Jun. 17 at 11:23 AM
$DTEAF DavidsTea reports Q1 adjusted EPS C
$0.01 vs. (C
$0.06) last year
Reports Q1 revenue C
$13.5M vs. C
$13.4M last year. "Our first-quarter performance demonstrates consistent execution of our omni-channel growth strategy and significant operational progress. Retail store sales rose 11.5% year-over-year, including 2.8% comparable store sales growth, while gross profit margin exceeded 51% of sales. With adjusted EBITDA reaching
$1.6 million, these are meaningful steps forward in our turnaround journey," said Sarah Segal, CEO.
"As we enter the summer season, we are preparing to launch new retail locations this fall-an important milestone in our broader growth strategy. These openings are designed to strengthen revenue performance and support our goal of achieving a compound annual growth rate of more than 10% over the next three years.
We also expect positive momentum across our e-commerce and wholesale channels. At the core of our strategy is a commitment to sustainable, long-term growth, through optimizing our retail footprint, elevating the brand experience at every touchpoint, and deepening customer engagement," stated Ms. Segal.
