Indigo announced results for their fiscal third quarter ending January 1, with sales of CA$431 million, up from $365 million last year and $384 million in 2019. (This is their fiscal 2022; but we’re using calendar years here for simplicity.) The company is back to its 2018 holiday sales level of $426 million, before its pre-pandemic decline, attributed to “a renewed interest in reading” and strong sales in the company’s lifestyle and toy businesses. Net earnings were $45.1 million, up from $30.7 million last year. The company’s shares rose sharply on the strong holiday sales report, gaining about 24 percent […]
