Canadian bookseller Indigo released results for “a rollercoaster year,” ended April 1. Sales for the year were flat at $1.058 billion, compared to $1.062 billion a year ago, challenged by a ransomware attack in February and “diminishing consumer confidence” caused by inflation. Adjusted EBITDA was a loss of $(20.5) million, compared to $32.5 million in 2022, and the company reported a net loss of $(49.6) million, compared to last year’s net earnings of $3.3 million. On their own, fourth quarter sales were down 12 percent to $194.2 million, with a net loss of $(42.5) million, compared to a $(23.4) loss […]
