|Bid||1.3600 x 0|
|Ask||1.4000 x 0|
|Day's Range||1.3800 - 1.4000|
|52 Week Range||0.6200 - 2.4300|
|Beta (5Y Monthly)||3.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep. 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.78|
TORONTO, Sept. 16, 2020 /CNW/ - With millions of young people across Canada returning to virtual or in-person classrooms this month, it's clear that this is a back-to-school season unlike any other.
Roots Corp. reported a $1.8-million loss in its latest quarter as its sales fell 38 per cent compared with a year ago due to the COVID-19 pandemic.Sales in what was the company's second quarter totalled $38.2 million, down from $61.7 million a year ago.The clothing retailer says the drop in sales was due to temporary store closures, a phased reopening with reduced operating hours and strict physical distancing measures, partially offset by a gain in e-commerce sales that nearly doubled compared with a year ago.Roots says its loss amounted to four cents per share for the quarter ended Aug. 1 compared with a loss of $9.7 million or 23 cents per share a year ago.On an adjusted basis, Roots says it lost four cents per share for the quarter compared with an adjusted loss of 15 cents per share in the same quarter last year.Analysts on average had expected an adjusted loss of 20 cents per share for the quarter, according to financial markets data firm Refinitiv. This report by The Canadian Press was first published Sept. 10, 2020.Companies in this story: (TSX:ROOT)The Canadian Press
Company to issue its Fiscal 2020 second quarter results press release on Thursday, September 10, 2020 at 7:00 a. ET with a conference call to follow at 8:00 a.
Roots donates apparel, footwear and accessories to help support families all across CanadaTORONTO, Sept. 2, 2020 /CNW/ - Roots ("Roots," "Roots Canada") (TSX: ROOT), a premium outdoor-lifestyle brand, announced today that as part of its ongoing commitment to giving back, it has partnered with Brands For Canada's United Hearts For Canada campaign and program, donating more than $1.
Given current circumstances as a result of the COVID-19 pandemic, and in consideration of the health and safety of the Company's shareholders, team and the broader community, Roots is holding a virtual-only Meeting on Friday, July 24, 2020 at 10:00 a.m. Eastern Time by way of virtual-only meeting via live audio webcast and teleconference. Details on using each method are included in the Company's Management Information Circular and the form of proxy which are available on www.sedar.com.
Sector(s): Consumer Cyclical
Industry: Apparel Retail
Full Time Employees:
Roots Corporation, together with its subsidiaries, provides apparel, leather goods, footwear, and accessories under the Roots brand in Canada and internationally. The company operates through two segments, Direct-To-Consumer, and Partners and Other. The Direct-to-Consumer segment sells products through the company's corporate retail stores and e-commerce. The Partners and Other segment is involved primarily in the wholesale of Roots branded products to the company's international operating partners. This segment also engages in licensing Roots brand to manufacturing partners; and wholesaling Roots branded products to retail partners. As of August 1, 2020, it operated 113 corporate retail stores in Canada, two corporate retail stores in the United States, 114 partner-operated stores in Taiwan, 34 partner-operated stores in China, and two partner-operated stores in Hong Kong, as well as an e-commerce platform. Roots Corporation was founded in 1973 and is headquartered in Toronto, Canada.