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Natural Grocers’ Q3 success comes with a hidden downside
['Supermarket News Staff']
supermarketnews
Daily average comparable-store sales increased 1.2%, accelerating from 0.5% growth during the second quarter.
Comparable-store sales were up 8.6% on a two-year basis.
The retailer narrowed several parts of its full-year outlook, including its expectations for new stores and comparable-store sales.
The company also narrowed its comparable-store sales growth forecast to between 1.5% and 2%, compared with its previous projection of 1.5% to 2.5%.
Daily average comparable-store sales increased 1.1%.