Natural Grocers by Vitamin Cottage rises following Q3 profit beat

Natural Grocers by Vitamin Cottage

02/08/2019 16:07

** Organic food retailer's shares  NGVC.N  surge 22.7% to
$11.17 after Q3 profit tops estimates, aided by a 2.4% rise in
comp store sales
    ** Stock among top pct gainers across Nasdaq-listed stocks
    ** Co, however, says gross margin for Q2 was 26% of sales
vs. 26.7% of sales in year-ago quarter  urn:newsml:reuters.com:*:nPn3mJNgQa
    ** Beats EPS estimates for the past six quarters
    ** Raises the midpoint of EPS forecast, but narrows daily
average comparable store sales guidance for 2019
    ** Shares down 25 pct this year



 (Reporting by Karina Dsouza in Bengaluru)
 ((Karina.Dsouza@thomsonreuters.com))