Roots reports $5.2-million second-quarter loss as as sales drop [Globe and Mail, The (Toronto, Canada)]
Root, Inc. (ROOT)
Company Research
Source: Globe and Mail, The
Retailer Roots Corp. ROOT-T increase says it lost $5.2-million in its latest quarter compared with a loss of $5.3-million in the same quarter last year. The company says the loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier. Sales for what was the company's second quarter totalled $47.7-million, down from $49.4-million in the same quarter last year. The move lower came as direct-to-consumer sales amounted to $36.4-million, down from $37.1-million a year earlier, as comparable sales edged down 0.2 per cent. The company's partners and other sales segment totalled $11.3-million, down from $12.3-million. On an adjusted basis, Roots says it lost 11 cents per share in its latest quarter compared with an adjusted loss of 12 cents per share a year earlier. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith
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ROOT
News
- First Connect and Root Launch Streamlined Quote & Bind Process for Independent Insurance Agents [Yahoo! Finance]Yahoo! Finance
- First Connect and Root Launch Streamlined Quote & Bind Process for Independent Insurance AgentsPR Newswire
- Root Insurance Partners with Goosehead Insurance to Simplify Insurance Sales for Independent AgentsGlobeNewswire
- Root, Inc. (NASDAQ: ROOT) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $82.00 price target on the stock, down previously from $88.00.MarketBeat
- Root, Inc. (NASDAQ: ROOT) had its price target lowered by analysts at UBS Group AG from $71.00 to $61.00. They now have a "neutral" rating on the stock.MarketBeat
ROOT
Earnings
- 8/7/24 - Beat
ROOT
Sec Filings
- 9/24/24 - Form 4
- 9/17/24 - Form 4
- 8/19/24 - Form 4
- ROOT's page on the SEC website