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Natural Grocers net income climbs; plans six new stores
Lakewood, Colo. – Net income climbed 24.3% at Natural Grocers by Vitamin Cottage Inc. in the second quarter of fiscal 2014, rising to $4 million from $3.21 million in the same quarter the prior fiscal year. For the remainder of the current fiscal year, Natural Grocers plans to open six new stores and remodel one.
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Natural Grocers ‘strong’ in second quarter
Sales from new stores as well as a nearly 7% same-store sales increase bolstered Natural Grocers by Vitamin Cottage’s second quarter ended March 31.
Net sales increased 22.4% to $130.3 million over the same period in fiscal year 2013 due to a $16.6 million increase in sales from new stores and a 6.9%, increase in comparable store sales.