Every 10-Q that NATURAL GROCERS BY VITAMIN COTTAGE, INC (NGVC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NGVC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NGVC filings page.
Natural Grocers by Vitamin Cottage, Inc. reported net sales of $334.7 million for the quarter and $1,007.7 million for the nine months ended June 30 2026. Quarterly net income was $11.1 million ($0.48 diluted EPS), with year‑to‑date net income of $35.8 million ($1.54 diluted EPS).
Daily average comparable store sales increased 1.2% in the quarter and 1.1% year‑to‑date, driven by higher transaction size and lower transaction counts. Gross margin declined to 29.3% in the quarter and 29.7% year‑to‑date, reflecting lower product margin from sales mix and higher shrink and freight costs, partly offset by expense control and a $2.0 million business interruption insurance recovery.
Operating cash flow rose to $55.1 million, funding $40.3 million of capital spending, including new stores, remodels and an office building for a future headquarters. The company ended the period with $17.5 million in cash, no revolver borrowings, $67.3 million of availability under its $70.0 million credit facility, 172 stores in 22 states, and continued quarterly dividends of $0.15 per share.
Natural Grocers by Vitamin Cottage, Inc. delivered modest growth for the quarter ended March 31, 2026. Net sales were $337.4 million, up 0.5% from a year earlier, as daily average comparable store sales grew 0.5% on a 1.6% larger average ticket, partly offset by a 1.1% decline in transaction count.
Gross profit rose to $102.4 million and gross margin edged up to 30.4% from 30.3%, helped by lower occupancy costs as a percentage of sales. Store expenses decreased 1.6% to $71.6 million, while administrative expenses increased 10.0% to $12.1 million, mainly from higher technology spending.
Operating income was $18.1 million and net income reached $13.4 million, or $0.58 diluted EPS, compared with $13.1 million and $0.56 a year ago. For the first six months, net sales were $673.0 million and net income was $24.8 million, or $1.07 diluted EPS, with EBITDA and Adjusted EBITDA both improving.
The company generated $43.8 million of operating cash flow in the first half, spent $30.3 million on capital investments, and ended the period with $20.7 million in cash and no borrowings on its $70.0 million credit facility. It assumed $1.5 million of Co‑PACE Financing tied to a future corporate headquarters, maintained 169 stores, continued a $0.15 per‑share quarterly dividend, and extended its share repurchase program.
Natural Grocers by Vitamin Cottage, Inc. reported modest growth for the quarter ended December 31, 2025. Net sales were $335.6 million, up 1.6% year over year, driven by a 1.7% increase in daily average comparable store sales, with both transaction counts and ticket size improving.
Gross profit held essentially flat at $98.9 million, while gross margin slipped to 29.5% from 29.9% due to lower product margin and higher inventory shrink. Tighter cost control helped operating income rise 9.7% to $14.6 million, and net income increased to $11.3 million, or $0.49 per diluted share, from $9.9 million, or $0.43 per diluted share.
Cash flow from operations strengthened significantly to $21.1 million, and cash and cash equivalents reached $23.2 million with no borrowings outstanding on the $70.0 million revolving credit facility. The company operated 168 stores at quarter end, paid a $0.15 per share dividend, and the board approved another $0.15 dividend payable in March 2026.