Company: NGVC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001437749-25-003026
Chunk: 31

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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			Number of new stores opened during the period

			—

			2

			Number of stores relocated/remodeled during the period

			2

			1

			Number of stores closed during the period

			2

			—

			Twelve-month store unit growth rate

			—
			%

			1.2

			Change in daily average comparable store sales

			8.9
			%

			6.2

Three months ended December 31, 2024 compared to the three months ended December 31, 2023

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

			Three months ended

			December 31,

			Change in

			2024

			2023

			Dollars

			Percent

			Statements of Income Data:

			Net sales

			$
			330,221

			301,750

			28,471

			9.4
			%

			Cost of goods sold and occupancy costs

			231,397

			212,990

			18,407

			8.6

			Gross profit

			98,824

			88,760

			10,064

			11.3

			Store expenses

			73,526

			68,012

			5,514

			8.1

			Administrative expenses

			11,514

			9,407

			2,107

			22.4

			Pre-opening expenses

			436

			538

			(102
			)

			(19.0
			)

			Operating income

			13,348

			10,803

			2,545

			23.6

			Interest expense, net

			(923
			)

			(894
			)

			(29
			)

			3.2

			Income before income taxes

			12,425

			9,909

			2,516

			25.4

			Provision for income taxes

			(2,487
			)

			(2,154
			)

			(333