Brief: Roots Reports Q1 Loss Per Share Of $0.18

Roots

12/06/2020 12:08

June 12 (Reuters) - Roots Corp  ROOT.TO :
    * ROOTS REPORTS FISCAL 2020 FIRST QUARTER RESULTS
    * ROOTS CORP - QTRLY TOTAL SALES OF $29.9 MILLION, COMPARED
TO
$54.4 MILLION IN Q1 OF FISCAL 2019
    * ROOTS CORP - QTRLY LOSS PER SHARE OF $0.18
    * ROOTS CORP - QTRLY ADJUSTED NET LOSS PER SHARE OF $0.22
    * ROOTS CORP - ENDED QUARTER WITH 114 CORPORATE-RETAIL
STORES IN
CANADA AND TWO IN UNITED STATES
    * ROOTS CORP - ENDED QUARTER WITH 115 PARTNER-OPERATED
STORES IN
TAIWAN, 37 IN CHINA AND TWO IN HONG KONG
    * ROOTS CORP - REDUCED FORWARD INVENTORY PURCHASES,
MINIMIZED
DISCRETIONARY EXPENDITURES AND EFFECTIVELY HALTED CAPITAL SPEND
    * ROOTS CORP - TEMPORARILY REDUCED BOARD OF DIRECTOR
COMPENSATION,
AS WELL AS SENIOR LEADERSHIP TEAM AND HEAD OFFICE SALARIES
    * ROOTS CORP - REALIZED PERSONNEL COSTS SAVINGS RELATED TO
TEMPORARY LAYOFFS ASSOCIATED WITH STORE CLOSURES

Source text for Eikon:  ID:nCNW5ZY8ha 
Further company coverage:  ROOT.TO 

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