Natural Grocers (NYSE: NGVC) reported Q2 EPS of $0.15, $0.03 better than the analyst estimate of $0.12. Revenue for the quarter came in at $215.9 million versus the consensus estimate of $210.72 million.

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

• Net sales increased 12.3% to $215.9 million;
• Daily average comparable store sales increased 7.1%;
• Net income increased 13.6% to $3.4 million with diluted earnings per share of $0.15;
• EBITDA increased 1.7% to $13.1 million;
• Opened three new stores, resulting in 7.4% store growth for the twelve month period ended March 31, 2018;
• The Company is raising its fiscal 2018 outlook for daily average comparable stores sales growth to 3.5% to 4.5% and narrowing its fiscal 2018 diluted earnings per share outlook to $0.43 to $0.50; and
• The Company\'s Board of Directors has authorized a two-year extension of the Company\'s $10 million share repurchase program.

GUIDANCE:

Natural Grocers sees FY2018 EPS of $0.43-$0.50.

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