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Bullboard - Stock Discussion Forum 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... see more

TSX:ROOT - Post Discussion

Roots Corp > Terrible quarter likely bad year.
View:
Post by TheCount11 on Jun 10, 2024 11:24am

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.

Comment by winnerswing on Jun 10, 2024 11:45am
Nothing pisses me more than an horrible qtr result after a very good one.
Comment by TheCount11 on Jun 10, 2024 2:05pm
Because Roots has such a small market value I don't think any professionals (analysts) spend much, if any, time thinking about the brand in relation to the stock price. No stock was bought back last quarter. Lots and lots of garments are currently marked down.  These are a tell.  Management is nervous and anxious.
Roots Corp
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