Reporting results for their fiscal third quarter, ending right after Chrismas, Canada’s dominant bookseller Indigo recorded sales of $330 million, up $7.4 million from a year ago. The Indigo and Chapters superstores rose 2.2 percent on a same-store basis, while the small format Coles store comps rose 3.2 percent. Online sales fell 2.6 percent to $30 million. The plunging Canadian dollar helped sales themselves hold up, but it hurt the company’s margins. Pre-tax earnings fell 3.6 percent to $40.1 million, while net income dropped considerably at $26.8 million, down from $49.2 million last year due to various tax line items. […]
