Natural Grocers (NYSE: NGVC) reported Q1 EPS of $0.23, $0.16 better than the analyst estimate of $0.07. Revenue for the quarter came in at $202.5 million versus the consensus estimate of $196.88 million.

• Net income was $5.2 million with diluted earnings per share of $0.23, which included the favorable impact of a $4.3 million, or $0.19 per diluted share, non-cash remeasurement of the Company's deferred income tax assets and liabilities

Highlights for First Quarter Fiscal 2018 Compared to First Quarter Fiscal 2017

• Net sales increased 10.3% to $202.5 million;
• Daily average comparable store sales increased 4.7%;
• Net income was $5.2 million with diluted earnings per share of $0.23, which included the favorable impact of a $4.3 million, or $0.19 per diluted share, non-cash remeasurement of the Company\'s deferred income tax assets and liabilities;
• EBITDA was $9.6 million; and
• Opened two new stores in the first quarter of fiscal 2018, resulting in a unit growth rate of 8.4% for the twelve month period ended December 31, 2017.

GUIDANCE:

Natural Grocers sees FY2018 EPS of $0.40-$0.50, versus the consensus of $0.26.

• The Company is adjusting its outlook for fiscal 2018, which was initially provided when the Company reported fourth quarter and full-year fiscal 2017 results on November 16, 2017, to reflect the favorable impact of a $4.3 million non-cash remeasurement of the Company's deferred income tax assets and liabilities during the first quarter of fiscal 2018

For earnings history and earnings-related data on Natural Grocers (NGVC) click here.