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DAVIDsTEA Announces Results of Annual Meeting
Globenewswire· 2025-07-10 11:49
Core Points - DAVIDsTEA Inc. held its annual meeting of shareholders in Montreal, where five nominees were elected as directors with high approval rates, ranging from 99.08% to 99.10% [1] - Ernst & Young LLP was re-appointed as the auditor for DAVIDsTEA, and a resolution was adopted to amend the 2015 Omnibus Equity Incentive Plan to increase the number of common shares available for issuance [1] Company Overview - DAVIDsTEA is a leading North American tea merchant offering a specialty selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories [2] - The company operates through its e-commerce platform and has a presence in over 4,000 grocery stores and pharmacies, 1,500 convenience stores in Canada, and 900 grocery stores in the United States, along with 20 company-owned stores across Canada [2] - DAVIDsTEA focuses on innovative flavors, wellness-driven ingredients, and organic tea, launching seasonally driven collections to make tea fun and accessible [2]
DAVIDsTEA Delivers Strong Start to Fiscal 2025 with Higher Margins and Profitability Gains in Q1
Globenewswire· 2025-06-17 11:00
Q1 sales reached $13.5 million, representing a 0.6% increase year-over-yearGross profit margin rose to 51.1%, up from 43.3% in Q1 2024Net loss significantly reduced to $0.2 million compared to $2.6 million in Q1 2024Adjusted EBITDA turned positive at $1.6 million versus negative $0.8 million in Q1 2024Cash position strengthened to $10.4 million, up from $8.8 million in Q1 2024 MONTREAL, June 17, 2025 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading North Ameri ...
DAVIDsTEA Announces Date of First Quarter Fiscal 2025 Earnings
Globenewswire· 2025-06-11 12:30
MONTREAL, June 11, 2025 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) (“DAVIDsTEA” or the “Company”), a leading tea merchant in North America, announced today that its financial results for the first quarter of Fiscal 2025 will be released before markets open on June 17, 2025. The Company will host a webcast same day at 8:30 a.m. Eastern Time to discuss the financial results. Details of the webcast Via the internet at: www.davidstea.com, in the "investor" section, or at: https://www.gowebcasting.co ...
ResMed (RMD) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2025-06-04 14:51
Group 1: Zacks Premium Overview - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence, including daily updates on Zacks Rank and Industry Rank, access to the Zacks 1 Rank List, Equity Research reports, and Premium stock screens [1] - The service also includes Zacks Style Scores, which are designed to assist investors in selecting stocks with the highest potential to outperform the market in the short term [2] Group 2: Zacks Style Scores - Zacks Style Scores consist of four categories: Value Score, Growth Score, Momentum Score, and VGM Score, each providing insights based on different investment strategies [3][4][5][6] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score evaluates a company's future earnings and financial health to identify stocks with sustainable growth potential [4] - The Momentum Score helps investors capitalize on price trends by analyzing recent price changes and earnings estimate revisions [5] - The VGM Score combines all three Style Scores to highlight stocks with the best value, growth, and momentum characteristics [6] Group 3: Zacks Rank and Style Scores Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7][8] - To maximize returns, investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B [9] - Stocks rated 4 (Sell) or 5 (Strong Sell) should be avoided, even if they have high Style Scores, due to declining earnings forecasts [10] Group 4: Company Spotlight - ResMed, Inc. - ResMed, Inc. is a key player in the market for sleep-disordered breathing and respiratory disorder treatment products, holding a 3 (Hold) Zacks Rank and a VGM Score of B [11] - The company is particularly appealing to growth investors, with a Growth Style Score of B and a projected year-over-year earnings growth of 22.8% for the current fiscal year [12] - Recent upward revisions in earnings estimates by five analysts for fiscal 2025 have led to an increase in the Zacks Consensus Estimate to $9.48 per share, alongside an average earnings surprise of 4.2% [12]
DAVIDsTEA Delivers Strong Turnaround in Fourth Quarter and Full Year Fiscal 2024 Results
Globenewswire· 2025-05-28 11:00
Fiscal 2024 Q4 2024 MONTREAL, May 28, 2025 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, announced today its fourth quarter and full-year results for the period ended February 1, 2025 ("Fiscal 2024"). "Fiscal 2024 proved to be a positive turnaround year for DAVIDsTEA, marked by incremental sales growth, gross profit improvement and positive cash flow from operations," said Sarah Segal, Chief Executive Officer and Chief Brand O ...
