Indigo reported third quarter earnings, with sales of $384 million (CA), down from $426 million for the same period last year. Comparable superstore sales were down 10.1 percent, and online sales declined 12.7 percent. But net earnings rose anyway, to $25.8 million from $21.5 million last year, thanks to “focused efforts to improve margin rates across the business and lower the company’s cost infrastructure.” On the earnings call February 7, when asked when the negative trend in same-store sales growth might reverse, CEO Heather Reisman reflected candidly on a difficult year. She said the company had been “hit on all […]
