DAVIDsTEA (DTEAF) has released an update.
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DAVIDsTEA has reported a promising financial performance for the second quarter of fiscal 2024, with a notable 12.8% increase in sales to $11.1 million and a significant rise in gross profit margin to 47.3%. The company also successfully reduced its net loss to $1.5 million, down from $4.3 million the previous year, and is expanding with new store openings in Montreal.
For further insights into DTEAF stock, check out TipRanks’ Stock Analysis page.
