Indigo Books & Music Inc. reported earnings results for the third quarter and nine months ended December 30, 2023. For the third quarter, the company reported sales was CAD 370.65 million compared to CAD 422.73 million a year ago. Net income was CAD 9.98 million compared to CAD 34.25 million a year ago. Basic earnings per share from continuing operations was CAD 0.36 compared to CAD 1.23 a year ago. Diluted earnings per share from continuing operations was CAD 0.35 compared to CAD 1.22 a year ago.
For the nine months, sales was CAD 756.7 million compared to CAD 863.53 million a year ago. Net loss was CAD 40.92 million compared to CAD 7.05 million a year ago. Basic loss per share from continuing operations was CAD 1.46 compared to CAD 0.25 a year ago. Diluted loss per share from continuing operations was CAD 1.46 compared to CAD 0.25 a year ago.