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Roots reports $5.2M Q2 loss compared with $5.3M loss a year ago, sales down
TORONTO — Retailer Roots Corp. says it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.
The company says the loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.
Sales for what was the company's second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.
The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.
The company's partners and other sales segment totalled $11.3 million, down from $12.3 million.
On an adjusted basis, Roots says it lost 11 cents per share in its latest quarter compared with an adjusted loss of 12 cents per share a year earlier.
This report by The Canadian Press was first published Sept. 13, 2024.
Companies in this story: (TSX:ROOT)
