Roots says net loss narrowed to $4.4-million in second quarter

A Roots store in Ottawa in 2022. The Toronto-based retailer reported that its sales jumped 6.3 per cent from last year.

Roots Corp.’s ROOT-T net loss narrowed to $4.4-million in its most recent quarter as sales jumped 6.3 per cent from last year.

The Toronto-based retailer says its net loss for the period ended Aug. 2 compared with a $5.2-million loss a year earlier.

It amounted to a loss of 11 cents per share for the quarter compared with a loss of 13 cents per share a year prior.

Second-quarter sales reached $50.8-million, up from $47.7-million.

The increase came as direct-to-consumer sales, which include corporate retail store and e-commerce sales, totalled $41-million, up 12.7 per cent from the year before.

Roots says direct-to-consumer comparable sales growth was 17.8 per cent