Roots Corp T.ROOT

Alternate Symbol(s): RROTF

Consumer Cyclical Apparel Stores

Roots Corporation is a global lifestyle brand company. The Company designs, markets, and sells a range of selection of products in different departments, including women's men's, children's, and gender-free apparel, leather goods, footwear, and accessories. It operates through two segments: Direct-to-Consumer and Partners and Other. The Direct-to-Consumer segment comprises of sales through corporate retail stores and the Company's e-commerce Website www.roots.com. The Partners and Other segment consist primarily of the wholesale of Roots-branded products to its international operating partner. The Partners and Other segment also include the Company's sales from its Roots-branded storefront on business-to-consumer marketplace Website Tmall.com in China, the wholesale of Roots-branded products to select retail partners, and the sale of custom Roots-branded products to select business clients. It operates over 100 corporate retail stores in Canada and two stores in the United States.

TSX:ROOT - Post by User

Roots Corp > Terrible quarter likely bad year.

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Post by TheCount11on Jun 10, 2024 11:24am

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Post# 36080905

Terrible quarter likely bad year.

DTC sales decreased a staggering 11.3% in Q1 2024! This is after a 5.3% decrease in Q1 2023, compared to Q1 2022.

My concern is the relevance of the Roots Brand post Covid.
I dont see how this will be a profitable year (taking into account SBC dilution) as I am expecting another weak quarter.

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