The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brian Morrison - TD Cowen - Analyst
: Good morning Meghan, good morning Leon Wu.
Question: Brian Morrison - TD Cowen - Analyst
: First question. It's obviously an increasingly competitive environment for back-to-school and holiday season with the health of the community
consumer. So talking about the retail demand trends. I missed some of your opening remarks. So what actions have you taken to maintain or gain
share in terms of product and brand and marketing?
And maybe just elaborate on what you said during your remarks. So let me catch up bit and also, can you comment on your back to school growth,
maybe just cadence ballpark of degree are we talking low single digits, mid single digits?
Question: Brian Morrison - TD Cowen - Analyst
: And that's helpful. And I guess the one thing that really stood out in your commentary when you start going through your product lines is, what's
the strength in your active wear segment?
I think you said it's up double digit. I mean, this really looks like a category that many retailers have gravitating towards these days. So what's really
differentiating and driving your product?
Question: Brian Morrison - TD Cowen - Analyst
: Okay. Inventory looks very healthy, but it also looks very lean. As I look back over the years, you mentioned that you have your core fleece well
positioned and I assume you have limited pack away. What do you've done to ensure that you don't run into the same product shortages that we
ran into at the end of last year?
Question: Brian Morrison - TD Cowen - Analyst
: Okay. Thank you, Leon. And maybe just follow-up on that, inventories in good shape now, how should we think about your gross margin profile
in the second half as we have some offsetting factors such as FX and credit? And then on the other side, you have product gains?
Question: Brian Morrison - TD Cowen - Analyst
: Okay. So we should think they offset each other.
Question: Brian Morrison - TD Cowen - Analyst
: Okay. And then maybe a question on store optimization initiatives, we have seen a little bit of store count reduction, very nominal, but one on the
same. How do you feel about the footprint at this time?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
SEPTEMBER 13, 2024 / 12:00PM, ROOT.TO - Q2 2024 Roots Corp Earnings Call
Question: Brian Morrison - TD Cowen - Analyst
: Okay. Thank you very much and encouraged to see what happens in the second half.
| 
