Bullboard - Stock Discussion Forum Indigo Books and Music Inc T.IDG

Alternate Symbol(s): IDGBF

Indigo Books & Music Inc. is a Canada-based book and lifestyle retailer. The Company is engaged in offering an assortment of books, gifts, home, wellness, fashion, paper, baby, and kid’s products. The Company operates retail stores in all ten provinces and one territory in Canada, and also has retail operations in the United States through a wholly owned subsidiary, operating one retail store... see more

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Indigo Books and Music Inc > FY22 Second Quarter Results

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Post by Betteryear2 on Nov 10, 2021 4:56am

FY22 Second Quarter Results

Indigo delivers strong omnichannel sales meaningfully beating last year and pre-COVID 2nd quarter results

TORONTO, Nov. 9, 2021 /CNW/ - Indigo Books & Music Inc. (TSX: IDG), Canada's largest book and lifestyle retailer reported financial results for the 13-week period ended October 2, 2021 compared to the 13-week period ended September 26, 2020.

Revenue for the quarter increased 16% to $238.8 million from $205.3 million, exceeding both last year and pre-pandemic levels. It is worth noting that these results were achieved notwithstanding occupancy constraints in several key jurisdictions and footfall meaningfully below pre-pandemic levels in the central cores of most major cities.

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