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DAVIDsTEA (DTEA) investor relations material
DAVIDsTEA Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary16 Dec, 2025
Executive summary
Sales reached CAD 12.6 million in Q3 2025, down 10.2% year-over-year, with a net loss of CAD 0.6 million, an improvement from CAD 1.6 million in Q3 2024.
Brick-and-mortar and comparable store sales grew 2.9% year-over-year, building on an 18% surge in the prior year, while online and wholesale channels declined due to economic softness, U.S. tariffs, and the end of the de minimis exception.
SG&A expenses decreased 26.5% to CAD 6.4 million, reflecting a lower operating cost base and improved cost structure.
Store expansion is a key focus, with at least six new stores planned for fiscal 2026 and a goal to double the footprint over three years.
Early Q4 2025 retail trends are positive, with brick-and-mortar sales up mid-single digits year-over-year in the first five weeks.
Financial highlights
Gross profit was CAD 5.9 million (47% of sales), down from CAD 7.2 million (51.5%) in Q3 2024.
Adjusted EBITDA was CAD 0.8 million, down from CAD 1 million in Q3 2024; EBITDA improved to CAD 0.7 million from negative CAD 0.6 million.
Cash flow used from operations was CAD 0.6 million, compared to cash provided of CAD 2.8 million in Q3 2024.
Cash position at quarter-end was CAD 8.1 million, with working capital of CAD 10.7 million.
Fully diluted net loss per share was CAD 0.02, improved from CAD 0.06 loss per share year-over-year.
Outlook and guidance
Early Q4 indicators are positive, with brick-and-mortar sales up mid-single digits year-over-year.
Plans to open at least six new stores in fiscal 2026, aiming for 27 stores by end of 2026 and doubling footprint over three years.
Management remains focused on returning to sustained, profitable growth despite macroeconomic headwinds.
How do new stores boost online/wholesale sales?
What strengthens liquidity for growth strategy?
Key drivers for 2026 profitability
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Next DAVIDsTEA earnings date
Q4 20261 May, 2026
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Frequently asked questions
DAVIDsTEA Inc. operates as a retailer of specialty tea in Canada and the United States. The company offers organic loose leaf teas, herbal teas, blended teas, fruit and berry blends, wellness teas, culinary blends, and other offerings through its stores and online. It also sells merchandise such as packages of teabags; small tins; tea accessories such as strainers, pots and kettles; mugs; coffee cups with saucers; glass growlers; and apparel. The company's products are sourced from various countries from various international suppliers. The company is based in Mount Royal, Canada.
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