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Mar 31, 2020
Natural Grocers Q2 2020 Earnings Report
Reported strong second quarter results driven by unprecedented sales activity resulting from the COVID-19 outbreak.
Key Takeaways
Natural Grocers announced strong Q2 2020 results with a 20.4% increase in net sales, a 116.6% increase in operating income, and a 151.8% increase in net income, driven by unprecedented sales activity related to the COVID-19 outbreak.
Net sales increased 20.4% to $277.5 million.
Daily average comparable store sales increased 17.0%.
Operating income increased 116.6% to $13.3 million.
Net income increased 151.8% to $9.7 million with diluted earnings per share of $0.43.
Natural Grocers
Natural Grocers
Forward Guidance
The Company has updated its fiscal 2020 outlook, reflecting year to date results and current trends in light of the rapidly evolving COVID-19 environment. The fiscal 2020 outlook does not contemplate significant additional changes to the current operating environment as a result of further COVID-19 developments and assumes a moderation of COVID-19 related elevated sales as the year progresses.