Indigo Second Quarter: Revenue Up 5.4%

In the second quarter ended October 1, revenue at Indigo Books & Music rose 5.4%, to C$216.9 million (about US$161.8 million), and the net loss was C$1.2 million (about US$895,000), compared to C$1.8 million (about US$1.34 million) in the same period a year earlier. All sales online and at stores open at least a year rose 5.1% in the quarter.

The company attributed the revenue gain to "continued double digit growth in the general merchandise business, and growth in the core book business enhanced by the release of Harry Potter and the Cursed Child."

Commenting on the results, CEO Heather Reisman said, "We are pleased to continue our strong track record of revenue growth, with three years of quarterly revenue increases. The momentum and energy in the business is palpable and we feel confident as we approach our critical holiday season."

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