Roots (TSE:ROOT) Releases Quarterly Earnings Results

Roots (TSE:ROOT) announced its quarterly earnings results on Thursday. The company reported C$0.42 earnings per share for the quarter, FiscalAI reports. Roots had a negative net margin of 11.62% and a negative return on equity of 21.42%. The firm had revenue of C$115.46 million during the quarter.

Roots Stock Performance

ROOT opened at C$3.95 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.25 and a debt-to-equity ratio of 85.26. The firm has a market capitalization of C$154.90 million, a PE ratio of -4.94, a PEG ratio of -0.54 and a beta of -0.21. The firm’s 50-day moving average price is C$3.37 and its 200 day moving average price is C$3.29. Roots has a twelve month low of C$2.07 and a twelve month high of C$4.05.

Roots Company Profile

Roots Corp provides a portfolio of apparel, leather goods, accessories, and footwear for men, women, and children under the Roots brand. Its merchandise includes genuine leather, such as jackets, bags, and luggage; kids & baby clothing; and leather, linens, towels, and accessories. The company operates through two segments: Direct-To-Consumer, which accounts for majority revenue, and Partners & Other. The DTC segment sells products through the company’s corporate retail stores and e-commerce. The Partners & Other segment engage in the wholesale of Roots branded products to the company’s international operating partner, and it earns royalties on the retail sales of Roots-branded products.