Natural Grocers (NGVC) Tops Q4 EPS by 1c, Beats on Revenues; Offers FY18 EPS Guidance
Natural Grocers (NYSE: NGVC) reported Q4 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $198.5 million versus the consensus estimate of $193.82 million.
Highlights for Fourth Quarter and Fiscal 2017 Compared to Fourth Quarter and Fiscal 2016
- Net sales increased 9.7% to $198.5 million in the fourth quarter and increased 9.0% to $769.0 million in fiscal 2017;
- Daily average comparable store sales increased 2.1% in the fourth quarter and increased 0.1% in fiscal 2017;
- Net income was $1.2 million with diluted earnings per share of $0.06 in the fourth quarter and was $6.9 million with diluted earnings per share of $0.31 in fiscal 2017;
- EBITDA was $10.3 million in the fourth quarter and was $43.6 million in fiscal 2017; and
- Opened 14 new stores in fiscal 2017 compared to 23 new stores in fiscal 2016, resulting in growth rates of 11.1% and 22.3% for the twelve month periods ended September 30, 2017 and 2016, respectively.
GUIDANCE:
Natural Grocers sees FY2018 EPS of $0.21-$0.31, versus the consensus of $0.24.
For earnings history and earnings-related data on Natural Grocers (NGVC) click here.
