Indigo Books and Music Inc. trimmed its net loss to end its fiscal year that saw it swing to a small profit.
The Toronto-based retailer says it lost $23.4-million in the fourth quarter, compared with a loss of $39.5-million a year earlier.
Indigo did not provide per share earnings numbers for the quarter.
Revenues for the three months ended April 2 were $220.7-million, up 10.9 per cent from $199-million in the fourth quarter of 2021.
For the full-year, Indigo earned $3.27-million on $1.06-billion of revenues, compared with a loss of $57.9-million on $904.7-million of revenues in 2021.
Indigo said revenues surpassed its performance in the preceding three years, including before COVID-19 wreaked havoc on its operations from government-forced store closures.
“This COVID period though challenging, has spurred creative thinking and we are energized by the opportunities ahead of us,” stated CEO Heather Reisman in a news release.
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