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GlobeNewsWire
1 year ago
DAVIDsTEA Reports Fourth Quarter and Full Year Fiscal 2023 Financial Results
Fiscal 2023 Sales of $60.6 million Net loss of $13.8 million Adjusted EBITDA of negative $5.4 million Cash position of $12.6 million Company enters into non-binding term sheet for revolving line of credit of up to $12.0 million Q4 Fiscal 2023 Sales of $24.4 million Net loss of $3.9 million Adjusted EBITDA of $0.5 million MONTREAL, May 02, 2024 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today its fourth quarter and full-year results for the period ended February 3, 2024 (“Fiscal 2023”). “Fiscal 2023 was a challenging year as our online business didn't perform as well as other channels,” said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.