Natural Grocers (NYSE: NGVC) reported Q4 EPS of $0.16, versus $0.06 reported last year. Revenue for the quarter came in at $264.2 million versus the consensus estimate of $277.52 million.

Highlights for Fourth Quarter Fiscal 2020 Compared to Fourth Quarter Fiscal 2019

• Net sales increased 16.3% to $264.2 million;
• Daily average comparable store sales increased 13.2%;
• Operating income increased 78.7% to $5.0 million;
• Net income increased 174.2% to $3.7 million with diluted earnings per share of $0.16;
• Adjusted EBITDA increased 28.1% to $13.3 million;
• Opened no new stores and relocated one store, resulting in a 3.9% new store growth rate for the twelve-month period ended September 30, 2020; and
• The Board of Directors has declared a special cash dividend of $2.00 per common share and a quarterly cash dividend of $0.07 per common share.

"Fourth quarter results continue to reflect strong sales and profitability trends, with daily average comparable store sales increasing 13.2%, net sales increasing 16.3% and net income increasing 174.2%, compared to the same period in fiscal 2019. Our proactive and effective response to serving our valued customers amidst the COVID-19 pandemic and related government mandates has leveraged our strong customer loyalty, which is reflected in our results. Our focus continues to be on safely providing the highest quality, healthy foods at Always Affordable Prices," said Kemper Isely, Co-President. "Our good4u Crew members' commitment to our founding principles has been the driving force behind our ongoing success. As we continue to navigate this evolving environment, we are guided by our core principles and are focused on the well-being of our crew members and customers. We are extremely thankful for each of our crew members' dedication to the communities we serve."

Isely continued "We are also proud to announce today that our Board of Directors has declared a special cash dividend of $2.00 per common share in addition to our quarterly cash dividend of $0.07 per share, reflecting our strong cash flow, financial position and confidence in our business outlook. We are committed to driving value for our valued and loyal shareholders."

GUIDANCE:

Natural Grocers sees FY2021 EPS of $0.60-$0.70, versus the consensus of $0.68.

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