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Roots Corporation ( (TSE:ROOT) ) has issued an announcement.
Roots Corporation reported strong financial results for the first quarter of fiscal 2025, with a 6.7% increase in total sales to $40 million and a notable 10.2% rise in direct-to-consumer sales. The company achieved its third consecutive quarter of year-over-year growth in sales, gross margin, and adjusted EBITDA, driven by strategic initiatives such as enhanced marketing, improved product availability, and AI-driven operational enhancements. Despite a net loss of $7.9 million, the company showed improvement from the previous year, and its strong balance sheet positions it well to adapt to changing market conditions.
The most recent analyst rating on (TSE:ROOT) stock is a Buy with a C$3.25 price target. To see the full list of analyst forecasts on Roots Corporation stock, see the TSE:ROOT Stock Forecast page.
Spark’s Take on TSE:ROOT Stock
According to Spark, TipRanks’ AI Analyst, TSE:ROOT is a Neutral.
The stock score is primarily driven by positive technical momentum and a strong earnings call with strategic initiatives yielding results, though tempered by weak financial performance and unattractive valuation.
To see Spark’s full report on TSE:ROOT stock, click here.
More about Roots Corporation
Roots Corporation is a premium outdoor-lifestyle brand known for its high-quality apparel and accessories. The company focuses on direct-to-consumer sales through corporate retail stores and eCommerce, with a market presence that includes wholesale and licensing partnerships.
Average Trading Volume: 9,205
Technical Sentiment Signal: Buy
Current Market Cap: C$124.2M
Find detailed analytics on ROOT stock on TipRanks’ Stock Analysis page.