 1A. David's Tea considering sale, stock surges Dec. 7, 2017 at 4:57 p.m. From 1998 to 2006, he was CFO of International Financial Data Services, a joint-venture between SS&C and State Street Bank, where he successfully maximized profitability and top-line growth. What is David`s Tea Inc. stock price? DAVIDsTEA (DTEA) Stock Advances Ahead of Earnings Release. From 2012 to 2017, Ms. Segal was a member of the Board of Directors of DAVIDsTEA. Intraday data delayed at least 15 minutes or per exchange requirements. As of February 01, 2020, the company owned and operated 231 DAVIDsTEA stores. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. Finance costs amounted to almost nil in the three months ended October 31, 2020, a decrease of $1.7 million from the prior year quarter. Visit a quote page and your recently viewed tickers will be displayed here. Its business involves the sale of three main products; Tea, Tea … ET by Imani Moise. As a result, gross profit as a percentage of sales declined to 41.3% for the three-month period ended October 31, 2020 from 54.1% in the prior year quarter. Stockchase, in its reporting on what has been discussed by individuals on business television … All quotes are in local exchange time. The following presents a detailed DAVIDsTEA stock price history for your review. In connection with our Restructuring Plan, we terminated the leases for all of our stores in North America except for 18 Canadian stores which reopened on August 21, 2020. DAVIDsTEA Inc. Common Stock (DTEA) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Get the latest DAVIDsTEA Inc. DTEA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Our primary cash needs are to finance working capital and capital expenditures in connection with enhancing the functions and features of our online store. DAVIDsTEA, Inc. engages in the retail of specialty tea. Get the latest DAVIDsTEA Inc. (DTEA) stock news and headlines to help you in your trading and investing decisions. Caution Regarding Forward-Looking StatementsThis press release includes statements that express our opinions, expectations, beliefs, plans or assumptions regarding future events or future results and there are, or may be deemed to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). © 2020 Verizon Media. A selection of DAVIDsTEA products is available in more than 2,500 grocery stores and pharmacies across Canada. DavidsTea Inc stock is lower by -25.00% over the last 12 months.InvestorsObserver’s proprietary ranking system, gives DTEA stock a score of 27 out of a possible 100.. That rank is … Create a list of the investments you want to track. Our shift towards e-commerce and wholesale continues to progress above our expectations and our latest results clearly indicate that we are making good progress,” said Sarah Segal.“With the continued solid momentum in our e-commerce and wholesale channels, combined with the benefits of our restructuring process, adjusted EBITDA was in positive territory for a second consecutive quarter and reached $3.3 million. OPINION. Historical and current end-of-day data provided by FACTSET. DAVIDsTEA has about a 34 percent probability of … Have Watchlists? For the best MarketWatch.com experience, please update to a modern browser. It can be used to make informed decisions about market timing, and when buying or selling DAVIDsTEA … The Company is headquartered in Montréal, Canada.Investor Contact        Media Contact MaisonBrison CommunicationsPELICAN PR Pierre BoucherLyla Radmanovich 514-731-0000514-845-8763 investors@davidstea.commedia@rppelican.ca, Polydex Pharmaceuticals Issues Third Quarter Financial Results, Good Times Restaurants Reports Results for the Fiscal Fourth Quarter and Year Ended September 29, 2020, Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. Prior to joining DAVIDsTEA, he was CFO of Loop Industries, Inc. (Nasdaq:LOOP). Dec 8, 2015 1:32 PM EST. DAVIDsTEA, Inc. engages in the retail of specialty tea. in Environmental Health from McGill University and a M.Sc. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. EBITDA was $15.3 million in the quarter ended October 31, 2020 compared to a negative $4.5 million in the prior year quarter, representing an increase of $19.8 million over the prior year quarter. Earlier in his career, Frank gained M&A and transaction experience as a senior manager with PricewaterhouseCoopers. As the Company pivots to a digital-first strategy, we are seeing an improvement in EBITDA driven from our focus on e-commerce and wholesale channels. This browser is no longer supported at MarketWatch. Get short term trading ideas from the MarketBeat Idea Engine. We present these non-IFRS financial measures as supplemental performance measures because we believe they facilitate a comparative assessment of our operating performance relative to our performance based on our results under IFRS, while isolating the effects of some items that vary from period-to-period but not in substitution to IFRS financial measures.Please refer to the non-IFRS financial measures section in the Management’s Discussion and Analysis section of our Form 10-Q for a reconciliation to IFRS financial measures.NoteThis release should be read in conjunction with the Company’s Management’s Discussion and Analysis, which will be filed by the Company with the Canadian securities regulatory authorities on www.sedar.com and with the U.S. Securities and Exchange Commission on www.sec.gov and will also be available in the Investor Relations section of the Company’s website at www.davidstea.com. 5 Hated Earnings Stocks You Should Love. There are currently no items in this Watchlist. The Company also operates 18 retail stores in Canada. Currency in USD, Trade prices are not sourced from all markets, The Man Who Bought Amazon at $48 Says Buy TaaS Now. The significant increase in e-commerce sales resulted in an increase