Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 864

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1
Chunk 864
---
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 ended September 30, 2025 compared to Year ended September 30, 2024

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

			Year ended September 30,

			Change in

			2025

			2024

			Dollars

			Percent

			Statements of Income Data:

			Net sales

			$
			1,330,836

			1,241,585

			89,251

			7.2
			%

			Cost of goods sold and occupancy costs

			932,959

			876,775

			56,184

			6.4

			Gross profit

			397,877

			364,810

			33,067

			9.1

			Store expenses

			290,491

			277,396

			13,095

			4.7

			Administrative expenses

			44,353

			38,715

			5,638

			14.6

			Pre-opening expenses

			1,043

			1,722

			(679
			)

			(39.4
			)

			Operating income

			61,990

			46,977

			15,013

			32.0

			Interest expense, net

			(3,063
			)

			(4,176
			)

			1,113

			(26.7
			)

			Income before income taxes

			58,927

			42,801

			16,126

			37.7

			Provision for income taxes

			(12,483
			)

			(8,866
			)

			(3,617
			)

			40.8

			Net income

			$
			46