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Jun 30, 2020
Natural Grocers Q3 2020 Earnings Report
Reported strong results driven by increased net sales and comparable store sales, reflecting the impact of the COVID-19 pandemic and government mandates.
Key Takeaways
Natural Grocers announced strong Q3 2020 results, with net sales increasing by 18.1% to $265.1 million and a comparable store sales increase of 15.5%. Net income rose by 134.8% to $4.7 million, with diluted earnings per share reaching $0.21. The company opened two new stores and declared a quarterly dividend of $0.07 per common share.
Net sales increased 18.1% to $265.1 million.
Daily average comparable store sales increased 15.5%.
Net income increased 134.8% to $4.7 million, with diluted earnings per share of $0.21.
Opened two new stores, resulting in a 4.6% new store growth rate.
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 and government mandates.
Positive Outlook
- Number of new stores
- Number of relocations
- Daily average comparable store sales growth
- Net income as a percentage of sales
- Diluted earnings per share $0.79 to $0.83
Challenges Ahead
- The Company cannot predict the duration or severity of the current environment, and how that could impact financial results.
- The fiscal 2020 outlook does not contemplate significant additional changes to the current operating environment as a result of further COVID-19 developments and government mandates.
- incremental occupancy expense
- which is expected to negatively impact diluted earnings per share by $0.01 to $0.02 for fiscal 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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