Post by
stockfy on Dec 09, 2024 3:24am
DAVIDsTEA (DTEA): Web traffic in Nov 2024 is 1.1M, up 47%
Good news. DTEA's website traffic was 1.1 million in November 2024, which is an excellent starting point for the company's online sales in Q4.
So web traffic in Nov 2024 was up 47% sequentially, according to similarweb, and Q4 is DTEA's strongest quarter.
It's also expected that web traffic will stay above 1 million visitors for the entire Q4 that begins in Nov and ends in Jan.
The company also has a wholesale segment and a brick-and-mortar segment. The latter is expected to increase its sales on YOY basis thanks mainly to the new stores in the malls Royalmount and Eaton Center.
If DTEA continues to reduce its costs and expenses, according to its turnaround plan, Q4 will be solidly profitable with strong operating cash flow and strong free cash flow in Q4, so it will increase significantly its cash at the end of Q4.
Importantly, its debt is zero.