NYSE$NGVC
Natural Grocers By Vitamin C · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Net sales increased slightly, driven by new stores and comparable store sales. Profitability declined due to higher store and administrative expenses.
Natural Grocers reported a slight increase in net sales for the first quarter of fiscal 2023, driven by new store sales and comparable store sales growth. However, net income and earnings per share decreased compared to the prior year due to increased store and administrative expenses.
- Net sales increased by 1.1% to $280.5 million.
- Daily average comparable store sales increased by 0.5%.
- Net income was $4.4 million, with diluted earnings per share of $0.19.
- The Company opened one new store.
Headline financials
Revenue & EPS history
Natural Grocers · Revenue · Quarterly
$280M
Revenue by segment
Natural Grocers · $8.5M total across 2 segments · Q3 2022
- Comparable store sales$6.4M—75.3%
- New store sales$2.1M—24.7%
Forward guidance
The Company is reaffirming its fiscal 2023 outlook, reflecting recent results, current operating trends, consumer trends, and the uncertainty of the economic environment, including inflationary factors.
Tailwinds
- Number of new stores: 4-6
- Number of relocations/remodels: 1-2
Headwinds
- Daily average comparable store sales growth: -2.0% to 1.0%
- Diluted earnings per share: $0.70 to $0.90
- Capital expenditures (in millions): $28 to $35
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 2023
+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
| Quarter | Report date | Reaction (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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