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Jun 30, 2021
Natural Grocers Q3 2021 Earnings Report
Reported a decrease in net sales but an increase in operating income and net income compared to the same quarter last year.
Key Takeaways
Natural Grocers reported a decrease in net sales by 2.4% to $258.6 million, but increased operating income by 5.4% to $7.0 million and net income by 7.3% to $5.0 million in the third quarter of fiscal year 2021. The company's comparable store transaction count turned positive, and basket size moderated as shopping patterns started returning to pre-pandemic levels. The company also raised its outlook for fiscal year 2021.
Net sales decreased 2.4% to $258.6 million.
Operating income increased 5.4% to $7.0 million.
Net income increased 7.3% to $5.0 million.
Diluted earnings per share was $0.22 compared to $0.21.
Natural Grocers
Natural Grocers
Forward Guidance
The Company has updated its fiscal 2021 outlook and raised its diluted earnings per share guidance, reflecting the year to date results and current trends.