Indigo Fiscal Year: Revenue Up 2.6%, Net Earnings Dip

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From Shelf Awareness:

In the fiscal year ended April 1, total revenue at Indigo Books & Music rose 2.6%, to $1.02 billion (about US$755 million), and net earnings were $20.9 million (about US$15.5 million) compared to $28.6 million (US$21.2 million) last year.

Total comparable sales, including both online sales and comparable store sales, increased 4.1%.

The company said that sales grew primarily because of “continued double-digit growth in general merchandise, most notably lifestyle products and toys. Book sales remained solid as sales for Harry Potter and the Cursed Child partially offset the declining trend for adult colouring books.”

Link to the rest at Shelf Awareness