Natural Grocers jumps after strong Q4, dividend raise

Natural Grocers by Vitamin Cottage

19/11/2021 17:35

** Shares of grocer  NGVC.N  rise as much as 15.4% to $14.5,
highest in 6-1/2 months after Q4 revenue, profit jump
    ** Stock last up 9.6%, on course for best day since November
2020
    ** Co says Q4 revenue rose 3.2% to $272.6 mln and earnings
doubled to 32 cents per share  urn:newsml:reuters.com:*:nPn5lHZq9a
    ** CFO Todd Dissinger attributes strong results to rising
demand for nutrition and dietary supplements as people turned to
healthy living during the pandemic
    ** Co's board increases quarterly cash dividend by 43% to 10
cents per share
    ** NGVC also forecasts fiscal 2022 per-share earnings of
between 75 cents and 87 cents vs 91 cents in fiscal 2021
    ** Natural Grocers expects to open 4 to 6 stores in fiscal
2022, and then return to opening between 6 and 8 new stores per
year
    ** Stock up ~58% this year

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com))