Roots lowers long-term earnings estimates following weak sales in Q3

Roots lowers long-term earnings estimates following weak sales in Q3
TORONTO — Roots Corp. has lowered its sales and earnings estimates from targets set when the company went public in October 2017 after sales fell “well below” its own expectations in the third quarter. The clothing company’s total sales for the three months ended Nov. 3 were $87 million, down three per cent from $89.7 million last year when Roots benefited from... Read More