The Toronto-headquartered retailer reported a $7.9-million loss in its most recent quarter, a slight improvement from the previous year’s $8.9-million loss. Sales, meanwhile, rose 6.7 per cent year-on-year to $40 million, sending its stock up four per cent by midday. (The Logic)

Talking point: Roots is keeping a close eye on tariff developments, which would impact direct-to-consumer margins, chief financial officer Leon Wu said on a call with investors. The company increased its gross margins for products sold directly to consumers, but this was “partially offset” by weakness in the Canadian dollar, Wu added. Despite other Canadian retailers including Lululemon noting a slowdown in consumer spending amid economic uncertainty, Roots hasn’t seen the same trend, chief executive Meghan Roach told analysts.