Roots reports $5.3M Q2 loss compared with $3.2M loss a year ago
BNN Bloomberg
Retailer Roots reported a loss of $5.3 million in its latest quarter compared with a loss of $3.2 million a year earlier as its total sales edged higher.
The company says its loss amounted to 13 cents per share for the quarter which ended July 29 compared with a loss of eight cents per share in the same quarter last year.
Sales in what was the company's second quarter totalled $49.4 million, up from $47.8 million a year earlier.
Roots says its direct-to-consumer sales, which include its corporate retail store and e-commerce sales, amounted to $37.1 million, down from $38.5 million a year ago.
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