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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (83459)	4/5/2023 10:00:32 AM
From: Goose94	Read Replies (1) of 203540

Roots (ROOT-T) Tops Q4 Estimates, But Margins Pressured Call it a beat on the top and bottom line in the fourth quarter over at Roots, where the retailer was able to exceed analyst estimates in spite of an overall slowdown in sales. Sales slipped 8.1 per cent in the quarter to $111.5 million, while margins compressed by a shade more than three percentage points, as a shift to more sustainable materials, higher promotional activity and swelling inventories took a toll. On that inventory front, as we’ve seen it crop up as a trend in the apparel industry recently – inventories were up about 33 per cent year-over-year, though Roots says that was in part on purpose, as it looked to get ahead of tough supply chain conditions and long transit times by ordering its spring and summer products early (Roots says it expects inventories to moderate to more normal levels sooner rather than later.) BNN.ca

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