MONTREAL — DavidsTea Inc. brewed its first annual profit in seven years as it capped a recovery year by swinging to a profit in the fourth quarter. The Montreal-based beverage company, which has dramatically restructured its operations, earned $78.1 million in fiscal 2021. That compared with a loss of $55.9 million a year earlier. The annual profit was the first since 2015, when it earned $6.5 million. For the three months ended Jan. 29, DavidsTea earned $1.3 million or five cents per diluted sh
Fiscal 2021 Sales of $104.1 millionNet income of $78.1 millionAdjusted EBITDA of $5.3 millionCash position of $25.1 million Q4 2021 Sales of $39.9 millionNet income of $1.3 millionAdjusted EBITDA of $3.7 million MONTREAL, April 29, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announces its fourth quarter and full year results for the period ended January 29, 2022. “We adapted to changes in consumer habits related
It hasn't been the best quarter for DAVIDsTEA Inc. ( NASDAQ:DTEA ) shareholders, since the share price has fallen 22...