NYSE$NGVC
Natural Grocers By Vitamin C · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Announced third quarter fiscal 2024 results and raised fiscal 2024 outlook.
Natural Grocers reported a strong third quarter in fiscal year 2024, with net sales increasing by 9.7% to $309.1 million and net income rising by 30.2% to $9.2 million, driven by comparable store sales growth and effective expense management.
- Net sales increased 9.7% to $309.1 million.
- Daily average comparable store sales increased 7.2%.
- Operating income increased 41.4% to $12.8 million.
- Net income increased 30.2% to $9.2 million, with diluted earnings per share of $0.40.
Headline financials
Revenue & EPS history
Natural Grocers · Revenue · Quarterly
$309M
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 raising its fiscal 2024 outlook for daily average comparable store sales growth and diluted earnings per share. Additionally, the Company is refining its outlook for the number of new stores and relocations/remodels, and narrowing its capital expenditures range.
Tailwinds
- Number of new stores: 4
- Number of relocations/remodels: 5
- Daily average comparable store sales growth: 6.0% to 7.0%
- Diluted earnings per share: $1.27 to $1.34
- Capital expenditures: $35 to $39 million
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 2024
+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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