The Tile Shop Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 11:00
Financial Performance - Net sales for the first quarter of 2025 decreased by $3.7 million, or 4.1%, compared to the first quarter of 2024, with comparable store sales also declining by 4.0% due to decreased traffic [2][5] - Gross profit decreased by $2.2 million, or 3.7%, but the gross margin rate improved by 20 basis points to 66.0% compared to 65.8% in the prior year, attributed to lower inventory write-offs [6] - Net income for the first quarter of 2025 was $0.2 million, a significant decrease from $1.7 million in the same period of 2024, with adjusted EBITDA falling to $4.6 million from $7.4 million [2][10][27] Operational Insights - The company maintained a gross margin of 66.0% and reported income from operations as a percentage of net sales at 0.2%, down from 2.5% in the previous year [2][28] - Selling, general, and administrative expenses slightly decreased by $0.1 million, primarily due to reductions in depreciation and costs associated with the closure of a distribution center [7] - The company had no debt outstanding and reported cash and cash equivalents of $27.1 million at the end of the quarter, an increase from $21.0 million at the end of 2024 [9][25] Management Strategy - The CEO emphasized the focus on innovation and customer experience, particularly for professional customers, while also addressing cost pressures from recent U.S. trade policy changes, including increased tariffs [3] - The company is evaluating multiple options to manage anticipated cost pressures, including sourcing adjustments and pricing strategies, leveraging a diversified supplier base [3] Market Position - As of March 31, 2025, the company operated 142 stores across 31 states and the District of Columbia, maintaining the same number of stores as the previous year [22] - The company continues to be a specialty retailer of natural stone, man-made, and luxury vinyl tiles, with a commitment to high-quality products and exceptional customer service [22]
DAVIDsTEA Announces Date of Fourth Quarter and Year End Fiscal 2024 Earnings
Globenewswire· 2025-05-07 12:29
Via the internet at: www.davidstea.com, in the "investor" section, or at: https://www.gowebcasting.com/14016 An online archive of the webcast will be available within two hours of the conclusion of the call and will remain available for 30 days. MONTREAL, May 07, 2025 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (TSX-Venture: DTEA) ("DAVIDsTEA" or the "Company"), a leading tea merchant in North America, announced today that its financial results for the fourth quarter of Fiscal 2024 will be released before markets op ...
The Tile Shop to Host First Quarter 2025 Earnings Conference Call
GlobeNewswire News Room· 2025-05-01 21:00
Core Viewpoint - Tile Shop Holdings, Inc. is set to release its financial results for the first quarter ended March 31, 2025, on May 8, 2025, at 7:00 a.m. Eastern Time [1] Group 1: Financial Results Announcement - The Company will host a conference call via webcast for investors on May 8, 2025, at 9:00 a.m. Eastern Time [2] - The call will be led by the CEO, CFO, and Investor Relations [2] - A webcast replay will be available on the Company's Investor Relations page [3] Group 2: Disclosure Practices - The Company plans to use its website for disclosing material non-public information in compliance with Regulation FD [4] - Investors are encouraged to monitor the Company's website for updates, press releases, and SEC filings [4] Group 3: Company Overview - Tile Shop is a specialty retailer of natural stone tiles, man-made and luxury vinyl tiles, and related accessories in the U.S. [5] - The Company operates 142 stores across 31 states and the District of Columbia [5] - Tile Shop is affiliated with several industry organizations, including ASID, NAHB, NKBA, and NTCA [6]