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Sep 30, 2020
Natural Grocers Q4 2020 Earnings Report
Reported strong sales and profitability trends, driven by customer loyalty and effective response to the COVID-19 pandemic.
Key Takeaways
Natural Grocers reported a strong fourth quarter for fiscal year 2020, with net sales increasing by 16.3% to $264.2 million and net income increasing by 174.2% to $3.7 million. The company's performance was driven by increased comparable store sales and effective management of the COVID-19 pandemic.
Net sales increased 16.3% to $264.2 million.
Daily average comparable store sales increased 13.2%.
Operating income increased 78.7% to $5.0 million.
Net income increased 174.2% to $3.7 million with diluted earnings per share of $0.16.
Forward Guidance
The Company is introducing its fiscal 2021 outlook, reflecting current trends in light of the rapidly evolving COVID-19 environment and related government mandates.
Positive Outlook
- Number of new stores: 5-6
- Number of relocations: 3-5
Challenges Ahead
- Daily average comparable store sales growth: -2.0% to 2.0%
- Diluted earnings per share: $0.60 to $0.70
- Capital expenditures (in millions): $28 to $35
Historical Earnings Impact
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Avg. Return Before/After Earnings
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