DAVIDsTEA Inc. (DTEAF) Q2 2027 Earnings Call Prepared Remarks Transcript

DAVIDsTEA Inc. ( DTEAF ) Q2 2027 Earnings Call September 22, 2026 8:30 AM EDT Company Participants Sarah Segal - CEO, Chief Brand Officer & Director Frank Zitella - President, CFO, COO & Corporate Secretary Presentation Operator Good morning, ladies and gentlemen. Welcome to DAVIDsTEA's Second Quarter Results Webcast for Fiscal 2026. Today's webcast is being recorded and is in a listen-only mode. Before we get started, I would like to remind you of the company's safe harbor language. This webcast includes forward-looking statements about expectations for the performance of the business in the coming quarter and year. Each forward-looking statement contained in this webcast is subject to risks and uncertainties that could cause actual results to differ materially from those projected in such statements. Additional information regarding these factors appears 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 www.sedarplus.ca. Forward-looking statements in this discussion speak only as of today's date, and the company undertakes no obligation to update or revise any of these statements. If any non-IFRS financial measure is used during this webcast, reconciliation to the most directly comparable IFRS financial measure will be detailed in the MD&A. As a reminder, all dollar amounts referred to are in Canadian dollars, unless otherwise indicated. Now, I would like to turn the call over to Sarah Segal, Chief Executive Officer and Chief Brand Officer of DAVIDsTEA. Sarah Segal CEO, Chief Brand Officer & Director Good morning, everyone, and thank you for joining us today. While Q2 is generally our seasonally weakest period, we are pleased with our performance in the quarter. Sales from our brick-and-mortar stores were up 9.6%, including comparable store sales growth of 4.4% and strong contributions from new stores, while we expanded