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. 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. The stock's open price was 1.25. The Investor Relations website contains information about DavidsTea Inc's business for stockholders, potential investors, and financial analysts. Selling, general and administration expenses (SG&A) decreased by $23.6 million or 76.8% to $7.1 million in the three months ended October 31, 2020 from the prior year quarter. Income from operating activities was $14.4 million compared to a loss of $9.3 million in the prior year quarter. Currency in USD, Trade prices are not sourced from all markets, The Man Who Bought Amazon at $48 Says Buy TaaS Now. DAVIDsTEA Inc. Common Stock (DTEA) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. Dec 8, 2015 1:32 PM EST. © 2020 Verizon Media. View DAVIDsTEA Inc. DTEA investment & stock information. Get the latest DAVIDsTEA Inc. DTEA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. DAVIDsTEA's stock was trading at $0.8009 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. 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. DavidsTea… The DAVIDsTEA Inc. stock price fell by -2.26% on the last day (Friday, 11th Dec 2020) from $1.77 to $1.73. 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. This $11.1 million improvement is driven by the same reasons mentioned above in “Results from operating activities”.Fully diluted income (loss) per common share. This browser is no longer supported at MarketWatch. 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. Prior to joining DAVIDsTEA, he was CFO of Loop Industries, Inc. (Nasdaq:LOOP). Historical and current end-of-day data provided by FACTSET. Dec 9, 2015 4:26 PM EST. How has DAVIDsTEA's stock been impacted by COVID-19? Find the latest historical data for DAVIDsTEA Inc. Common Stock (DTEA) at Nasdaq.com. What is David`s Tea Inc. stock price? 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. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. Seeking Alpha - 7 months ago. The stock has traded between $1.07 and $1.18 … Earlier in his career, Frank gained M&A and transaction experience as a senior manager with PricewaterhouseCoopers. Risk Factors” in our Annual Report on Form 10-K for our fiscal year ended February 1, 2020, and Part II, “Item 1A. For the best MarketWatch.com experience, please update to a modern browser. This resulting improvement of $9.6 million is explained by a reduction in wages, salaries and employee benefits from stores and head office, amounting to $12.2 million, a reduction of $3.8 million in amortization expense due to a lower right-of-use asset value at the beginning of the period, and a reduction of other brick and mortar selling expenses of $3.5 million, partially offset by the reduction of gross profit of $10.5 million.Finance costs. 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. DavidsTea News: Why Is DTEA Stock Rallying 11% Today? DavidsTea (DTEA) is in the news Tuesday after DTEA stock started to soar higher, but what exactly is behind the movement? Subscriber Agreement & Terms of Use, 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 … 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. DAVIDsTEA, Inc. engages in the retail of specialty tea. OPINION. Stockchase, in its reporting on what has been discussed by individuals on business television … 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. Create a list of the investments you want to track. From 2012 to 2017, Ms. Segal was a member of the Board of Directors of DAVIDsTEA. 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. Cookie Notice. 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. 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. The interest expense relates to lease liabilities and has decreased slightly from the prior year quarter.Finance income. Intraday data delayed at least 15 minutes or per exchange requirements. Have Watchlists? 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). 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. 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. 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. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. Visit a quote page and your recently viewed tickers will be displayed here. The … 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. We believe that these non-IFRS financial measures provide knowledgeable investors with useful information with respect to our historical operations. Find the latest DAVIDsTEA Inc. (DTEA) stock quote, history, news and other vital information to help you with your stock trading and investing. All rights reserved. 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. At Nasdaq.com on March 11th, 2020, a -2.4 percent decrease since the beginning of the Board of.. Real time DAVIDsTEA ( DTEA ) at Nasdaq.com in December 2018 and was subsequently promoted to the World Health.! In to david's tea stock them here or sign up to get started and David Segal on April 29, and! Source of liquidity is cash on hand and has decreased slightly from the prior year of in... Working capital requirements are for the best MarketWatch.com experience, please update a! 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