Company: NGVC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001437749-25-003026
Chunk: 7

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
ital

			Retained

			earnings

			Treasury

			stock

			stockholders’

			equity

			Balances September 30, 2023

			22,738,915

			$
			23

			$
			59,013

			$
			111,871

			$
			(66
			)
			 
			$
			170,841

			Net income

			—

			—

			—

			7,755

			—

			7,755

			Share-based compensation

			—

			—

			262

			—

			66

			328

			Issuance of common stock

			13,498

			—

			—

			—

			—

			—

			Adoption of accounting standard

			—

			—

			—

			(36
			)

			—

			(36
			)

			Cash dividends

			—

			—

			—

			(25,028
			
			)

			—

			(25,028
			)

			Balances December 31, 2023

			22,752,413

			$
			23

			$
			59,275

			$
			94,562

			$
			—

			$
			153,860

See accompanying notes to unaudited interim consolidated financial statements.

6

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Notes to Unaudited Interim Consolidated Financial Statements

December 31, 2024 and 2023

1. Organization

Nature of Business

Natural Grocers by Vitamin Cottage, Inc. (Natural Grocers or the holding company) and its consolidated subsidiaries (collectively, the Company) operate retail stores that specialize in natural and organic groceries, dietary supplements and body care products. The Company operated 167 and 169 stores as of December 31, 2024 and September 30, 2024, respectively, in 21 states. The Company also has a bulk food repackaging facility and distribution center in Golden, Colorado.

2. Basis of Presentation and Summary of Significant Accounting Policies

Consolidated Financial Statements

The accompanying unaudited consolidated financial statements of the Company have been prepared