NYSE$NGVC

Natural Grocers By Vitamin C · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a decrease in net sales and earnings due to severe weather and lapping the initial pandemic sales surge.

Natural Grocers announced its Q2 Fiscal 2021 results with a decrease in net sales by 6.6% to $259.2 million compared to Q2 2020. Operating income decreased by 49.4% to $6.7 million, and diluted earnings per share decreased to $0.21 compared to $0.43 in the same period last year. The company opened one new store and remodeled one store during the quarter.

  • Net sales decreased 6.6% to $259.2 million.
  • Daily average comparable store sales decreased 7.0%.
  • Operating income was $6.7 million compared to $13.3 million.
  • Diluted earnings per share was $0.21 compared to $0.43.

Headline financials

Total Revenue

$259M

Previous: $278M-6.6%
EPS (adj)

$0.21

Previous: $0.43-51.2%
Comp store sales growth

-7.0%

Previous: 17.0%-141.2%
Adjusted EBITDA

$14.1M

No prior period
Capital Expenditures

-$8.67M

Previous: -$18.8M+53.8%
Free Cash Flow

-$3.97M

Previous: -$9.04M+56.1%
Net Income

$4.7M

Previous: $9.72M-51.6%
Operating Income

$6.71M

Previous: $13.3M-49.4%
Gross Profit

$71.8M

Previous: $77.8M-7.7%
Cash & Equivalents

$21M

Previous: $29.4M-28.6%
Total Assets

$659M

Previous: $677M-2.6%
Stock-Based Comp

$239K

Previous: $273K-12.5%

Revenue & EPS history

Natural Grocers · Revenue · Quarterly

$259M

Q2 2021-6.6%vs Q2 2020
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Revenue by segment

Natural Grocers · $8.5M total across 2 segments · Q3 2022

  • Comparable store sales
    $6.4M
  • New store sales
    $2.1M

Forward guidance

The Company is confirming its fiscal 2021 outlook, which was previously announced on November 19, 2020, with the exception of lowering its expectations for new store openings and store relocations/remodels during fiscal 2021.

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 Q2 2021

Historical avgQ2 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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