Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 50

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 50
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	Year ended September 30,

			2025

			2024

			2023

			Statements of Income Data: *

			Net sales

			100.0
			%

			100.0

			100.0

			Cost of goods sold and occupancy costs

			70.1

			70.6

			71.3

			Gross profit

			29.9

			29.4

			28.7

			Store expenses

			21.8

			22.3

			22.6

			Administrative expenses

			3.3

			3.1

			3.2

			Pre-opening expenses

			0.1

			0.1

			0.2

			Operating income

			4.7

			3.8

			2.8

			Interest expense, net

			(0.2
			)

			(0.3
			)

			(0.3
			)

			Income before income taxes

			4.4

			3.4

			2.5

			Provision for income taxes

			(0.9
			)

			(0.7
			)

			(0.4
			)

			Net income

			3.5
			%

			2.7

			2.0

			__________________________

			* Figures may not sum due to rounding.

			Other Operating Data (Unaudited):

			Number of stores at end of period

			169

			169

			165

			Store unit count increase period over period

			—
			%

			2.4

			0.6

			Change in daily average comparable store sales

			7.3
			%

			7.0

			3.6

			Number of new stores opened during the period

			2

			4

			3

			Number of stores relocated/remodeled during the period

			3

			4

			3

			Number of stores closed during the period

			2

			—

			2

			Gross square footage at end of period