Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 36

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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	(0.4
			)

			(0.3
			)

			(0.3
			)

			Income before income taxes

			5.0

			3.3

			4.4

			3.3

			Provision for income taxes

			(1.1
			)

			(0.7
			)

			(0.9
			)

			(0.7
			)

			Net income

			3.9
			%

			2.6

			3.5

			2.6

			*Figures may not sum due to rounding.

			Other Operating Data:

			Number of stores at end of period

			169

			168

			169

			168

			Number of new stores opened during the period

			2

			1

			2

			3

			Number of stores relocated/remodeled during the period

			—

			—

			2

			1

			Number of stores closed during the period

			—

			—

			2

			—

			Twelve-month store unit growth rate

			0.6
			%

			1.2

			0.6

			1.2

			Change in daily average comparable store sales

			8.9
			%

			7.5

			8.9

			6.9

22

Three months ended March 31, 2025 compared to the three months ended March 31, 2024

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

			Three months ended

			March 31,

			Change in

			2025

			2024

			Dollars

			Percent

			Statements of Income Data:

			Net sales

			$
			335,769

			308,092

			27,677

			9.0
			%

			Cost of goods sold and occupancy costs

			234,021

			217,735

			16,286

			7.5

			Gross profit

			101,748

			90,357