Jays, Tempo partnerships not enough to save Roots from $10.1-million loss in Q1

▤ Summary

Roots reported a first-quarter loss of $10.1 million, wider than the $7.9 million loss a year earlier. Revenue rose modestly to $42.6 million, helped by direct-to-consumer and partner sales. The company highlighted sports apparel collaborations with the Toronto Blue Jays and Tempo as marketing drivers, but those collections did not materially improve the quarter. Roots also spent the period preparing to switch merchandise distribution to Metro Supply Chain while continuing its strategic review that could lead to a sale of the business.

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