Canadian retailer Roots (TSX:ROOT) reported a second-quarter loss of $1.2 million compared with a loss of $1.8 million in the same quarter last year as its sales edged higher.
The retailer says the loss amounted to three cents per diluted share for the 13-week period ended July 31 compared with a loss of four cents per diluted share a year earlier.
Sales in the quarter totaled $38.9 million, up from $38.2 million in the first quarter of the year.
Roots says the increase in sales came despite its stores in Ontario being closed for about 60% of the quarter compared with 45% of the same quarter last year.
The retailer started the quarter with 68 corporate retail stores and five pop-ups locations temporarily closed, but reopened all but one store by the end of the quarter.
On an adjusted basis, Roots says it lost a penny per share in the quarter compared with an adjusted loss of four cents per share last year.
