Roots Q2 FY26 net loss widens 37.4% to CAD $6.04 million; sales fall 2.4% to CAD $49.54 million
Reuters2026/09/11 10:59- Roots posted Q2 fiscal 2026 net loss of CAD $6.04 million, widening 37.4% year-over-year; loss per share deepened to CAD $0.15.
- Net sales slipped 2.4% to CAD $49.54 million; direct-to-consumer sales fell 1.3% to CAD $40.53 million.
- Gross margin narrowed 2.4 percentage points to 58.3%, reflecting distribution-centre transition costs and a shift of DC occupancy costs into cost of sales.
- Adjusted EBITDA loss improved to CAD $1.57 million from CAD $2.13 million; CEO Meghan Roach cited 26.2% growth in adjusted EBITDA.
- Acquisition deal set at CAD $4.10 per share in cash, valuing equity at about CAD $161 million; closing targeted in Q4 fiscal 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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