Canada's DAVIDsTEA Q3 sales fall 10% on tariff impact

DavidsTea

16/12/2025 12:10

Overview

North American tea merchant's fiscal Q3 sales fell 10.2% yr/yr

Net loss narrowed to C$0.6 mln from C$1.6 mln in prior-year qtr

Company completed C$2.7 mln revenue-linked financing during the qtr

Outlook

DAVIDsTEA plans to open up to six new stores in fiscal 2026

Company adapting supply chain to mitigate U.S. tariffs impact

DAVIDsTEA aims for sustained, profitable growth through omnichannel strategy

Result Drivers

BRICK-AND-MORTAR SALES - Co reported a 2.9% increase in brick-and-mortar sales, highlighting retail momentum

SG&A COST REDUCTION - SG&A expenses decreased 26.5% due to lower IT costs and reduced marketing expenses

ONLINE AND WHOLESALE DECLINE - Online and wholesale sales decreased due to economic conditions and U.S. tariffs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
C$12.61 mln
Q3 Adjusted EPS
-C$0.02
Q3 Net Income
-C$641,000
Q3 Adjusted EBITDA
C$802,000


Press Release: ID:nGNX1vw7PV

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)