Reuters
2023.02.02 23:10

Davidstea Inc Temporary Lay-Off Of 15% Of Head-Office Staff

Feb 2 (Reuters) - DAVIDsTEA Inc (DTEA.O) : * DAVIDSTEA INC - TEMPORARY LAY-OFF OF 15% OF HEAD-OFFICE STAFF AND CUTTING OTHER EXPENSES BY $6.0 MILLION TO $8.0 MILLION * DAVIDSTEA INC - SALES FOR Q4 ESTIMATED BETWEEN $29.0 MILLION AND $31.0 MILLION * DAVIDSTEA INC - FULL-YEAR FISCAL 2022 REVENUES ARE ESTIMATED BETWEEN $80.0 MILLION AND $82.0 MILLION