Company: NGVC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001437749-25-003026
Chunk: 82

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 stock that may yet be repurchased under the share repurchase program is $8.1 million. Potential future share repurchases under the share repurchase program could be funded by operating cash flow, excess cash balances or borrowings under our Credit Facility. The timing and the number of shares repurchased, if any, will be dictated by our capital needs and stock market conditions.

We paid a quarterly cash dividend of $0.12 per share of common stock in the three months ended December 31, 2024. On February 5, 2025, our Board approved the payment of a quarterly cash dividend of $0.12 per share of common stock to be paid on March 19, 2025 to stockholders of record as of the close of business on March 3, 2025.

We plan to continue to open new stores and relocate/remodel existing stores in the future, which may require us to borrow additional amounts under the Credit Facility from time to time. We believe that cash and cash equivalents, together with the cash generated from operations and the borrowing availability under our Credit Facility, will be sufficient to meet our working capital needs and planned capital expenditures, including capital expenditures related to new store needs, repayment of debt, stock repurchases and dividends for the next 12 months and the foreseeable future. Our working capital position benefits from the fact that we generally collect cash from sales to customers the same day or, in the case of credit or debit card transactions, within days from the related sale.

The following is a summary of our operating, investing and financing activities for the periods presented, dollars in thousands:

			Three months ended 

			December 31,

			2024

			2023

			Net cash provided by operating activities

			$
			2,682

			16,624

			Net cash used in investing activities

			(9,417
			)

			(11,807
			)

			Net cash provided by (used in) financing activities

			4,180

			(9,539
			)

			Net decrease in cash and cash equivalents

			(2,555
			)

			(4,722
			)

			Cash and cash equivalents, beginning of period

			8,871

			18,342

			Cash and cash equivalents, end of period

			$
			6,316

			13,620

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