07:47 AM EDT, 09/10/2025 (MT Newswires) -- Roots (ROOT.TO) on Wednesday said net loss narrowed, but still missed expectations, even on better than expected revenues in the second quarter, while the outdoor-lifestyle brand company added it continues to experience "positive trends" during the back-to-school period, while early in the third quarter.
For Q2, net loss narrowed to $4.4 million, or $0.11 per share, from $5.2 million, or $0.13 per share, in the prior year period. The result missed the consensus analyst estimate of a loss of $0.10 per share, according to FactSet.
Total sales increased 6.3% to $50.8 million, above the $48.9 million forecast. Direct-to-customer comparable sales growth was 18%.
"Roots delivered a strong second quarter with comparable sales up 17.8%, reflecting the strength of our brand and the resonance of our products with consumers," said Meghan Roach, chief executive officer. "This momentum was supported by innovative collaborations, a compelling product assortment, and our focus on creating meaningful customer experiences."
Roots closed up $0.04, to $3.17, on the Toronto Stock Exchange on Tuesday.