DAVIDsTEA Inc V.DTEA

Alternate Symbol(s): DTEAF

Consumer Defensive Food Distribution

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 Dec 12, 2023 8:35am

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Post# 35779513

DTEA: Zero debt and $20 million in cash at the end of Q4

The cost containment plan of 2023 works and SG&A have dropped a lot compared to prior year.

So DTEA has almost $12 million in cash at the end of Q3 and the weak quarters are behind us.

DTEA will be profitable while also generating positive operating cash flow in Q4, its strongest quarter, and its cash will exceed $20 million. So DTEA will end the year with about $20 million and zero debt.

The recent expansion in the U.S. and Canada coupled with the new hirings (CMO, CDO) will help DTEA grow its business in 2024.

Again. The worst is behind us. A new era of growth has begun.

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