Natural Grocers Q3 net sales up 9.7% to $309.1M; raises FY2024 outlook

Natural Grocers by Vitamin Cottage, Inc.

2024-Q3 EPS reported $1.08 revenue$918,924,000

Net income $9.2M, diluted EPS $0.40; operating income +41.4% to $12.8M.
Daily avg comparable store sales +7.2% (4.7% transaction count, 2.4% transaction size); 4th consecutive quarter >6% comp growth.
Operating margin improved 100bps YoY; Adjusted EBITDA $22.2M.
Company raises fiscal 2024 outlook for daily avg comp store sales growth and diluted EPS (new specific numbers not provided).

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