RE:RE:Root numbers. FYIThis might seem like an unconventional opinion but I think Megans ability to take it on the chin revenue wise (down 11% DTC) without being overly promotional is a sign of a great leader. "We expect our markdowns to remain below pre-pandemic levels."
She is going a great job with the hand she was delt. Roots balance sheet is considerably worse than Reitmans with $194M of intangible assets and $52M of debt yet there is more equity and less shares than last year.
Don't think there is any doubt that Roots "over sold" during the pandemic when everyone was at home in sweatsuits.