Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 36

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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168

			Number of new stores opened during the period

			—

			—

			2

			3

			Number of stores relocated/remodeled during the period

			—

			3

			2

			4

			Number of stores closed during the period

			—

			—

			2

			—

			Twelve-month store unit growth rate

			0.6
			%

			2.4

			0.6

			2.4

			Change in daily average comparable store sales

			7.4
			%

			7.2

			8.4

			7.0

22

Three months ended June 30, 2025 compared to the three months ended June 30, 2024

The following table summarizes our results of operations and other operating data for the periods presented, dollars in thousands:

			Three months ended

			June 30,

			Change in

			2025

			2024

			Dollars

			Percent

			Statements of Income Data:

			Net sales

			$
			328,705

			309,082

			19,623

			6.3
			%

			Cost of goods sold and occupancy costs

			230,426

			218,751

			11,675

			5.3

			Gross profit

			98,279

			90,331

			7,948

			8.8

			Store expenses

			71,719

			67,575

			4,144

			6.1

			Administrative expenses

			10,949

			9,545

			1,404

			14.7

			Pre-opening expenses

			24

			364

			(340
			)

			(93.4
			)

			Operating income

			15,587

			12,847

			2,740

			21.3

			Interest expense, net

			(694
			)

			(1,052
			)

			358

			(34.0
			)

			Income before income taxes

			14,893