DAVIDsTEA Inc. reported earnings results for the third quarter and nine months ended October 29, 2022. For the third quarter, the company reported sales was CAD 16.18 million compared to CAD 22.2 million a year ago. Net loss was CAD 4.72 million compared to CAD 1.86 million a year ago. Basic loss per share from continuing operations was CAD 0.18 compared to CAD 0.07 a year ago. Diluted loss per share from continuing operations was CAD 0.18 compared to CAD 0.07 a year ago.
For the nine months, sales was CAD 51.67 million compared to CAD 64.2 million a year ago. Net loss was CAD 11.53 million compared to net income of CAD 76.84 million a year ago. Basic loss per share from continuing operations was CAD 0.44 compared to basic earnings per share from continuing operations of CAD 2.92 a year ago. Diluted loss per share from continuing operations was CAD 0.44 compared to diluted earnings per share from continuing operations of CAD 2.79 a year ago.