DAVIDsTEA Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was CAD 12.15 million compared to CAD 16.18 million a year ago. Net loss was CAD 3.73 million compared to CAD 4.72 million a year ago. Basic loss per share from continuing operations was CAD 0.14 compared to CAD 0.18 a year ago. Diluted loss per share from continuing operations was CAD 0.14 compared to CAD 0.18 a year ago.
For the nine months, sales was CAD 36.29 million compared to CAD 51.67 million a year ago. Net loss was CAD 9.97 million compared to CAD 11.53 million a year ago. Basic loss per share from continuing operations was CAD 0.37 compared to CAD 0.44 a year ago. Diluted loss per share from continuing operations was CAD 0.37 compared to CAD 0.44 a year ago.