Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 13

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 13
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 historical redemption rates experienced within the rewards program. Rewards points are forfeited at the end of each calendar year.

The following table disaggregates the Company’s revenue by product category for the three and nine months ended June 30, 2025 and 2024, dollars in thousands and as a percentage of net sales:

			Three months ended

			June 30,

			Nine months ended

			June 30,

			2025

			2024

			2025

			2024

			Grocery

			$
			235,286

			72
			
			%

			219,040

			71

			710,432

			71

			648,295

			70

			Dietary supplements

			61,988

			19

			59,966

			19

			189,718

			19

			181,890

			20

			Body care, pet care and other

			31,431

			9

			30,076

			10

			94,545

			10

			88,739

			10

			$
			328,705

			100
			
			%

			309,082

			100

			994,695

			100

			918,924

			100

4. Earnings Per Share

Basic earnings per share (EPS) is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed using the treasury stock method and reflects the potential dilution that could occur if the Company’s granted but unvested restricted stock units (RSUs) were to vest, resulting in the issuance of common stock that would then share in the earnings of the Company.

The following table presents the Company’s basic and diluted EPS for the three and nine months ended June 30, 2025 and 2024, dollars in thousands, except per share data:

			Three months ended
			June 30,

			Nine months ended
			June 30,

			2025

			2024

			2025

			2024

			Net income

			$
			11,605

			9,209

			34,644

			24,925

			Weight