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 […]
Booksellers
BNED Finishes Less Poorly Than Last Year, But Still Loses Money On Sales Below Norm
Barnes & Noble Education reported results for the fourth quarter and fiscal year ended April 30, and restated the results of fiscal year 2021, due to “certain out of period adjustments related primarily to income tax benefit, and restructuring and other charges.” Those adjustments increased the fiscal year 2021 net loss by $8 million. The […]
WH Smith Rebounds Overall, But High Street Sales Are Weak
UK book retailer WH Smith reported a brief trading update for the third quarter, the 15 weeks ended June 11. The company is still comparing their results to those of 2019, with overall group sales at 107 percent of the same period in 2019 lifted by a surge in travel—the first time the company has […]
Indigo Exceeds $1 Billion In Sales, Returns to Profitability
Indigo reported fourth quarter and full-year results on Friday for the period ended April 2. They closed the year with their best fourth quarter sales ever, which lifted full-year sales to $1.06 billion – a new all-time high, and the first time above $1 billion since 2019 (when sales were $1.05 billion). Fourth quarter sales […]
Steep Drop in Booktopia Earnings; Founder Nash to Step Down
Australia’s online bookseller Booktopia released a trading update for the quarter ending March 31 showing slower growth and a big drop in earnings, accompanied by an announcement that co-founder Tony Nash will step down as ceo once a replacement is found. Sales of $64.5 million AU were down 1% compared to last year, “due to […]
WH Smith’s High Street Sales Flat While Travel Recovered
UK retailer WH Smith reported six-month results for the period ended February 28. Sales at their High Street bookstores remained flat at the historically low level of £270 million, which had been down (14) percent a year ago compared to before the pandemic, when sales were £315 million (and that period, in turn, was down […]