Roots reports $10.1M first-quarter loss, sales up from year ago

People walk past a Roots Canada store in Montreal on Wednesday, March 4, 2026. THE CANADIAN PRESS/Christinne Muschi

TORONTO — Roots Corp. reported a loss of $10.1 million in its first quarter as it continued its review of strategic alternatives, including the possible sale of the company.

The clothing retailer says the loss amounted to 26 cents per share for the quarter ended May 2 compared with a loss of $7.9 million or 20 cents per share a year earlier.

On an adjusted basis, Roots says it lost 19 cents per share in its latest quarter compared with a loss of 18 cents per share in the same quarter last year.

Sales in the quarter totalled $42.6 million for the quarter, up from $40.0 million a year earlier.

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The increase in sales came as direct-to-consumer sales amounted to $35.8 million, up from $34.6 million, while partner and other sales totalled $6.8 million, up from $5.4 million a year ago.

In March, Roots launched a strategic review to maximize value for shareholders including an evaluation of a range of alternatives.

This report by The Canadian Press was first published June 12, 2026.