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Indigo Reports FY22 Second Quarter Results - Indigo delivers strong omnichannel sales meaningfully beating last year and pre - COVID 2nd quarter results TORONTO , ON - November 9 , 2021 -- Indigo Books & Music Inc. ( TSX : IDG ) , Canada's largest book and lifestyle retailer reported financial results for the 13 - week period ended October 2 , 2021 compared to the 13 - week period ended September 26 , 2020 . Revenue for the quarter increased 16 % to $ 238.8 million from $ 205.3 million , exceeding both last year and pre - pandemic levels . It is worth noting that these results were achieved notwithstanding occupancy constraints in several key jurisdictions and footfall meaningfully below pre - pandemic levels in the central cores of most major cities . The revenue improvements were delivered by a strengthened omnichannel business , with the online channel delivering 85 % growth over the same quarter in fiscal 2020. Retail does remain traffic - challenged but ustome who came to shop demonstrated a strong commitment to books and a continuing positive response to our lifestyle offering . The Company's proprietary brands OUI ( home ) and Nóta ( paper ) delivered well above expectations . These brands are a key pillar in our efforts to drive profitable growth . Commenting on the results , CEO Heather Reisman said : " Our customers are clearly demonstrating a positive response to all aspects of our omnichannel approach delivering the second quarter revenues well above pre - pandemic levels . " Adjusted EBITDA for the quarter was $ 10.6 million compared to a loss of $ 11.3 million for the same period last year , an improvement of $ 21.9 million . It should be noted that these results were achieved with lower external COVID - 19 labour support for home office and field leadership , and a corresponding increase in retail operating expenses , off - set by a one - time payment of $ 17.0 million , resulting from the renegotiation of the Company's partnership with Starbucks . Moving forward , thirty - six cafés will continue to operate as Starbucks within Indigo stores , while the remaining cafés , which have been closed throughout the course of the COVID - 19 pandemic , will be reimagined under the evolving Indigo brand retail experience . Indigo reported net earnings of $ 3.5 million ( $ 0.13 net earnings per basic common share ) compared to a net loss of $ 17.5 million ( $ 0.63 net loss per basic common share ) last year , for the reasons discussed .