Natural Grocers by Vitamin Cottage (NYSE:NGVC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Natural Grocers by Vitamin Cottage Earnings Cheat Sheet
Revenue: Rose 30.55% to $113.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Natural Grocers by Vitamin Cottage reported adjusted EPS income of $0.13 per share. By that measure, the company missed the mean analyst estimate of $0.14. It beat the average revenue estimate of $107.32 million.
Quoting Management: “Our solid financial results this quarter reflect the continued strength of our business model, bolstered by our commitment to our five founding principles,” said Kemper Isely, NGVC Co-President. “With our strong comparable sales growth and a disciplined approach to managing expenses, we remain confident in our strategy and our ability to grow our store base while expanding both the top and bottom line.”
Key Stats (on next page)…