DAVIDsTEA, Inc. (DTEA) Q4 2023 Earnings Call Transcript Summary
DAVIDsTEA, Inc. (DTEA) Q4 2023 Earnings Call Transcript Summary
The following is a summary of the DAVIDsTEA, Inc. (DTEA) Q4 2023 Earnings Call Transcript:
以下是 DavidStea, Inc. (DTEA) 2023 年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
DAVIDsTEA reported a decrease in total sales to $12.1 million in Q3 2023, down from $16.2 million in Q3 2022.
Online sales dropped by 45.1% year-over-year.
Gross profit margin showed improvement at 37.9%, due to lower unit cost in fulfilling online orders.
The company reported net losses of $3.7 million, marking an improvement from $4.7 million in Q3 of 2022.
Adjusted EBITDA was reported at negative $2.5 million compared to negative $2 million for the same quarter last year.
The company maintained discipline in its cost control measures leading to reduced SG&A expenses.
The company ended Q3 with $11.7 million in cash and working capital of $20.1 million, without any interest-bearing debt.
DavidStea報告稱，總銷售額從2022年第三季度的1,620萬美元下降至2023年第三季度的1,210萬美元。
在線銷售同比下降45.1％。
由於完成在線訂單的單位成本降低，毛利率提高了37.9％。
該公司公佈的淨虧損爲370萬美元，較2022年第三季度的470萬美元有所改善。
據報道，調整後的息稅折舊攤銷前利潤爲負250萬美元，而去年同期爲負200萬美元。
該公司在成本控制措施中保持紀律，從而減少了銷售和收購費用。
截至第三季度，該公司擁有1170萬美元的現金和2,010萬美元的營運資金，沒有任何計息債務。
Business Progress:
業務進展：
DAVIDsTEA initiated new go-to-market strategies and strengthened its marketing team to stimulate growth, which includes entry into the U.S. wholesale market and further expansion in Canada.
Adriana Germilli was appointed as Vice President of Marketing and Damon Sloane as Chief Digital Officer in order to strengthen the company's brand and online customer service.
Expansion in existing Canadian markets was facilitated via store-in-store models.
As part of improving the brand experience, the company internalized delivery services, resulting in an efficient fulfilment of Black Friday orders and better order processing.
There was a significant increase in wholesale channel sales by 56.3% to $2.5 million, hence raising its contribution to total revenues from 10% to 21%.
The company is on track with its cost-cutting measures, targeting a reduction of $8 million to $10 million for the fiscal year.
DavidStea啓動了新的市場進入戰略，並加強了其營銷團隊以刺激增長，其中包括進入美國批發市場和在加拿大的進一步擴張。
阿德里亞娜·格米利被任命爲營銷副總裁，達蒙·斯隆被任命爲首席數字官，以加強公司的品牌和在線客戶服務。
店中店模式促進了加拿大現有市場的擴張。
作爲改善品牌體驗的一部分，該公司內部化了配送服務，從而高效地完成了黑色星期五的訂單並改善了訂單處理。
批發渠道的銷售額大幅增長了56.3％，達到250萬美元，因此其對總收入的貢獻從10％提高到21％。
該公司削減成本的措施已步入正軌，目標是在本財年削減800萬至1000萬美元。
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譯文內容由第三人軟體翻譯。