For its second quarter that ended in early August 2026, DAVIDsTEA Inc. reported sales of $11.5-million(Cdn), a 3.3 percent increase over the previous year. The increase was driven by higher brick-and-mortar sales, partially offset by lower wholesale sales, while online sales increased modestly. Canadian sales increased $0.5 million, or 5.5 percent, to $10.5 million, representing 91.5 percent of total sales. The increase reflected contributions from the Laurier Québec City store, opened in December 2025, and the Oshawa store, opened in June 2026, as well as growth across the existing store base. Comparable-store sales increased 4.4 percent, compared with 0.6 percent in Q2 Fiscal 2025. U.S. sales decreased $0.2 million, or 15.2 percent, to $1.0 million, primarily due to U.S.-Canada trade tensions and tariff-related pressure on cross-border e-commerce. “We completed the consolidation of our operating footprint in Montreal and continued executing our store-led growth strategy with the opening of two new locations in the Greater Toronto Area, namely at the Oshawa Centre in June and Square One Shopping Centre in Mississauga post quarter-end,” explained CEO and Chief Brand Officer Sarah Segal. “These flagship stores, which feature a full assortment of loose-leaf teas, signature collections, and seasonal Tea Bar offerings, have enabled DAVIDsTEA to re-engage with communities where it had a strong presence in the past.” Later in the Fall, the company will open locations at Southgate Centre in Edmonton and Metropolis at Metrotown in Burnaby, B.C., with the goal of reaching 25 stores across Canada by the end of its fiscal year. “We are looking forward with excitement to having all the stores operational leading to our seasonally strong fourth quarter,” she added. “Looking ahead to 2027, we are still in the planning phase, but our initial assessment suggests a store expansion similar to 2026.” The company-owned DAVID’sTEA stores featuring the specialty branded selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, tea-related accessories and gifts operate in malls, street front, lifestyle and outlet centres in units in the 500 to 1000 square foot range. Oberfeld Snowcap handles the site selection for the company with Elise Hazen responsible for Canada and Justin Uditsky handles the U.S. real estate selection.
Oberfeld Snowcap, 8300 Decarie Blvd., Suite 600, Montreal, Quebec H4P 2P5 (Elise Hazen – 514/906-4394 elise@oberfeldsnowcap.com) & (Justin Uditsky – 561/299-6261 justin@oberfeldsnowcap.com)
DAVID’sTEA Inc., 5430 Ferrier St., Mont-Royal, Quebec H4P 1M2 (888/873-0006 www.davidstea.com)