07:35 AM EST, 12/11/2024 (MT Newswires) -- Roots (ROOT.TO) on Wednesday reported higher third-quarter net income and revenue.

The company, a Canadian clothing brand, said net income improved to $2.4 million, or $0.06 per share, from $0.5 million or $0.01 per share. The result beat the Factset estimate of $0.05 per share.

Total sales rose 5.3% to $66.9 million. Roots reported increased sales in all segments, including eCommerce and wholesale.

"Our Q3 results highlight the enduring appeal of our brand amongst both new and existing customers, fueled by the team's strong execution across many facets of the business," said CEO Meghan Roach. "The success of our refreshed marketing strategy, commitment to high-quality products, and enhanced omnichannel experience clearly resonated, delivering impressive results this quarter."

Roach added that fourth quarter trends remain strong.