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Natural Grocers by Vitamin Cottage Announces First Quarter Fiscal 2017 Results
February 2, 2017 4:10 PM ESTLAKEWOOD, Colo., Feb. 2, 2017 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its first quarter of fiscal 2017 and confirmed its outlook for fiscal 2017.
Highlights for First Quarter Fiscal 2017 Compared to First Quarter Fiscal 2016
Net sales increased 9.4% to $183.6 million; Comparable store sales decreased 0.6%; Net income decreased 45.0% to $2.1 million, with diluted earnings per share of $0.09; EBITDA decreased 11.4% to $11.3 million; and Five new stores opened in the first... More