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BRIEF-Roots Corp QTRLY Net Income $0.07 Per Share

Published 2018-12-05, 08:44 a/m
Updated 2018-12-05, 08:50 a/m
© Reuters.  BRIEF-Roots Corp QTRLY Net Income $0.07 Per Share

© Reuters. BRIEF-Roots Corp QTRLY Net Income $0.07 Per Share

Roots Corp ROOT.TO :

* ROOTS REPORTS THIRD QUARTER FISCAL 2018 RESULTS AND UPDATES FISCAL 2019 TARGETS

* ROOTS CORP QTRLY NET INCOME $0.07 PER SHARE

* ROOTS CORP - QTRLY TOTAL SALES OF $87.0 MILLION DOWN 3.0% AS COMPARED TO $89.7 MILLION IN Q3 OF FISCAL 2017

* ROOTS CORP - QTRLY COMPARABLE SALES DECLINE OF (13.4%) AS COMPARED TO COMPARABLE SALES GROWTH OF 10.0% IN Q3 2017

* ROOTS CORP - QTRLY DIRECT TO CONSUMER SALES OF $70.7 MILLION, DOWN 8.4% FROM $77.2 MILLION IN Q3 2017

* ROOTS CORP - REVISING FISCAL 2019 SALES TARGET RANGE TO $358 MILLION TO $375 MILLION FROM PREVIOUS RANGE OF $410 MILLION TO $450 MILLION

* ROOTS CORP - REMAINS ON-TRACK TO ACHIEVE EXPECTED 300 BASIS POINT IMPROVEMENT IN GROSS MARGIN WHEN COMPARING FISCAL 2019 TO FISCAL 2016

* ROOTS CORP - REVISED ADJUSTED EBITDA AND ADJUSTED NET INCOME TARGETS FOR FISCAL 2019

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