NGVC - Natural Grocers by Vitamin Cottage GAAP EPS of $0.31 revenue of $281.8M; raises FY23 outlook

2023-08-04 01:21:13 ET

• Natural Grocers by Vitamin Cottage press release ( NYSE: NGVC ): Q3 GAAP EPS of $0.31.
• Revenue of $281.8M (+5.8% Y/Y).
• Daily average comparable store sales increased 4.4%, and increased 6.9% on a two-year basis.
• Adjusted EBITDA was $16.7 million.
• The effective income tax rate was 14.1% and 22.1% for the third quarter of fiscal 2023 and 2022, respectively.
• Fiscal 2023 Outlook: Diluted earnings per share of $0.86 to $0.94 vs. consensus of $0.81; Capital expenditures (in millions) $28 to $35; Daily average comparable store sales growth of 2.0% to 3.0%.

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