Indigo reported fiscal third quarter earnings at the close of trading yesterday, one day after experiencing a cyber incident on Wednesday that continues to shut down the company’s website and all electronic in-store sales. Sales were $422.7 million, down 1.9 percent from $430.7 million last year. Adjusted EBITDA was $40.8 million, down from $52.0 million, due to inflation, increased supply chain costs, and the company’s “investment to support modernized ecommerce technology.” Holiday sales offset a quieter start to the quarter, as consumers were cautious with spending and waited for Black Friday deals. Net earnings were $34.3 million, compared to $45.1 […]
