Strong Sales Growth
Net sales increased 9.4% from the prior year period to $330.2 million. Daily average comparable store sales increased 8.9% and 15.1% on a two-year basis.
Earnings Per Share Improvement
Diluted earnings per share increased 26.5% to $0.43 in the first quarter.
Customer Loyalty Programs
NPower Rewards program net sales penetration was 81%, up from 78% a year ago, reflecting continued positive trends in customer loyalty and engagement.
New Product Launches
Introduced 23 new Natural Grocers brand items, contributing to branded products accounting for 8.9% of total sales, up from 8.5% a year ago.
Financial Guidance Increase
Revised fiscal 2025 outlook for daily average comparable store sales growth to 5-7% and diluted earnings per share to $1.57-$1.65, up from previous estimates.
Store Expansion Plans
Plans to open four to six new stores and relocate or remodel two to four stores in fiscal 2025.