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Mar 31, 2022
Natural Grocers Q2 2022 Earnings Report
Announced results for the second quarter of fiscal 2022 and raised its outlook for fiscal 2022.
Key Takeaways
Natural Grocers reported a strong second quarter in fiscal year 2022, marked by a 4.9% increase in net sales, a 4.3% rise in daily average comparable store sales, and a 33.3% growth in diluted earnings per share. The company's agility in adapting to changing operating environments, including pandemic-related challenges and supply chain constraints, contributed to the positive financial performance, leading to an increased fiscal year 2022 outlook.
Net sales increased 4.9% to $271.8 million.
Daily average comparable store sales increased 4.3%.
Operating income increased 32.2% to $8.9 million.
Diluted earnings per share was $0.28, up 33.3% from the second quarter of fiscal 2021.
Natural Grocers
Natural Grocers
Forward Guidance
The Company is raising its fiscal 2022 comparable store sales growth and diluted earnings per share outlook based upon year to date performance and current trends.