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Roots Corp. reported a second-quarter loss of $1.2-million compared with a loss of $1.8-million in the same quarter last year as its sales edged higher.

The retailer says the loss amounted to three cents per diluted share for the 13-week period ended July 31 compared with a loss of four cents per diluted share a year earlier.

Sales in the quarter totalled $38.9-million, up from $38.2-million.

Roots says the increase in sales came despite its stores in Ontario being closed for about 60 per cent of the quarter compared with 45 per cent of the same quarter last year.

The retailer started the quarter with 68 corporate retail stores and five pop-up locations temporarily closed, but reopened all but one store by the end of the quarter.

On an adjusted basis, Roots says it lost a cent per share in the quarter compared with an adjusted loss of four cents per share last year.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 02/05/24 9:57am EDT.

SymbolName% changeLast
ROOT-T
Roots Corp
-2.59%2.26

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