Natural Grocers by Vitamin Cottage Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to 24 cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.
EPS rose 35.1% year over year from 18 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $5.4 million, a gain of 35.2% from $4.0 million in the prior-year period.
The normalized profit margin climbed to 3.4% from 3.1% in the year-earlier period.
Total revenue rose 21.0% year over year to $157.7 million from $130.3 million, and total operating expenses climbed 20.4% year over year to $148.4 million from $123.2 million.
Reported net income increased 33.4% from the prior-year period to $5.4 million, or 24 cents per share, from $4.0 million, or 18 cents per share.
