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Dec 31, 2023
Natural Grocers Q1 2024 Earnings Report
Announced results for the first quarter of fiscal 2024 and raised fiscal 2024 outlook.
Key Takeaways
Natural Grocers reported a strong first quarter in fiscal 2024, with net sales increasing by 7.6% to $301.8 million and diluted earnings per share increasing by 78.9% to $0.34. The company raised its fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share.
Net sales increased 7.6% to $301.8 million.
Daily average comparable store sales increased 6.2%.
Net income was $7.8 million, with diluted earnings per share of $0.34.
Opened two new stores and relocated one store.
Natural Grocers
Natural Grocers
Forward Guidance
The Company is raising its fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share.