NYSE$NGVC

Natural Grocers By Vitamin C · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced results for the second quarter of fiscal 2022 and raised its outlook for fiscal 2022.

Natural Grocers reported a strong second quarter in fiscal year 2022, marked by a 4.9% increase in net sales, a 4.3% rise in daily average comparable store sales, and a 33.3% growth in diluted earnings per share. The company's agility in adapting to changing operating environments, including pandemic-related challenges and supply chain constraints, contributed to the positive financial performance, leading to an increased fiscal year 2022 outlook.

  • Net sales increased 4.9% to $271.8 million.
  • Daily average comparable store sales increased 4.3%.
  • Operating income increased 32.2% to $8.9 million.
  • Diluted earnings per share was $0.28, up 33.3% from the second quarter of fiscal 2021.

Headline financials

Total Revenue

$272M

Previous: $259M+4.9%
EPS (adj)

$0.28

Previous: $0.21+33.3%
Comp store sales growth

4.3%

Previous: -7.0%+161.4%
Gross margin

28.2%

No prior period
Capital Expenditures

-$10.9M

Previous: -$8.67M-25.2%
Free Cash Flow

-$4.5M

Previous: -$3.97M-13.3%
Net Income

$6.36M

Previous: $4.7M+35.1%
Operating Income

$8.86M

Previous: $6.71M+32.2%
Gross Profit

$76.8M

Previous: $71.8M+6.9%
Cash & Equivalents

$28.9M

Previous: $21M+37.7%
Total Assets

$655M

Previous: $659M-0.6%
Stock-Based Comp

$296K

Previous: $239K+23.8%

Revenue & EPS history

Natural Grocers · Revenue · Quarterly

$272M

Q2 2022+4.9%vs Q2 2021
Beat estimate in 5 of 9 quarters(56%)
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 raising its fiscal 2022 comparable store sales growth and diluted earnings per share outlook based upon year to date performance and current trends.

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 2022

Historical avgQ2 2022

+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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