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Roots Roots Reports Increased Sales , Expansion in Gross Margin and Increased Profitability with Fiscal 2021 Third Quarter Results Successful execution of strategy fuels 630 basis point increase in DTC gross margin versus pre- COVID third quarter 2019 Earnings per share of $ 0.25 , equal to the third quarter 2020 and up from $ 0.05 per share in third Quarter 2019 TORONTO , Dec. 14 , 2021 / CNW / - Roots ( " Roots , " " Roots Canada " or the " Company " ) ( TSX : ROOT ) , a premium outdoor - lifestyle brand , today announced its financial results for its third quarter ended October 30 , 2021 ( " Q3 2021 " ) . All financial results are reported in Canadian dollars unless otherwise stated . Certain metrics , including those expressed on an adjusted basis , are non - IFRS measures . See " Non - IFRS Measures and Industry Metrics " . The Company has presented certain metrics in this press release as compared to its results during the third quarter ended November 2 , 2019 ( " Q3 2019 " ) and to its third quarter ended October 31 , 2020 ( " Q3 2020 " ) . Fiscal 2021 Third Quarter Financial and Business Highlights • Total sales of $ 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 ( " DTC " ) segment . This comes despite a significant reduction in promotional days , and inventory delays resulting in supply chain disruptions . • Drove substantial expansion in DTC gross margin despite the negative impact of increased supply chain costs . DTC gross margin was 65.2 % , up 140 basis points ( " bps " ) and 630 bps as compared Q3 2020 and Q3 2019 , respectively . • Reduced promotional days to four in Q3 2021 , as compared to 49 in Q3 2020 and 81 in Q3 2019 . • Amplified the brand with exciting new collaborations , including Révolutionnaire by Roots and the launch of a custom award jacket designed by Japanese artist Mr. for the Weeknd , in celebration of the 10th anniversary of his " Thursday " album . • 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 . • Strengthened the balance sheet through seven consecutive quarters of year - over - year debt reduction . • Extended our environmental , social and governance ( ESG ) commitment through the following : 。 The launch of the ONE Collection , a collection offered in gender - free fits , sustainable materials , and extended sizes ; 。 Membership in the Textile Exchange , a global nonprofit that manages and promotes industry standards focused on sustainable fibres and materials , such as organic cotton and recycled polyester ; and 。 joining the Leather Working Group , an international organization made up of stakeholders across the leather supply chain , working to promote environmental best practices within