DavidsTea: Fiscal Q1 Earnings Snapshot
Posted June 15, 2021 6:09 pm.
Last Updated June 15, 2021 6:24 pm.
MOUNT-ROYAL, Quebec (AP) _ DavidsTea Inc. (DTEA) on Tuesday reported fiscal first-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Mount-Royal, Quebec-based company said it had profit of 10 cents. Earnings, adjusted for non-recurring gains, were 4 cents per share.
The beverage company posted revenue of $18.5 million in the period.
DavidsTea shares have more than doubled since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.31, more than quadrupling in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DTEA at https://www.zacks.com/ap/DTEA
The Associated Press
