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corporate profile

DAVIDsTEA is a fast-growing branded beverage company, offering a differentiated selection of proprietary loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts and accessories through our DAVIDsTEA stores and our website, davidstea.com. We are building a brand that seeks to expand the definition of tea with innovative products that consumers can explore in an open and inviting retail environment. The passion for and knowledge of tea permeates our culture and is rooted in an excitement to explore the taste, health and lifestyle elements of tea.... Read More >>

Press Releases

Monday 21 September 2020

DAVIDsTEA Reports Second Quarter Fiscal 2020 Financial Results

Financial and Operational Highlights : 189.9% increase in e-commerce and wholesale sales to $23.0 million (representing 100% of sales for the quarter) Gross profit of $8.3 million $24 .2 million decrease in SG&A EBITDA of $5.4 million Implementation of Restructuring activities under Companies’