(Toronto) Indigo Books
The Toronto retailer’s revenue was $206.9 million, down from $236.2 million last year.
The company says it lost 80 cents per share, compared to a loss of 57 cents in the same quarter last year.
Indigo says in-person and online sales have been affected by difficult macroeconomic conditions, lower demand and increased consumer price sensitivity.
The company specifies that these difficulties were compounded by temporary disruptions linked to the launch of its new website.
CEO Heather Reisman, who recently took over the reins of the company, emphasizes that her team is determined to ensure that Indigo returns to profit and growth.
Company in this news report: (TSX: IDG)
Note to readers: Corrected version. Indigo’s revenue was 206.9 million, down from 236.2 million last year. A previous version incorrectly reported revenue of $206,885 for this year, compared to $236,247 last year.
