Natural Grocers announced its Q3 2022 results, showing an increase in net sales and comparable store sales. However, the operating income and net income decreased compared to the previous year. The company is refining its fiscal 2022 outlook based on year-to-date performance and current trends.
Net sales increased by 3.0% to $266.3 million.
Daily average comparable store sales increased by 2.5%.
Operating income was $5.7 million.
Net income was $3.9 million with diluted earnings per share of $0.17.
The Company is refining its fiscal 2022 new store openings, comparable store sales and earnings per share outlook based upon year-to-date performance and current trends, as well as the uncertainty of the pandemic, and economic and inflationary factors.
Visualization of income flow from segment revenue to net income