Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 813

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1
Chunk 813
---
 Form 10-K to enhance the readability and accessibility of our risk factor disclosures. We encourage our stockholders to carefully review the full risk factors contained in this Form 10-K in their entirety for additional information regarding the risks and uncertainties that could cause our actual results to vary materially from recent results or from our anticipated future results.

Risks related to our business and operations

			●

			We may not be successful in our efforts to grow profitably and our growth and financial performance may fluctuate;

			●

			If we are unable to successfully identify market trends and react, our sales may decrease;

			●

			Adverse economic conditions (including inflation and disinflation), pandemics and political instability could adversely affect our business;

			●

			An inability to compete, maintain or increase our operating margins, or maintain traffic in our stores could adversely affect our results of operations;

			●

			Product recalls, withdrawals or seizures could reduce our sales;

			●

			Our future business, results of operations and financial condition may be adversely affected by reduced availability of certified organic products, products that meet our other internal standards, or issues related to our suppliers;

			●

			Adverse weather conditions, natural disasters and the effects of climate change could disrupt our supply chain and adversely impact our sales and financial performance;

			●

			Acts of violence at or threatened against our stores or the shopping centers where they are located could materially adversely affect our financial performance;

17

			●

			The current geographic concentration of our stores creates exposure to local economies, regional downturns, severe weather and other catastrophic occurrences;

			●

			If we fail to maintain our reputation and the value of our brand, or fail to retain or attract key personnel, our sales may decline;

			●

			Perishable food product losses or interruptions to our bulk food repackaging facility could materially impact our results of operations;

			●

			Higher wage and benefit costs or union activity among our Crew members or third parties could adversely affect our business;

			●

			Future events could result in impairment of long-lived assets, which may result in charges that adversely affect our results of operations and capitalization;

			●

			Our significant lease obligations may adversely affect our liquidity;

			●

			Any material disruption to, failure of, or cyber-attacks against our information systems or those of third parties, such as our suppliers and payment