Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 39

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 39
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, or $0.56 diluted earnings per share, for the three months ended March 31, 2025 compared to $8.0 million, or $0.35 diluted earnings per share, for the three months ended March 31, 2024.

Six months ended March 31, 2025 compared to the six months ended March 31, 2024

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

			Six months ended

			March 31,

			Change in

			2025

			2024

			Dollars

			Percent

			Statements of Income Data:

			Net sales

			$
			665,990

			609,842

			56,148

			9.2
			%

			Cost of goods sold and occupancy costs

			465,418

			430,725

			34,693

			8.1

			Gross profit

			200,572

			179,117

			21,455

			12.0

			Store expenses

			146,281

			137,216

			9,065

			6.6

			Administrative expenses

			22,537

			18,929

			3,608

			19.1

			Pre-opening expenses

			853

			908

			(55
			)

			(6.1
			)

			Operating income

			30,901

			22,064

			8,837

			40.1

			Interest expense, net

			(1,673
			)

			(2,071
			)

			398

			(19.2
			)

			Income before income taxes

			29,228

			19,993

			9,235

			46.2

			Provision for income taxes

			(6,189
			)

			(4,277
			)

			(1,912
			)

			44.7

			Net income

			$
			23,039

			15,716

			7,323

			46.6
			%

Net