Natural Grocers Q2 net sales up 4.2% to $283.2M; raises comparable store sales guidance

Natural Grocers by Vitamin Cottage, Inc.

2023-Q2 EPS reported $0.45 revenue$563,702,000

Net sales $283.2M (+4.2% YoY); daily avg comparable store sales +2.7% (7.0% on two-year basis).
Net income $5.9M, diluted EPS $0.26 vs $0.28 YoY; includes $0.03 impairment charge from store closure.
Adjusted EBITDA $16.8M; opened one new store, 3.1% new store growth rate.
Management raised comparable store sales guidance for fiscal 2023, citing increased customer traffic.
Company decided to close two underperforming stores as part of productivity improvement efforts.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Natural Grocers by Vitamin Cottage, Inc. reported second quarter of fiscal 2023 ended March 31, 2023 results: revenue $283.2 million, net income $5.9 million, EPS $0.26. Guidance raised.

Period: second quarter of fiscal 2023 ended March 31, 2023
Revenue: $283.2 million
Net income: $5.9 million
EPS: $0.26
Guidance: raised
Result: reported results

Exact text from the filing

for its second quarter of fiscal 2023 ended March 31, 2023. Highlights for Second Quarter Fiscal 2023 Compared to Second Quarter Fiscal 2022 ● Net sales increased 4.2% to $283.2 million; ● Daily average comparable store sales increased 2.7%, and increased 7.0% on a two-year basis; ● Net income was $5.9 million, with diluted earnings per share of $0.26, including

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Source: SEC EDGAR

accession 0001437749-23-012565

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