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Bullboard - Stock Discussion Forum 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... see more

TSXV:DTEA - Post Discussion

DAVIDsTEA Inc > DTEA: Website traffic goes up 150% in August sequentially
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Post by stockfy on Sep 19, 2023 2:46pm

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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