Consumers continuing to eat at home, weather disruptions impact store visits and basket size
As Natural Grocers by Vitamin Cottage’s second quarter ended on March 31, the last few weeks lapped the initial pantry surge at the beginning of the COVID-19 pandemic.
Consumers are still socially distancing and mostly eating at home, Chief Financial Officer Todd Dissinger said during an earnings call with analysts Thursday afternoon. One behavior that hasn't changed is consumers' shopping less frequently but buying more per trip.
For the second quarter, daily average comparable store sales dropped 7% from Q2 of fiscal 2020. In Q2 2020, comparable store sales were 17% higher than they were in 2019.