Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 55

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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			303,891

			317,092

			Total liabilities

			471,615

			481,222

			Commitments (Notes 7 and 14)

			Stockholders’ equity:

			Common stock, $0.001 par value, 50,000,000 shares authorized, 22,946,126 and 22,888,540 shares issued and outstanding at March 31, 2025 and September 30, 2024, respectively

			23

			23

			Additional paid-in capital

			61,509

			60,327

			Retained earnings

			131,443

			113,904

			Total stockholders’ equity

			192,975

			174,254

			Total liabilities and stockholders’ equity

			$
			664,590

			655,476

See accompanying notes to unaudited interim consolidated financial statements.

4

Table of Contents

NATURAL GROCERS BY VITAMIN COTTAGE, INC.

Consolidated Statements of Income

(Unaudited)

(Dollars in thousands, except per share data)

			Three months ended
			March 31,

			Six months ended
			March 31,

			2025

			2024

			2025

			2024

			Net sales

			$
			335,769

			308,092

			665,990

			609,842

			Cost of goods sold and occupancy costs

			234,021

			217,735

			465,418

			430,725

			Gross profit

			101,748

			90,357

			200,572

			179,117

			Store expenses

			72,755

			69,204

			146,281

			137,216

			Administrative expenses

			11,023

			9,522

			22,537

			18,929

			Pre-opening expenses

			417

			370

			853

			908

			Operating income

			17,553

			11,261

			30,901

			22,064

			Interest expense, net

			(750