Revenue Update on DavidsTea Inc(NASDAQ:DTEA)

DavidsTea Inc(NASDAQ:DTEA) announced the earnings results for Fiscal Year 2015 and Q4. The results came in during After-hours on Apr 12, 2016. Earnings per share were $0.35.

DavidsTea Inc (DTEA) shares turned negative on Fridays trading session with the shares closing down -0.06 points or -0.53% at a volume of 2,79,262. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $11.845. The peak price level was also seen at $11.845 while the days lowest was $11. Finally the shares closed at $11.19. The 52-week high of the shares is $29.97 while the 52-week low is $8.88. According to the latest information available, the market cap of the company is $270 M.

DAVIDsTEA Inc is a Canada-based company engaged in the tea retail. The Company operates an online shop as well as a chain of tea stores under DAVIDsTEA brand name in Canada and the United States. It distributes a variety of traditional straight teas with blends and flavors. The Company develops teas with ingredients sourced worldwide. Its product offer comprises citrus cupcake and ayurvedic teas black green white and herbal teas rooibos mate pu’erh oolong as well as breakfast chocolate and licorice teas among others. Furthermore the Company sells a range of accessories and gift products such as mugs teapots kettles infusers filters spoons sweeteners as well as hand creams and body lotions.

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