09:59 AM EST - Roots Corp. : Today announced its financial results for its third quarter ended October 30, 2021. Total sales were $76.3 million, up 4.6% from $72.9 million in Q3 2020, which included double-digit growth during non-promotional periods in the Direct-to-Consumer segment. Increased Adjusted EBITDA to $19.2 million in Q3 2021 as compared to $19.0 million in Q3 2020 and $10.6 million in Q3 2019, despite a decline in temporary rent abatements and government subsidies. Excluding these temporary benefits, Adjusted EBITDA was $16.1 million in Q3 2021, compared to $11.7 million in Q3 2020 and $10.6 million in Q3 2019. Roots Corp.
shares T.ROOT are trading down $0.01 at $2.98.
