REFILE-BUZZ-Davidstea Inc: Reports loss in first report as public company

Tue Jun 16, 2015 4:57pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Adds dropped word "loss" in third bullet)

** Canadian specialty tea retailer's shares down 9 pct at $26.76 after market

** Reports loss in its first quarterly report as a public company

** Higher costs and stronger dollar push company to C$93.8 mln loss compared with C$1.4 mln profit a year ago

** Revenue up about 30 pct, a growth rate that is slightly shy of the 31 pct increase clocked in fiscal 2014

** Up to Tuesday's close, stock had risen nearly 52 pct since the company's market debut on June 5