Retailer Roots reports $8.9-million quarterly loss, sales down from year ago [Globe and Mail, The (Toronto, Canada)]
Root, Inc. (ROOT)
Company Research
Source: Globe and Mail, The
Sales for what was the company's first quarter totalled $37.5-million, down from $41.5-million in the same quarter last year. The decline came as Roots says its direct-to-consumer sales totalled $31.4-million, down from $35.4-million a year ago, while partner and other sales amounted to $6.1-million, compared with $6.1-million in the same quarter last year. Roots chief executive Meghan Roach says the company's disciplined approach to inventory management resulted in fewer markdown sales, which created short-term downward pressure on revenue in the first quarter. However, she says, the company continued to see positive momentum in many product lines, including solid growth in its adult activewear collection. Sign up for the Top Business Headlines: Evening Edition Newsletter. An informative summary of the day's top business headlines, features and columns. Explore newsletters Tickers mentioned in this story Study and track financial data on any traded entity: click to o
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News
- Root, Inc. (NASDAQ:ROOT) has caught the attention of institutional investors who hold a sizeable 35% stake [Yahoo! Finance]Yahoo! Finance
- Root, Inc. (NASDAQ: ROOT) had its price target raised by analysts at TD Cowen from $11.00 to $51.00. They now have a "hold" rating on the stock.MarketBeat
- Root, Inc. to Participate in the TD Financial Services & Fintech Summit [Yahoo! Finance]Yahoo! Finance
- Root, Inc. to Participate in the TD Financial Services & Fintech SummitGlobeNewswire
- IndyCar Driver Marcus Armstrong to Represent Root Insurance at Detroit Grand Prix [Yahoo! Finance]Yahoo! Finance
ROOT
Earnings
- 4/30/24 - Beat
ROOT
Sec Filings
- 6/18/24 - Form 4
- 6/17/24 - Form 4
- 6/13/24 - Form 144
- ROOT's page on the SEC website