NYSE$NGVC

Natural Grocers By Vitamin C · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Natural Grocers reported strong first quarter results with robust sales and profitability growth.

Natural Grocers had a strong start to fiscal 2021, with net sales increasing by 15.2% to $265.0 million and net income increasing by 94.4% to $3.6 million.

  • Net sales increased 15.2% to $265.0 million.
  • Daily average comparable store sales increased 12.7%.
  • Operating income increased 82.7% to $5.2 million.
  • Net income increased 94.4% to $3.6 million with diluted earnings per share of $0.16.

Headline financials

Total Revenue

$265M

Previous: $230M+15.2%
EPS (adj)

$0.16

Previous: $0.08+100.0%
Comp store sales growth

12.7%

Previous: 1.9%+568.4%
Gross margin

27.6%

No prior period
Adjusted EBITDA

$13.2M

No prior period
Capital Expenditures

-$3.27M

Previous: -$11M+70.2%
Free Cash Flow

$359K

Previous: -$9.11M+103.9%
Net Income

$3.63M

Previous: $1.87M+94.4%
Operating Income

$5.2M

Previous: $2.85M+82.7%
Gross Profit

$73M

Previous: $60.5M+20.7%
Cash & Equivalents

$24.7M

Previous: $5.16M+378.2%
Total Assets

$664M

Previous: $669M-0.8%
Stock-Based Comp

$248K

Previous: $279K-11.1%

Revenue & EPS history

Natural Grocers · Revenue · Quarterly

$265M

Q1 2021+15.2%vs Q1 2020
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

Natural Grocers · $35M total across 2 segments · Q1 2021

  • Comparable store sales
    $29.2M
  • New store sales
    $5.8M

Forward guidance

The Company is confirming its fiscal 2021 outlook, which was previously announced on November 19, 2020. The fiscal 2021 outlook reflects current trends in light of the rapidly evolving COVID-19 environment and related government mandates.

Tailwinds

  • Number of new stores
  • Number of relocations
  • Daily average comparable store sales growth
  • Diluted earnings per share
  • Capital expenditures

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+4.6%

Avg return

Earnings day

+4.6%

Avg return

5 days after

+3.6%

Avg return

30 days after

59%

34 / 58 earnings

Positive

+44.7%

Q2 2020

Best reaction

-35.0%

Q2 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-5.2%+1.3%+7.7%
Q1 2026-0.1%-9.8%-4.1%
Q4 2025-6.6%-8.5%-17.0%
Q2 2025+31.5%+8.8%-1.3%
Q1 2025+2.5%-0.5%-23.2%
Q4 2024+31.1%+33.9%+12.7%
Q3 2024+6.0%+0.3%+12.8%
Q2 2024+9.1%+13.1%+16.6%
Q1 2024+18.4%+4.1%+17.7%
Q4 2023+20.1%+28.6%+25.0%
Q3 2023+5.8%+5.3%+1.1%
Q2 2023+11.6%+4.1%+0.8%
Q1 2023-0.9%+2.3%+10.6%
Q4 2022-11.2%-10.1%-22.1%
Q3 2022-5.9%-8.7%-18.1%
Q2 2022-17.1%-11.0%-16.7%
Q1 2022+2.5%+11.6%+30.4%
Q4 2021+10.7%+17.0%+11.4%
Q3 2021+5.1%+4.3%+6.1%
Q2 2021-19.5%-25.4%-29.9%
Q1 2021-0.9%+0.2%-3.0%
Q4 2020+17.0%+24.9%+10.8%
Q3 2020-7.2%-16.3%-33.0%
Q2 2020+44.7%+27.6%+32.8%
Q1 2020-5.1%-5.0%-21.8%
Q4 2019+7.4%+5.8%+10.6%
Q3 2019+29.7%+17.1%+2.9%
Q2 2019+3.9%+5.5%-15.5%
Q1 2019-3.4%+0.2%-8.6%
Q4 2018+35.6%+29.7%+8.3%
Q3 2018+38.4%+31.4%+54.8%
Q2 2018+18.2%+33.2%+55.5%
Q1 2018-23.1%-15.3%-15.6%
Q4 2017+28.3%+32.0%+83.6%
Q3 2017-34.6%-30.3%-32.1%
Q2 2017-7.5%-7.0%-2.1%
Q1 2017-4.4%-4.3%-3.9%
Q4 2016-5.2%-5.5%+5.7%
Q3 2016+1.5%-5.3%-9.0%
Q2 2016+2.6%
Q1 2016-12.9%
Q4 2015+3.5%
Q3 2015+20.0%
Q2 2015-12.2%
Q1 2015+9.8%
Q4 2014+20.1%
Q3 2014-13.4%
Q2 2014-35.0%
Q1 2014+13.3%
Q4 2011+1.4%
Q4 2013-1.8%
Q3 2013-1.4%
Q2 2013+17.5%
Q2 2012+17.5%
Q1 2012+8.4%
Q1 2013+8.4%
Q4 2012+6.1%
Q3 2012-5.8%
Q3 2011
Q2 2011
Q1 2011

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