Increasead Indigo Revenue Slashes Q1 Losses

By Carmen 

Canada’s largest book retailer, Indigo Books & Music, reported strong first quarter growth across all channels in today’s announcement. Total revenues for the quarter increased 8.5% to $184.9 million. The Company’s operating earnings, or EBITDA, more than doubled to $5.2 million for the first quarter. First quarter net loss was reduced to $2.8 from aloss of $5.8 million in the same quarter last year. Commenting on these results, Indigo CEO Heather Reisman said: “these are very satisfying results, reflecting our continuing strong focus on customer programs, effective merchandising, and strong inventory management.”