Clothing retailer Roots Corp. reported a third-quarter profit of $2.4 million, up from a profit of $519,000 in the same quarter last year.
The company says the result amounted to six cents per diluted share for the quarter ended Nov. 2, compared with a penny per diluted share a year earlier.
Sales for the quarter totalled $66.9 million, up from $63.5 million a year ago.
The increase came as direct-to-consumer sales rose to $54.2 million compared with $52.2 million in the same quarter last year, while comparable sales grew 5.8 per cent.
Roots says the growth was driven by strong performance of its active and core fleece collections.
Partner and other sales amounted to $12.7 million, up from $11.3 million.
This report by The Canadian Press was first published Dec. 11, 2024.
