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    ROOT   CA7766521099

ROOTS CORPORATION

(ROOT)
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Roots : Clothing retailer Roots reports $4.9M Q1 loss, sales up nearly 25 per cent

06/11/2021 | 09:10am EDT

TORONTORoots Corp. reported a loss of $4.9 million in its latest quarter as its sales rose nearly 25 per cent compared with a year ago at the start of the pandemic.

The clothing retailer says the loss amounted to 12 cents per diluted share for the quarter ended May 1.

The result compared with a loss of $7.8 million or 18 cents per diluted share a year ago.

Sales in what was the company's first quarter totalled $37.3 million, up from $29.9 million in the same quarter last year.

Roots says its stores were closed due to the pandemic for about 30 per cent of the quarter compared with about half of the same quarter last year.

On an adjusted basis, Roots says it lost 10 cents per share in its latest quarter compared with an adjusted loss of 22 cents per share a year ago.

This report by The Canadian Press was first published June 11, 2021.

Companies in this story: (TSX:ROOT)

© 2021 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2022 279 M 229 M 229 M
Net income 2022 - - -
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 164 M 135 M 135 M
Capi. / Sales 2022 0,59x
Capi. / Sales 2023 0,55x
Nbr of Employees 2 604
Free-Float 46,6%
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Technical analysis trends ROOTS CORPORATION
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 4,08 CAD
Last Close Price 3,89 CAD
Spread / Highest target 28,5%
Spread / Average Target 4,97%
Spread / Lowest Target -22,9%
Managers and Directors
NameTitle
Meghan Roach Chief Executive Officer & Director
Mona Kennedy Chief Financial Officer
Erol Uzumeri Chairman
Anne Hodkin Vice President-Information Strategy & Systems
Joel Teitelbaum Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ROOTS CORPORATION60.08%135
INDITEX20.28%118 011
KERING24.98%112 076
FAST RETAILING CO., LTD.-10.78%76 754
ROSS STORES, INC.-2.22%42 883
HENNES & MAURITZ AB22.53%41 904