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BRIEF-Roots Says Q1 Same Store Sales Rose 6.4 Percent

Published 2018-06-13, 07:07 a/m
© Reuters.  BRIEF-Roots Says Q1 Same Store Sales Rose 6.4 Percent
ROOT
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June 13 (Reuters) - Roots Corp ROOT.TO :

* ROOTS REPORTS FIRST QUARTER FISCAL 2018 RESULTS

* Q1 SAME STORE SALES ROSE 6.4 PERCENT

* Q1 SALES ROSE 5.8 PERCENT TO C$51 MILLION

* QTRLY BASIC LOSS PER SHARE WAS $0.13

* Q1 LOSS PER SHARE C$0.13

* Q1 ADJUSTED LOSS PER SHARE C$0.11

* ROOTS EXPECTS TO MAKE CAPITAL INVESTMENTS RELATED TO FACILITY OF APPROXIMATELY $16.0 MILLION THROUGH END OF FISCAL 2019

* ON TRACK TO ACHIEVE SALES OF $410.0 MILLION TO $450.0 MILLION TARGET FOR FISCAL 2019

* ON TRACK TO ACHIEVE ADJUSTED EBITDA TARGET FOR FISCAL 2019 OF $61.0 MILLION TO $68.0 MILLION

* ON TRACK TO ACHIEVE FOLLOWING ADJUSTED NET INCOME OF $35.0 MILLION TO $40.0 MILLION FOR FISCAL 2019

* Q1 EARNINGS PER SHARE VIEW C$-0.09, REVENUE VIEW C$55.0 MILLION -- THOMSON REUTERS I/B/E/S

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