DavidsTea (DTEA) reported earnings on Wed 7 June 2017 (a/h)

** charts after earnings **

 

• DavidsTea reports 1Q loss

MONTREAL (AP) _ DavidsTea Inc. (DTEA) on Wednesday reported a fiscal first-quarter loss of $270,000, after reporting a profit in the same period a year earlier.

On a per-share basis, the Montreal-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, were 3 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.

The beverage company posted revenue of $36.3 million in the period.

DavidsTea shares have fallen 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.15, a drop of 48 percent in the last 12 months.

DAVIDsTEA (DTEA) reported earnings on Thur 10 Dec 2015 (a/h)

** charts before earnings **

 ** charts after earnings **

DAVIDsTEA beats by $0.01, beats on revs; guides Q4 ~in-line :

• Reports Q3 (Oct) loss of CC$0.03 per share, CC$0.01 better than the Capital IQ Consensus of (CC$0.04); revenues rose 32.5% year/year to CC$36.3 mln vs the CC$34.55 mln Capital IQ Consensus.
  • Comps +6.3% vs. slightly above mid single digit growth guidance.
• Co issues guidance for Q4, sees EPS of C$0.42-0.44, excluding non-recurring items, vs. C$0.43 Capital IQ Consensus Estimate; sees Q4 revs of C$70-72 mln vs. C$72.39 mln Capital IQ Consensus; comps slightly above mid-single digit growth.

David's Tea (DTEA) posts first quarter loss, shares crash 25% (6/15)

David’s Tea lost 93.2 million Canadian dollars, an equivalent of $75.7 million. The company also reported a loss of C$7.73 per diluted share. Excluding the IPO and other one-time costs, net income was reported as C$1.1 million, dropping from C$1.4 million in the first quarter of 2014.

The earnings report also pointed to the operating costs of a weaker Canadian dollar as a reason for the loss.

(chart Dec 2016)

Company had it's IPO just 2 weeks ago