Latest news with #MeghanRoach
Globe and Mail
4 days ago
- Business
- Globe and Mail
Roots Announces Details of its Fiscal 2025 First Quarter Results Conference Call
Roots Corporation ('Roots' or the 'Company') (TSX: ROOT), the premium outdoor-lifestyle brand, today announced that the Company will host a conference call to discuss its Fiscal 2025 first quarter results on Friday, June 13, 2025. Ms. Meghan Roach, President & Chief Executive Officer, Mr. Leon Wu, Chief Financial Officer, will host the call. About Roots Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States, and an eCommerce platform, We have more than 100 partner-operated stores in Asia, and we also operate a dedicated Roots-branded storefront on in China. We design, market, and sell a broad selection of products in different departments, including women's men's, children's, and gender-free apparel, leather goods, footwear, and accessories. Our products are built with uncompromising comfort, quality, and style that allows you to feel At Home With Nature™. We offer products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. We also wholesale through business-to-business channels and license the brand to a select group of licensees selling products to major retailers. Roots Corporation is a Canadian corporation doing business as 'Roots' and 'Roots Canada'.
National Post
4 days ago
- Business
- National Post
Roots Announces Details of its Fiscal 2025 First Quarter Results Conference Call
Article content Article content Company to issue its Fiscal 2025 first quarter results press release on Friday, June 13, 2025 at 7:00 a.m. ET with a conference call to follow at 8:00 a.m. ET Article content Article content TORONTO — Roots Corporation ('Roots' or the 'Company') (TSX: ROOT), the premium outdoor-lifestyle brand, today announced that the Company will host a conference call to discuss its Fiscal 2025 first quarter results on Friday, June 13, 2025. Ms. Meghan Roach, President & Chief Executive Officer, Mr. Leon Wu, Chief Financial Officer, will host the call. Article content About Roots Article content Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States, and an eCommerce platform, We have more than 100 partner-operated stores in Asia, and we also operate a dedicated Roots-branded storefront on in China. We design, market, and sell a broad selection of products in different departments, including women's men's, children's, and gender-free apparel, leather goods, footwear, and accessories. Our products are built with uncompromising comfort, quality, and style that allows you to feel At Home With Nature™. We offer products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. We also wholesale through business-to-business channels and license the brand to a select group of licensees selling products to major retailers. Roots Corporation is a Canadian corporation doing business as 'Roots' and 'Roots Canada'. Article content Article content Article content Article content Contacts Article content For further information, please contact: Article content Article content Article content Article content
Business Wire
4 days ago
- Business
- Business Wire
Roots Announces Details of its Fiscal 2025 First Quarter Results Conference Call
TORONTO--(BUSINESS WIRE)-- Roots Corporation ('Roots' or the 'Company') (TSX: ROOT), the premium outdoor-lifestyle brand, today announced that the Company will host a conference call to discuss its Fiscal 2025 first quarter results on Friday, June 13, 2025. Ms. Meghan Roach, President & Chief Executive Officer, Mr. Leon Wu, Chief Financial Officer, will host the call. About Roots Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States, and an eCommerce platform, We have more than 100 partner-operated stores in Asia, and we also operate a dedicated Roots-branded storefront on in China. We design, market, and sell a broad selection of products in different departments, including women's men's, children's, and gender-free apparel, leather goods, footwear, and accessories. Our products are built with uncompromising comfort, quality, and style that allows you to feel At Home With Nature™. We offer products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. We also wholesale through business-to-business channels and license the brand to a select group of licensees selling products to major retailers. Roots Corporation is a Canadian corporation doing business as 'Roots' and 'Roots Canada'.
Yahoo
11-04-2025
- Business
- Yahoo
Roots sees strong Q4 DTC sales results drive FY24 sales growth
Canadian outdoor-lifestyle brand Roots recorded total sales of C$262.92m ($185.44m) in the fiscal year 2024 (FY24) - a marginal rise of 0.1% from the previous year's C$262.67m. Adjusted for the additional week in FY24 that accounted for C$2.2m, sales saw a more noticeable increase of 0.9%. The company's direct-to-consumer (DTC) sales edged up to C$223.26m in FY24, a 0.4% climb from C$222.48m in the previous fiscal year. Partner and other sales, which include wholesale activities, licensing and custom products, reached C$39.66m in FY24, down from C$40.20m in FY23. The company's gross profit for FY24 stood at C$157.13m - a 3.1% increase from the previous year. Gross margin improved to 59.8% - a rise of 180 basis points compared to 58.0% in FY23. Roots' selling, general and administrative expenses reached C$143.5m in FY24, a 2.3% increase from C$140.33m in FY23. The company reported net loss of C$33.44m during the fiscal year against net income of C$1.84m in FY23. This translates to loss per share of C$0.83 against earnings per share of C$0.05 in the previous year. The downturn was attributed to a non-cash impairment charge on intangible assets and subsequent deferred tax impacts. In the fourth quarter (Q4) of FY24, Roots posted total sales of C$110.81m, up 2.4% from C$108.23m in Q4 FY23. The gross profit for the quarter rose by 7.2% to C$67.59m with the gross margin reaching 61.3%, an improvement of 270 basis points over Q4 FY23's figure of 58.6%. Net loss for Q4 2024 stood at C$21.70m versus the previous year's income of C$14.62m. Its loss per share for the quarter was C$0.54 from earnings per share of C$0.36 in Q4 2023, again due to non-cash impairment charges and associated deferred tax impacts. As of 1 February 2025, Roots' net debt was reported at C$7.4m - a 56.7% decline from C$17m in FY23. Roots president and chief executive officer Meghan Roach said: 'Our strong performance reflects the impressive execution by the team across our strategic initiatives. Customers responded well to our holiday products, our enhanced brand engagement and our improved omnichannel customer experience.' "Roots sees strong Q4 DTC sales results drive FY24 sales growth" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Globe and Mail
02-04-2025
- Business
- Globe and Mail
Roots Announces Details of its Fourth Quarter and Fiscal Year 2024 Results Conference Call
Roots Corporation ('Roots' or the 'Company') (TSX: ROOT), the premium outdoor-lifestyle brand, today announced that the Company will host a conference call to discuss its fourth quarter and Fiscal Year 2024 results on Wednesday, April 9, 2025. Ms. Meghan Roach, President & Chief Executive Officer, Mr. Leon Wu, Chief Financial Officer, will host the call. About Roots Established in 1973, Roots is a global lifestyle brand. Starting from a small cabin in northern Canada, Roots has become a global brand with over 100 corporate retail stores in Canada, two stores in the United States, and an eCommerce platform, We have more than 100 partner-operated stores in Asia, and we also operate a dedicated Roots-branded storefront on in China. We design, market, and sell a broad selection of products in different departments, including women's men's, children's, and gender-free apparel, leather goods, footwear, and accessories. Our products are built with uncompromising comfort, quality, and style that allows you to feel At Home With Nature™. We offer products designed to meet life's everyday adventures and provide you with the versatility to live your life to the fullest. We also wholesale through business-to-business channels and license the brand to a select group of licensees selling products to major retailers. Roots Corporation is a Canadian corporation doing business as 'Roots' and 'Roots Canada'.
