On Tuesday morning, Indigo announced results for the second quarter 2022 ended October 2, with sales of CA$239 million, up 16.3 percent from $205 million during the same period last year. The company proudly proclaimed results as above pre-pandemic levels, but that’s due in part to a string of weak reports for this period since 2017, when sales were $224.5 million. But the biggest difference had nothing to do with operating sales: Revenue was bolstered by a one-time payment of $17 million from Starbucks, as Indigo renegotiated their contract and closed a number of in-store cafes. Net earnings for the […]
