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Sep 30, 2023
Natural Grocers Q4 2023 Earnings Report
Announced fourth quarter and fiscal year results, reporting 20th consecutive year of positive comparable store sales growth and record earnings, and declared a special cash dividend of $1.00 per common share.
Key Takeaways
Natural Grocers reported a 7.6% increase in net sales to $295.1 million for the fourth quarter of fiscal year 2023. Daily average comparable store sales increased by 6.9%. Net income was $5.9 million, with diluted earnings per share of $0.26.
Net sales increased 7.6% to $295.1 million.
Daily average comparable store sales increased 6.9%.
Net income was $5.9 million, with diluted earnings per share of $0.26.
Adjusted EBITDA was $16.1 million.
Forward Guidance
The Company is introducing its fiscal 2024 outlook reflecting current operating trends, consumer trends, and the uncertainty of the economic environment.
Positive Outlook
- Number of new stores: 4-6
- Number of relocations/remodels: 4-6
- Daily average comparable store sales growth: 2.0% to 4.0%
- Diluted earnings per share: $1.00 to $1.10
- Capital expenditures (in millions): $30 to $39
Historical Earnings Impact
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Avg. Return Before/After Earnings
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