Yesterday Indigo announced their first quarter 2023 earnings for the period ended July 2 with sales of CA $204.6 million, up 19 percent from $172.1 million last year, a higher level than any first quarter in the past three years. The growth was driven by “the success of Indigo’s omnichannel business; a strong recovery in the retail channel, where traffic levels continued to normalize, and an ecommerce business that sustained incremental growth of 80% to fiscal 2020 levels.” Net loss was $25.4 million, compared to $21.9 million last year, due to inflation and increased freight costs and “increased strategic investment […]
