Natural Grocers (NGVC) Misses Q3 EPS by 9c; Lowers Outlook

Natural Grocers (NYSE: NGVC) reported Q3 EPS of $0.03, $0.09 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $194.7 million versus the consensus estimate of $196.26 million.

GUIDANCE:

Natural Grocers sees FY2017 EPS of $0.31-$0.34, versus the consensus of $0.45.

"While we had a challenging third quarter in terms of margin and earnings performance, I am encouraged by the improvements in our daily average comparable store sales and by mature store sales trends during the third quarter," said Kemper Isely, Co-President. "We believe these trends reflect the positive impact of our recent marketing initiatives. I was pleased with the strong sales lift we've experienced in our relocated Boulder store and am excited about the recent relocation of our downtown Denver store. Looking ahead, we have moderated new unit growth to reflect the challenging competitive environment and have no additional new store openings planned for the fourth quarter of fiscal 2017. With comparable stores sales trending in the right direction, including good momentum exiting the third quarter, we intend to refocus our efforts on controlling expenses and improving earnings performance."

For earnings history and earnings-related data on Natural Grocers (NGVC) click here.

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