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Mar 31, 2021
Natural Grocers Q2 2021 Earnings Report
Reported a decrease in net sales and earnings due to severe weather and lapping the initial pandemic sales surge.
Key Takeaways
Natural Grocers announced its Q2 Fiscal 2021 results with a decrease in net sales by 6.6% to $259.2 million compared to Q2 2020. Operating income decreased by 49.4% to $6.7 million, and diluted earnings per share decreased to $0.21 compared to $0.43 in the same period last year. The company opened one new store and remodeled one store during the quarter.
Net sales decreased 6.6% to $259.2 million.
Daily average comparable store sales decreased 7.0%.
Operating income was $6.7 million compared to $13.3 million.
Diluted earnings per share was $0.21 compared to $0.43.
Natural Grocers
Natural Grocers
Forward Guidance
The Company is confirming its fiscal 2021 outlook, which was previously announced on November 19, 2020, with the exception of lowering its expectations for new store openings and store relocations/remodels during fiscal 2021.