DAVIDsTEA Provides Business and Financial Performance Update [Canadian Business Journal (Canada)]
DAVIDsTEA Inc. (DTEA)
Last davidstea inc. earnings: 12/7 04:01 pm
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Source: Canadian Business Journal
MONTREAL, April 27, 2020 (GLOBE NEWSWIRE) — DAVIDsTEA Inc. (Nasdaq:DTEA“DAVIDsTEA was born out of a true passion for connecting consumers to the tea they love, and we are grateful that tea lovers can take comfort in our tea products and the health and wellness benefits they offer during these uncertain times. We continue to monitor the evolving situation in order to make the right decisions to align our business and operations to a new reality,” stated Herschel Segal, Founder, Chairman and Interim CEO of DAVIDsTEA.The Company started the First Quarter of Fiscal 2020 with $46.1 million of cash and, as previously announced, temporarily closed all of its 231 stores in Canada and the United States effective March 17, 2020. As of this date, all stores remain closed, and management is monitoring the situation closely. The Company continues to offer its products directly to consumers through its online platform and in over 2,500 supermarkets and drugstores across Canada.As the Company adapts
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