DavidsTea Inc (DTEA) Releases Earnings Results, Beats Expectations By $0.01 EPS

DavidsTea Inc (DTEA) reported quarterly earnings results on Wednesday, Jun-8-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $44.50 million in the period, compared to analysts expectations of $43.33 million. The company’s revenue was up 24.3% compared to the same quarter last year.

DavidsTea Inc opened for trading at $11.7 and hit $11.935 on the upside on Tuesday, eventually ending the session at $11.77, with a gain of 0.51% or 0.06 points. The heightened volatility saw the trading volume jump to 37,210 shares. Company has a market cap of $284 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.

DavidsTea Inc

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