DavidsTea Q1 FY26 net income returns to profit at C$61,000; sales fall 5.2% to C$13.02 million

DAVIDsTEA, Inc.

DTEA

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DavidsTea posted Q1 fiscal 2026 net income of CAD 61,000, swinging from a loss a year earlier as results from operating activities rose to CAD 214,000.
Sales fell 5.2% to CAD 13.02 million, with U.S. sales down 27.7% to CAD 1.36 million.
Gross margin edged up 0.2 percentage point to 59.7% as SG&A declined 10.7% to CAD 6.28 million.
Adjusted EBITDA was CAD 1.62 million, with margin expanding about 1 percentage point to 12.5% of sales.
Management said a Chicago fulfillment partner is now fully operational; it plans four store openings in fiscal 2026, targeting 25 Canadian stores by year-end.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. DavidsTea Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605270700NEWSFILECNPR____20260527_298978_1) on May 27, 2026, and is solely responsible for the information contained therein.

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