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

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Roots Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260911759138) on September 11, 2026, and is solely responsible for the information contained therein.

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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Roots Q2 FY26 net loss widens 37.4% to CAD $6.04 million; sales fall 2.4% to CAD $49.54 million

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