DavidsTea Inc (DTEA) reported quarterly earnings results on Tuesday, Apr-12-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.43. The company posted revenue of $75.80 million in the period, compared to analysts expectations of $71.74 million. The company’s revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
DavidsTea Inc closed down -0.14 points or -1.16% at $11.92 with 15,598 shares getting traded on Monday. Post opening the session at $12.07, the shares hit an intraday low of $11.9 and an intraday high of $12.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.