Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 39

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 39
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 ended

			June 30,

			Change in

			2025

			2024

			Dollars

			Percent

			Statements of Income Data:

			Net sales

			$
			994,695

			918,924

			75,771

			8.2
			%

			Cost of goods sold and occupancy costs

			695,844

			649,476

			46,368

			7.1

			Gross profit

			298,851

			269,448

			29,403

			10.9

			Store expenses

			218,000

			204,791

			13,209

			6.4

			Administrative expenses

			33,486

			28,474

			5,012

			17.6

			Pre-opening expenses

			877

			1,272

			(395
			)

			(31.1
			)

			Operating income

			46,488

			34,911

			11,577

			33.2

			Interest expense, net

			(2,367
			)

			(3,123
			)

			756

			(24.2
			)

			Income before income taxes

			44,121

			31,788

			12,333

			38.8

			Provision for income taxes

			(9,477
			)

			(6,863
			)

			(2,614
			)

			38.1

			Net income

			$
			34,644

			24,925

			9,719

			39.0
			%

Net sales

Net sales increased $75.8 million, or 8.2%, to $994.7 million for the nine months ended June 30, 2025 compared to $918.9 million for the nine months ended June 30, 2024, due to a $72.8 million increase in comparable store sales and a $9.8 million increase in new store sales, partially offset by a $6.8 million decrease in net sales related to closed stores. Daily average