of $4.2 million in delivery and distribution costs, thereby negatively impacting gross profit percentage. DAVIDsTEA also announces the appointment of Sarah Segal as Chief Executive Officer (CEO), in addition to her position as Chief Brand Officer, and Frank Zitella as President, in addition to his position as Chief Operating Officer and Chief Financial Officer (CFO). The Investor Relations website contains information about DavidsTea Inc's business for stockholders, potential investors, and financial analysts. Identify stocks that meet your criteria using seven unique stock … The … Income from operating activities was $14.4 million compared to a loss of $9.3 million in the prior year quarter. The DAVIDsTEA Inc. stock price fell by -2.26% on the last day (Friday, 11th Dec 2020) from $1.77 to $1.73. Excluding the impact of the Restructuring Plan announced on July 8, 2020, the wage subsidy received from the Canadian government under the COVID-19 Economic Response Plan, the impact of the impairment of property and equipment and right-of-use assets and the loss on disposal of property and equipment, Adjusted results from operating activities amounted to $2.3 million in the three-month period ended October 31, 2020 compared to a loss of $7.3 million in the prior year quarter. The stock has traded between $1.07 and $1.18 … DavidsTea News: Why Is DTEA Stock Rallying 11% Today? Sales from e-commerce and wholesale channels increased by $13.1 million or 145.5% to $22.1 million, from $9.0 million in the prior year quarter. Our working capital requirements fluctuate during the year, rising in the second and third fiscal quarters as we take title to increasing quantities of inventory in anticipation of our peak selling season in the fourth fiscal quarter. DavidsTea Inc (DTEA) stock is trading at $1.14 as of 1:05 PM on Thursday, Oct 1, a rise of $0.06, or 5.7% from the previous closing price of $1.08. Seeking Alpha - 7 months ago. Earlier in his career, frank gained M & a and transaction experience as a senior manager with PricewaterhouseCoopers,! On April 29, 2008 and is headquartered in Mount-Royal, Canada ` s Inc.... Defined by or in accordance with IFRS and May differ from similar measures reported by other.... As a branded retailer of different types of Tea, the company primarily serves through DAVIDsTEA stores and across. Shares … Real time DAVIDsTEA ( DTEA ) stock closed at a price of $.... From a day low at $ 0.8009 on March 11th, 2020, the company was by. The third quarter of Fiscal 2019 Nasdaq only and global Markets copyright © 2020 MarketWatch, Inc. All rights.! The Investor Relations website contains information about DAVIDsTEA Inc 's business for stockholders, potential investors, and analysts. Zitella will remain CFO pending the appointment of a new CFO, 2020 when COVID-19 reached status! Then, DTEA shares … Real time DAVIDsTEA ( DTEA ) at Nasdaq.com the?! And Cookie Notice its business involves the sale of three main products Tea. The prior year quarter.EBITDA from McGill University and a M.Sc the interest expense relates to lease liabilities and decreased. Provide knowledgeable investors with useful information with respect to our historical operations as a senior manager with PricewaterhouseCoopers Real-Time sale... Is cash on hand as we have no access to any form of debt financing ) is the... Why is DTEA stock started to soar higher, but what exactly is behind the movement defined or. 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Eastern time to discuss the financial results for both channels during quarter., but what exactly is behind the movement and its website, davidstea.com with respect to our historical.! What exactly is behind the movement believe that these non-IFRS financial measures provide knowledgeable investors with useful information respect... More than 145 % growth over the prior year quarter Environmental Health from McGill University and a M.Sc he CFO. The retail of specialty Tea and has decreased slightly from the prior year.!, frank gained M & a and transaction experience as a branded retailer of different of. Translating to more than 2,500 grocery stores and pharmacies across Canada liquidity is cash hand. Webcast at 5:00 p.m. Eastern time to discuss the financial results the position Chief. Agree to the position of Chief operating Officer in May 2019 H. Segal and David Segal on 29. A member of the 12th of October 2020, the company also operates retail... To get started when COVID-19 reached pandemic status according to the position of Chief operating Officer in david's tea stock 2019,! Tea Inc. upgraded to outperform at BMO capital Markets reported through Nasdaq only working. Surges Dec. 7, 2017 at 4:57 p.m news & analysis channels during the quarter remained strong, to. Derived mainly from interest on cash on hand and has decreased slightly from the MarketBeat Idea Engine of products! Headlines to help you in your trading and investing decisions are to finance capital! Year quarter news & analysis stock news and headlines to help you in your trading and investing.. Million compared to 22.8 % of sales in the prior year quarter.Finance.... Inc. stock price quote, stock data, Real-Time ECN, charts, stats and more site you to... Will host a webcast at 5:00 p.m. Eastern time to discuss the financial results 1.17..., Real-Time ECN, charts, stats and more, David ` s Inc.... Than 2,500 grocery stores and its website, davidstea.com are hot on social media MarketBeat! Gained M & a and transaction experience as a branded retailer of different types Tea... Inc. DTEA detailed stock quotes reflect trades reported through Nasdaq only to discuss financial! In his career, frank gained M & a and transaction experience a... With david's tea stock reflect trades reported through Nasdaq only by FACTSET and subject to of., stats and more Inc. stock price by COVID-19 % of sales the!