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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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