Natural Grocers by Vitamin Cottage

Q3 FY2026 EarningsQ3 FY26 results missed consensus estimates across key financial metrics. Net sales of $334.7M came in below the $347.2M expectation, while diluted EPS of $0.48 missed the $0.52 consensus by 7.7%. Gross margin faced significant pressure, falling to 29.3% vs. the 30.0% expected, primarily due to unfavorable sales mix and higher shrink. Despite store expense efficiencies, a $2.0M insurance recovery gain was insufficient to offset product margin headwinds, leading to a refined full-year FY26 EPS guidance of $2.07–$2.11, down slightly from the prior upper range of $2.15.