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Jun 30, 2024
Natural Grocers Q3 2024 Earnings Report
Announced third quarter fiscal 2024 results and raised fiscal 2024 outlook.
Key Takeaways
Natural Grocers reported a strong third quarter in fiscal year 2024, with net sales increasing by 9.7% to $309.1 million and net income rising by 30.2% to $9.2 million, driven by comparable store sales growth and effective expense management.
Net sales increased 9.7% to $309.1 million.
Daily average comparable store sales increased 7.2%.
Operating income increased 41.4% to $12.8 million.
Net income increased 30.2% to $9.2 million, with diluted earnings per share of $0.40.
Natural Grocers
Natural Grocers
Forward Guidance
The company is raising its fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share. Additionally, the Company is refining its outlook for the number of new stores and relocations/remodels, and narrowing its capital expenditures range.
Positive Outlook
- Number of new stores: 4
- Number of relocations/remodels: 5
- Daily average comparable store sales growth: 6.0% to 7.0%
- Diluted earnings per share: $1.27 to $1.34
- Capital expenditures: $35 to $39 million