DAVIDsTEA, Inc. Stock News
$0.62
4.42%
Nasdaq,
Thu, Apr 03 2025
DAVIDsTEA, Inc. Stock News
Positive
Seeking Alpha
●
3 months ago
Following years of sales declines and outsized losses, Canadian tea retailer and merchant DAVIDsTEA has regained its footing in recent quarters. The company's Q3/FY2024 results showed strong sales and margin improvements, thus resulting in meaningful cash flow from operations. In addition, the recent transition to a new IT platform will result in annual cost savings of $4 million.
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