|Bid||3.9500 x 0|
|Ask||4.1600 x 0|
|Day's Range||3.9000 - 3.9500|
|52 Week Range||3.9000 - 13.5000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 7, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||9.00|
TORONTO — Indigo Books & Music Inc. reported a net loss of $20.5 million for its most recent quarter as revenue declined from the comparable period last year.The book retailer says its loss of 74 cents per common share compared to a net loss of $19.1 million or 70 cents per share in the same period the previous year.Its revenue for the quarter ended Sept. 28 totalled $203.4 million — down from $216.3 million in the second quarter of the previous year.Indigo says its revenue fell amid strong competitive pressures and its decision to reduce promotions to boost profits.Comparable same-store sales, a key retail metric, fell eight per cent for the second quarter.Indigo, which launched an initiative to cut $20 million to $25 million in costs at the start of this year, says it reduced expenses by $9 million in the first half of its 2020 financial year.It says that has been partially offset by other costs, including opening new stores and one-time expenses with moving its New York office to Toronto.This report by The Canadian Press was first published Nov. 6, 2019.Companies in this story: (TSX:IDG)The Canadian Press
TORONTO , Nov. 6, 2019 /CNW/ - Indigo Books & Music Inc. (TSX: IDG), Canada's largest book, gift and specialty toy retailer reported total comparable sales decline of 8.0% for the second quarter of its ...
From bestselling authors to the most anticipated new releases, Indigo stores across Canada are thrilled to announce the following events in November. INDIGO PRESENTS: YOU ARE AWESOME BOOK LAUNCH WITH NEIL ...
Ipsos and Indigo explore the reading habits of Canadians aged 18-70 and finds that they are dedicated readers who incorporate books into their daily routines. TORONTO, Nov. 1, 2019 /CNW/ - According to an Ipsos survey commissioned by Indigo Books & Music Inc. (TSX:IDG.TO - News), the world's first cultural department store for booklovers and Canada's largest book retailer, Canadian adult readers report that they spend an average of six hours per week reading at least one book, with 34% reading two or more at a time. Canadian adults were asked about their reading habits and found that many are passionate readers, with physical books indicated as the most widely read material.
TORONTO, Oct. 25, 2019 /CNW/ - Indigo (TSX:IDG.TO - News), the world's first cultural department store for booklovers, is thrilled to announce its list of the Best Books of 2019, led by Cherie Dimaline's stunning novel, Empire of Wild. Every year, Indigo's team of expert booksellers read thousands of the year's books and, after much debate and deliberation, hand pick which titles ultimately earn a place on the highly anticipated list. From the trials and tribulations of a 1970's rock band to a poignant memoir about hope and resilience, Indigo's experts are confident that readers will be captivated by the stories on this year's list.
The future doesn't look good for Bombardier, Inc. (TSX:BBD.B), Reitmans (Canada) Limited (TSX:RET.A), or Indigo Books and Music (TSX:IDG).
TORONTO, Oct. 2, 2019 /CNW/ - Indigo (TSX: IDG), the world's first Cultural Department Store® for booklovers, is thrilled to announce the opening of its new Indigobaby shop located at Indigo CF Sherway Gardens in Toronto, Ontario. Following the successful launch of the Indigobaby Gift Registry earlier this year, Indigo is now launching this new concept as the ultimate destination for expectant parents and gift givers of newborns. "We are absolutely thrilled to be opening the doors to this new Indigobaby concept at our Sherway location," said Kirsten Chapman, President, Indigo.
TORONTO , Oct. 1, 2019 /CNW/ - From bestselling authors to the most anticipated new releases, Indigo stores across Canada are thrilled to announce the following events in October. i INDIGO AND CHATELAINE ...
TORONTO, Sept. 25, 2019 /CNW/ - Indigo (TSX:IDG.TO - News), the world's first Cultural Department Store® for booklovers, today announced its new membership program, plum® PLUS, launching nationally this week. plum PLUS rewards customers with an immediate discount on eligible products and the ability to earn points on almost every dollar spent at over 200 Indigo, Chapters, Indigospirit and Coles stores across Canada, as well as at indigo.ca. Earn 5 plum points on almost every dollar spent.
From books by beloved childhood stars Lois, Sharon and Bram, to the latest STEM toys, Indigo's top gifts will sure to please every big kid and little kid this holiday season TORONTO , Sept. 18, 2019 /CNW/ ...
Hunting for a bargain? This group of beaten-down stocks, including CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST), might provide the value you're looking for.
Indigo Books and Music Inc. (TSX:IDG), a Canadian retail stock that is trading at rock bottom valuations, may be worth considering at these levels.
The big shareholder groups in Indigo Books & Music Inc. (TSE:IDG) have power over the company. Insiders often own a...
TORONTO , Sept. 4, 2019 /CNW/ - From bestselling authors to the most anticipated new releases, Indigo stores across Canada are thrilled to announce the following events in September. i IN PERSON: GEORGE ...
Bookstore stocks like Indigo Books and Music Inc. (TSX:IDG) are now bargain buys as retail margins drive investors toward e-commerce.
Few companies can truly compete alongside Amazon.com, Inc. (NASDAQ:AMZN), and this stock is certainly not one that I'd expect will be able to last for much longer.
TORONTO — Shares of Indigo Books & Music Inc. closed down almost 15 per cent Wednesday as the company missed earnings expectations amid a strategy change.The Toronto-based retailer said its revenue dropped and its loss widened in its first quarter as it worked to cut promotions and low-margin merchandise, as well as remodel stores and offerings.CEO Heather Reisman said the transition pressures have led to lower sales, but are already helping with margins."We have strategically moved to be far less promotional" she said."We just have to live through it this year, we just have to live through it."The bookseller said its revenue totalled $192.6 million for the period ended June 29, down $12.8 million from $205.4 million for the same quarter the previous year.Comparable sales, including stores and e-commerce, fell 7.6 per cent.Reisman said the pullback on lower priced items and promotions was having an impact online, where customers are more price sensitive. It has also somewhat affected sales in stores, though the company is still seeing steady foot traffic."We are seeing our customers come in, but they're spending a bit less."Reisman said products led by new chief creative officer Nathan Williams, who started June 3, would start rolling out in about nine months.The co-founder of Kinfolk magazine is expected to shake up the company's creative direction with general merchandise after sales in the category slowed in the past year.The revamped and selective product offerings are part of Indigo's efforts to differentiate itself from online retailer Amazon, which Indigo generally matches on book prices."There's no question that the intensity with which Amazon is in the market is huge and we have several categories that are up against them," Reisman said. Indigo's net loss came in at $19.1 million or 69 cents per common share in the quarter compared with a net loss of $15.4 million or 57 cents per share in the first quarter of its 2019 financial year.Analysts surveyed by financial markets data firm Refinitiv expected revenue of $237.2 million, and adjusted net loss of $12.45 million or 46 cents per share. The company didn't provide an adjusted loss for the quarter.The first quarter comes on the back of a challenging year for the bookseller, as it reported a nearly $40-million net loss for its 2019 financial year.Indigo blamed, in part, a prolonged Canada Post strike and lower consumer spending in the fourth quarter.The company has said it remains committed to growing into a global brand, despite not planning to open any new stores this year as it works instead to advance other initiatives.Indigo operates one store in the United States, at New Jersey's Mall at Short Hills, where foot traffic has proved disappointing and prompted Indigo to re-evalutae its real estate strategy in the future.The company's shares ended down $1.17, or 14.87 per cent, at $6.7 on the Toronto Stock Exchange. Companies in this story: (TSX:IDG)The Canadian Press