DAVIDsTEA Inc V.DTEA

Alternate Symbol(s): DTEAF

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 Oct 12, 2024 5:22am

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Post# 36263680

DTEA's new store in Montreal's Royalmount is next to SBUX's

DAVIDsTEA (DTEA) new store in Royalmount mega mall is next to Starbucks', both stores are located at Level 2.

Given that SBUX is very popular with too many visitors daily, SBUX's customers will also have the chance to visit DTEA's store and get more familiar with its excellent tea blends that stand out from the crowd. And/or they can go to DTEA's store when SBUX's store is full.

So this is a very strategic location that is expected to help DTEA increase significantly its revenue in Q3 and Q4 2024 compared to prior year period.

Moreover, DTEA is expected to significantly increase its revenue in Q3 2024 compared to prior year period based on the company's recent early guidance that shows strong revenue YoY growth of 18%:

“Sales momentum continues into the early third quarter with revenues up more than 18% compared to the same period in 2023. We are excited to mark our renewed focus on brick-and-mortar retail with the opening of a new location in the Royalmount Mall in Mount Royal, Quebec, and look forward to launching a new store in downtown Montreal in early November, raising the total number of flagship stores to 20. As we prepare for the revenue-intensive third and fourth quarters, our focus remains on delivering excellent value, service and innovation to our consumers,” added Ms. Segal.

Many tea fans from Instagram and TikTok have already made positive comments about DTEA's store in Royalmount, looking forward to visiting DTEA's new store, which bodes well for DTEA's revenue effective Q3 2024:

https://www.instagram.com/davidstea/reel/C_d52WYy3LI/

https://www.tiktok.com/@davidstea/video/7411704477792881926

On top of this, there is one more DTEA store opening in the Eaton Center mall in downtown Montreal in early November that is expected to further increase the company's revenue in Q4 2024 (November, December, January) compared to prior year period.

“Sales momentum continues into the early third quarter with revenues up more than 18% compared to the same period in 2023. We are excited to mark our renewed focus on brick-and-mortar retail with the opening of a new location in the Royalmount Mall in Mount Royal, Quebec, and look forward to launching a new store in downtown Montreal in early November, raising the total number of flagship stores to 20. As we prepare for the revenue-intensive third and fourth quarters, our focus remains on delivering excellent value, service and innovation to our consumers,” added Ms. Segal.

Here are all the brands available at Royalmount as of opening day: