Dec 6 (Reuters) - Roots Corp ROOT.TO :
* ROOTS REPORTS FISCAL 2019 THIRD QUARTER RESULTS
* QTRLY COMPARABLE SALES GROWTH OF 3.0%
* QTRLY TOTAL SALES OF $86.4 MILLION, COMPARED TO $87.0 MILLION IN Q3 OF FISCAL 2018
* QTRLY EARNINGS PER SHARE $0.05
* ANNOUNCED THE RESIGNATION OF CHIEF MERCHANT, NANCY LEPLER, EFFECTIVE IMMEDIATELY.
* OVERALL BUSINESS PERFORMED BELOW EXPECTATIONS
* WILL IMMEDIATELY COMMENCE A SEARCH FOR LEPLER'S REPLACEMENT.
* SEES FISCAL 2019 SALES BELOW PREVIOUSLY DISCLOSED RANGE OF $358 TO $375 MILLION
* SEES 2019 OUTLOOK SALES BELOW PREVIOUSLY DISCLOSED RANGE OF $358 MILLION TO $375 MILLION
* CONTINUE TO FACE INEFFICIENCIES THERE THAT ARE PLACING DOWNWARD PRESSURE ON EARNINGS
* SEES FISCAL 2019 ADJUSTED NET INCOME BELOW PREVIOUSLY DISCLOSED RANGE OF $20 TO $24 MILLION
* NEW U.S. STORES ARE PERFORMING WELL-BELOW EXPECTATIONS & MACRO-ECONOMIC HEADWINDS CONTINUE TO NEGATIVELY AFFECT ASIA BUSINESS
* QTRLY ADJUSTED NET INCOME PER SHARE OF $0.10
* Q3 EARNINGS PER SHARE VIEW C$0.08, REVENUE VIEW C$88.9 MILLION -- REFINITIV IBES DATA
* ENDED QUARTER WITH 115 CORPORATE-RETAIL STORES IN CANADA, 7 IN U.S., 114 PARTNER-OPERATED STORES IN TAIWAN, 35 IN CHINA & 1 IN HONG KONG
* FY REVENUE VIEW C$345.1 MILLION -- REFINITIV IBES DATA