Natural Grocers (NGVC) Tops Q2 EPS by 2c, Slight Beat on Revenues; Offers FY19 EPS Mid-Point Guidance Below Consensus

Natural Grocers (NYSE: NGVC) reported Q2 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $230.4 million versus the consensus estimate of $229.78 million.

• Net sales increased 6.7% to $230.4 million;
• Daily average comparable store sales increased 2.9%;
• Operating income increased 8.4% to $6.1 million;
• Net income increased 13.4% to $3.9 million with diluted earnings per share of $0.17;
• EBITDA increased 2.7% to $13.4 million; and
• Opened one new store and relocated one store in the second quarter, resulting in a 4.8% unit growth rate for the twelve-month period ended March 31, 2019.

"Our strong results for the second quarter were driven by continued positive trends in comparable store sales and consistent year-on-year gross margin performance," said Kemper Isely, Co-President. "As a result of our year-to-date performance, our outlook for fiscal 2019 daily average comparable store sales growth remains in line with expectations, and we are raising our fiscal 2019 diluted earnings per share outlook."

GUIDANCE:

Natural Grocers sees FY2019 EPS of $0.35-$0.41, versus the consensus of $0.40.

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

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