NYSE$NGVC

Natural Grocers By Vitamin C · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported a decrease in net sales but an increase in operating income and net income compared to the same quarter last year.

Natural Grocers reported a decrease in net sales by 2.4% to $258.6 million, but increased operating income by 5.4% to $7.0 million and net income by 7.3% to $5.0 million in the third quarter of fiscal year 2021. The company's comparable store transaction count turned positive, and basket size moderated as shopping patterns started returning to pre-pandemic levels. The company also raised its outlook for fiscal year 2021.

  • Net sales decreased 2.4% to $258.6 million.
  • Operating income increased 5.4% to $7.0 million.
  • Net income increased 7.3% to $5.0 million.
  • Diluted earnings per share was $0.22 compared to $0.21.

Headline financials

Total Revenue

$259M

Previous: $265M-2.4%
EPS (adj)

$0.22

Previous: $0.21+4.8%
Comp store sales growth

-3.6%

Previous: 15.5%-123.2%
Adjusted EBITDA

$14.5M

No prior period
Capital Expenditures

-$15.5M

Previous: -$23.3M+33.4%
Free Cash Flow

-$10.5M

Previous: -$18.6M+43.6%
Net Income

$5.03M

Previous: $4.69M+7.3%
Operating Income

$7.05M

Previous: $6.69M+5.4%
Gross Profit

$71.5M

Previous: $72.4M-1.2%
Cash & Equivalents

$14.5M

Previous: $29.9M-51.4%
Total Assets

$646M

Previous: $675M-4.3%
Stock-Based Comp

$179K

Previous: $199K-10.1%

Revenue & EPS history

Natural Grocers · Revenue · Quarterly

$259M

Q3 2021-2.4%vs Q3 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 has updated its fiscal 2021 outlook and raised its diluted earnings per share guidance, reflecting the year to date results 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 Q3 2021

Historical avgQ3 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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