Roots Corp. shares fell nearly 12 per cent after the heritage-clothing brand’s second-quarter results Wednesday fell short of analysts’ expectations. The Toronto-based company reported a $4.08-million net loss for the quarter ended Aug. 4 — up from a net loss of $8.34 million in the second quarter of the previous year. ( Chris Young / THE CANADIAN PRESS )Roots said its adjusted net loss was $0.06 per share, while analysts surveyed by Thomson Reuters Eikon were expecting a loss of $0.02 per share. The company was coming off a particularly strong second quarter in 2017, said CEO Jim Gabel during a conference call with analysts. Roots is in the process of renovating certain stores, which he said brings a sales lift to those locations.

Source: thestar September 12, 2018 19:18 UTC