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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (43612)	6/28/2018 1:25:40 PM
From: Goose94	Read Replies (2) of 203451

Roots (ROOT-T) top pick from Don Lato on BNN.ca Wednesday June 27th @ 1730ET After a solid fourth-quarter report, the company’s seasonably strongest and most important quarter of the year, Roots missed estimates in their second-quarter release in early June and the stock has sold off dramatically. A significant factor in the earnings miss was the April ice storm occurring during their annual four-day promotional event. Backing out the impact of the ice storm, same-store sales (SSS) would have grown over 8 per cent, but still came in at a very respectable 6.2 per cent, including double-digit SSS in their U.S. operation. The growth in SSS was the ninth consecutive quarter of SSS growth. Impressively, gross margin expanded during the quarter as the company’s United Brand Range (UBR) strategy continues to have a positive impact. The stock trades at a very reasonable P/E multiple of 11.3 times next year’s earnings. As investors begin to appreciate the growth and operational improvement in UBR, the stock should be rewarded with a more appropriate multiple and higher prices.

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