Natural Grocers by Vitamin Cottage Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was 16 cents per share, compared with the S&P Capital IQ consensus estimate of 14 cents per share.
EPS climbed 20.7% year over year from 13 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.6 million, an increase of 20.8% from $3.0 million in the prior-year period.
The normalized profit margin declined to 2.4% from 2.4% in the year-earlier period.
Total revenue climbed 21.0% year over year to $145.9 million from $120.6 million, and total operating expenses climbed 21.1% on an annual basis to $139.4 million from $115.2 million.
Reported net income grew 23.2% from the prior-year period to $3.6 million, or 16 cents per share, from $2.9 million, or 13 cents per share.
