![]() ![]() and its subsidiaries (collectively, the Company) in conformity with U.S. In addition to presenting the financial results of Natural Grocers by Vitamin Cottage, Inc. We are increasing our outlook for comparable store sales and diluted earnings per share for fiscal year 2023 to reflect the strong results in the third quarter." Isely continued, "We are confident in our execution and the trajectory of our business. Our crew members' commitment to operational excellence and exceptional customer service was instrumental in driving our strong sales results, as well as our 130 basis point improvement in gross margin and 82.4% growth in diluted earnings per share to $0.31." We believe the enduring strength of our business model is further reflected in the 19.1% increase in daily average comparable store sales compared to the third quarter of 2019. "Growth continues to be driven by a loyal and resilient customer base that prioritizes our offering of high-quality natural and organic products at Always Affordable SM prices. Moreover, strength was broad-based across categories," said Kemper Isely, Co-President. "We delivered strong results in the third quarter reflecting continued top-line momentum as comparable store sales accelerated to 4.4% including a 1.9% increase in daily average transaction count. Diluted earnings per share was $0.31, up 82.4% from $0.17 in the third quarter of fiscal 2022 and.Net income increased 79.8% to $7.1 million.Operating income increased 60.8% to $9.1 million.Daily average comparable store sales increased 4.4%, and increased 6.9% on a two-year basis.Net sales increased 5.8% to $281.8 million.Highlights for Third Quarter Fiscal 2023 Compared to Third Quarter Fiscal 2022 ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |