DAVIDsTEA Inc. (DTEAF) Q1 2025 Earnings Call Transcript

DAVIDsTEA Inc. (OTCPK:DTEAF) Q1 2025 Earnings Conference Call June 17, 2025 8:30 AM ET

Company Participants

Frank Zitella - President, CFO, COO & Corporate Secretary
Sarah Segal - CEO, Chief Brand Officer & Director

Operator

Good morning, ladies and gentlemen. Welcome to DAVIDsTEA's First Quarter Results Webcast for Fiscal 2025. Today's webcast is being recorded [Operator Instructions]

Before we begin, I'd like to remind you that this webcast contains forward-looking statements regarding our expectations for the business in the coming quarter and fiscal year. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Additional information on these risks can be found under the heading Risk Factors and Uncertainties in the Management's Discussion and Analysis of Financial Condition and Results of Operations, the MD&A, which was filed with Canadian regulatory authorities and is available on the www.sedarplus.ca as well as in the Investor Relations section of our website at www.davidstea.com.

Forward-looking statements speak only as of today's date, and the company undertakes no obligation to update or revise them. If any non-IFRS financial measures are referenced during this webcast, you'll find a reconciliation to the most directly comparable IFRS measure in the MD&A.

Please note that all dollar amounts discussed are in Canadian dollars unless otherwise indicated.

With that, I'll now turn the call over to Sarah Segal, Chief Executive Officer and Chief Brand Officer of DAVIDsTEA.

Sarah Segal

Thank you, operator. Good morning, everyone, and thank you for joining us today. Fiscal 2025 is off to a strong start, underscoring the momentum of our turnaround strategy and our progress towards sustainable profitable growth. Our performance this quarter reflects the steady execution of our omnichannel growth strategy and highlights the progress we have made across our operations.

I'll address 3 key