Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 128

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1B
Chunk 128
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	28.7

			Store expenses

			21.8

			22.3

			22.6

			Administrative expenses

			3.3

			3.1

			3.2

			Pre-opening expenses

			0.1

			0.1

			0.2

			Operating income

			4.7

			3.8

			2.8

			Interest expense, net

			(0.2
			)

			(0.3
			)

			(0.3
			)

			Income before income taxes

			4.4

			3.4

			2.5

			Provision for income taxes

			(0.9
			)

			(0.7
			)

			(0.4
			)

			Net income

			3.5
			%

			2.7

			2.0

			__________________________

			* Figures may not sum due to rounding.

			Other Operating Data (Unaudited):

			Number of stores at end of period

			169

			169

			165

			Store unit count increase period over period

			—
			%

			2.4

			0.6

			Change in daily average comparable store sales

			7.3
			%

			7.0

			3.6

			Number of new stores opened during the period

			2

			4

			3

			Number of stores relocated/remodeled during the period

			3

			4

			3

			Number of stores closed during the period

			2

			—

			2

			Gross square footage at end of period (1)

			2,735,774

			2,728,203

			2,676,607

			Selling square footage at end of period (1)

			1,776,373

			1,780,083

			1,745,701

(1) Gross square footage and selling square footage at the end of the period include the square footage for all stores that were open as of the end of the fiscal year presented.

46

Year