DAVIDsTEA Inc V.DTEA

Alternate Symbol(s): DTEAF

Consumer Cyclical Specialty Retail

DAVIDsTEA Inc. is a Canada-based tea merchant that offers a specialty branded selection of loose-leaf teas, pre-packaged teas, tea sachets, tea-related accessories and gifts. The Company provides its products through its e-commerce platform at www.davidstea.com and the Amazon Marketplace, its wholesale customers, which include over 4,000 grocery stores and pharmacies in Canada and 170 grocery stores in the United States, as well as 18 Company-owned stores across Canada. It offers primarily proprietary tea blends, as well as traditional single-origin teas and herbs. Its segments include Canada and the U.S. It provides various types of tea, including herbal tea, green, black, white, matcha, rooibos, oolong, Pu'erh and mate. Its tea-related accessories include teapots, teacups, large cups and cups Nordic, travel cups and cups, infusers and other accessories. It offers voted back teas, cold brew teas, iced teas, mocktail teas, tea for kids, garden to cup teas and organic teas.

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DAVIDsTEA Inc

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Post by stockfyon Sep 19, 2023 2:46pm

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Post# 35643914

DTEA: Website traffic goes up 150% in August sequentially

DTEA's business is highly seasonal and Q2 is the slowest quarter, so the worst is behind us.

Here is the good news.

According to similarweb below, DTEA's website traffic went up about 150% in August 2023 compared to July 2023:

DTEA's website traffic in August 2023

This is a strong indication that online revenue went up significantly in August compared to July.

Online revenue is DTEA's biggest portion of revenue and August is the first month of Q3.

Given that this strong uptrend in website traffic is expected to continue in September and October, online revenue will go up significantly in Q3 compared to Q2.

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