Indigo Books & Music Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was CAD 422.73 million compared to CAD 430.67 million a year ago. Net income was CAD 34.25 million compared to CAD 45.12 million a year ago. Basic earnings per share from continuing operations was CAD 1.23 compared to CAD 1.62 a year ago. Diluted earnings per share from continuing operations was CAD 1.22 compared to CAD 1.6 a year ago.
For the nine months, sales was CAD 863.53 million compared to CAD 841.56 million a year ago. Net loss was CAD 7.05 million compared to net income of CAD 26.71 million a year ago. Basic loss per share from continuing operations was CAD 0.25 compared to basic earnings per share from continuing operations of CAD 0.96 a year ago. Diluted loss per share from continuing operations was CAD 0.25 compared to diluted earnings per share from continuing operations of CAD 0.94 a year ago.