DAVIDsTEA (DTEA): Positive Outlook, More Stores, 400-500%Tea lovers know that DTEA's wide variety of premium teas stand out from the crowd combining innovative proprietary flavors with high quality. Those who buy mass brands such as LIPTON from the supermarket shelves have no clue about tea quality, because all teas are not created equal.
So debt-free DTEA is going to open more brick and mortar stores in the next quarters, which will help it increase its revenue and profitability, based on these excerpts from Q3 2024:
"In September, we launched our 19th store at the prestigious Royalmount Mall followed by the opening of our 20th store at Montreal's Eaton Centre in November. These latest milestones highlight our commitment to the sensory in-store retail experience and strengthening of our presence in key markets. Our focus remains on delivering exceptional value, service, and innovation, ensuring we meet customers wherever they are. At the same time, we are steadfast in our intent to significantly expand our store footprint over the next three years and drive sustained, profitable growth, while reconnecting with many communities that already know us,” added Ms. Segal.
and this one:
"The Company is progressing toward positive earnings, which will strengthen its balance sheet, support working capital, and enable future investments."
Statistically speaking, the stocks with a successful turnaround strategy vastly outperform, so debt-free DTEA could deliver 400% and 500% by the end of 2025, given also that its current Enterprise Value at C$0.50 is almost ZERO.
https://www.globenewswire.com/news-release/2024/12/17/2998093/0/en/DAVIDsTEA-Reports-Improved-Financial-Results-for-Third-Quarter-of-Fiscal-2024.html