Natural Grocers by Vitamin Cottage (NGVC) Company Report

Natural Grocers reported Q1 fiscal year 2026 net sales of $335.6 million, a 1.6% increase from the prior year, with daily average comparable store sales growing 1.7% and diluted earnings per share increasing 14% to $0.49.
The company affirmed its fiscal year 2026 outlook, projecting daily average comparable store sales growth between 1.5% and 4% and diluted earnings per share between $2 and $2.15. They plan to open six to eight new stores and anticipate an investment of approximately $0.12 of diluted EPS in new store openings.
Operational highlights include the {N}power rewards program's net sales penetration increasing 2 percentage points to 83% and private label products accounting for 9.6% of total sales. However, gross margin decreased 40 basis points to 29.5%, primarily due to higher inventory shrink, partly from isolated events and cycling low shrink from the prior year, amidst observations of cautious consumer spending.

1 day ago

Transcript

Natural Grocers by Vitamin Cottage Announces Q1 Fiscal 2026 Results

NGVC

Earnings

Guidance Update

Dividends

Natural Grocers by Vitamin Cottage reported a 1.6% increase in net sales to $335.6 million and a 1.7% rise in daily average comparable store sales for the first quarter of fiscal 2026, ended December 31, 2025.
Net income for the quarter increased 14.0% to $11.3 million, with diluted earnings per share of $0.49.
Adjusted EBITDA grew 3.1% to $23.5 million.
The company affirmed its fiscal 2026 outlook, maintaining diluted earnings per share guidance of $2.00 to $2.15.
A quarterly cash dividend of $0.15 per common share was declared, payable on March 18, 2026.

1 day ago

Press Release

Natural Grocers by Vitamin Cottage Announces First Quarter Fiscal 2026 Results

NGVC

Earnings

Guidance Update

Dividends

For the first quarter of fiscal 2026, net sales increased 1.6% to $335.6 million, and daily average comparable store sales increased 1.7%.
Net income grew 14.0% to $11.3 million, with diluted earnings per share of $0.49, while Adjusted EBITDA increased 3.1% to $23.5 million.
As of December 31, 2025, the company held $23.2 million in cash and cash equivalents and had no outstanding borrowings on its revolving credit facility.
The company affirmed its fiscal 2026 outlook, projecting diluted earnings per share between $2.00 and $2.15 and daily average comparable store sales growth of 1.5% to 4.0%. A quarterly cash dividend of $0.15 per common share was also declared.

1 day ago

8-K

Natural Grocers Reports Q1 2026 Results and Affirms FY 2026 Outlook

NGVC

Earnings

Guidance Update

Share Buyback

Natural Grocers reported $336 million in Net Sales for Q1 2026, a 1.6% growth, with diluted EPS increasing 14.0% to $0.49. The company also declared a quarterly dividend of $0.15 per common share payable in March 2026.
For the trailing 12 months ended December 31, 2025, Net Sales reached $1.34 billion with 5.2% growth, and Adjusted EBITDA was $98.6 million, representing a 7.4% margin.
The company operates 168 stores across 21 states as of December 31, 2025. For fiscal year 2026, Natural Grocers plans to open 6 to 8 new stores and targets 4-5% annual new store unit growth for FY26+.
Natural Grocers affirmed its fiscal 2026 outlook, projecting diluted earnings per share between $2.00 and $2.15 and daily average comparable store sales growth of 1.5% to 4.0%.
As of December 31, 2025, the company reported $23.2 million in cash and $67.6 million available on its revolving credit facility, with $8.1 million remaining in its $10.0 million share repurchase program.

2 days ago

Presentation

Natural Grocers by Vitamin Cottage Reports Record Fiscal Year 2025 Results and Increases Dividend

NGVC

Earnings

Guidance Update

Dividends

Natural Grocers by Vitamin Cottage (NGVC) reported Q4 2025 net sales of $336.1 million, an increase of 4.2% from the prior year, with diluted earnings per share of $0.51. Daily average comparable store sales increased 4.2%.
For fiscal year 2025, the company achieved record total revenue of $1.33 billion (up 7.2%) and record diluted earnings per share of $2.00 (up 36.1% from FY 2024).
NGVC announced a 25% increase in its quarterly cash dividend to $0.15 per common share.
For fiscal year 2026, the company expects to open six to eight new stores, achieve daily average comparable store sales growth between 1.5% and 4%, and diluted earnings per share between $2 and $2.15.

Nov 20, 2025, 9:30 PM

Transcript

Natural Grocers by Vitamin Cottage Reports Record FY2025 Results and Provides FY2026 Guidance

NGVC

Earnings

Guidance Update

Dividends

Natural Grocers by Vitamin Cottage (NGVC) achieved a record fiscal year 2025, with total revenue increasing 7.2% to $1.33 billion and diluted earnings per share (EPS) reaching $2.00, a 36.1% increase from the prior year.
For the fourth quarter of fiscal year 2025, net sales grew 4.2% to $336.1 million, driven by a 4.2% increase in daily average comparable store sales, and diluted EPS was $0.51.
The company is projecting fiscal year 2026 diluted EPS between $2.00 and $2.15 and daily average comparable store sales growth between 1.5% and 4%. NGVC plans to open six to eight new stores and expects positive free cash flow with capital expenditures of $50-$55 million.
Reflecting strong performance and confidence in future value creation, NGVC is increasing its quarterly cash dividend by 25% to $0.15 per common share.

Nov 20, 2025, 9:30 PM

Transcript

Natural Grocers by Vitamin Cottage Reports Strong Q4 and Record FY 2025 Results, Raises Dividend, and Provides FY 2026 Guidance

NGVC

Earnings

Guidance Update

Dividends

Natural Grocers by Vitamin Cottage (NGVC) reported strong fourth quarter 2025 performance with diluted earnings per share of $0.51 and achieved a record $2.00 diluted earnings per share for fiscal year 2025, marking its 22nd consecutive year of positive comparable store sales growth.
For Q4 2025, net sales increased 4.2% to $336.1 million, with daily average comparable store sales up 4.2%; fiscal year 2025 total revenue increased 7.2% to $1.33 billion.
The company announced a 25% increase in its quarterly cash dividend to $0.15 per common share.
NGVC provided fiscal year 2026 guidance, expecting diluted earnings per share between $2.00 and $2.15, daily average comparable store sales growth between 1.5% and 4%, and plans to open six to eight new stores.
Management noted a moderation in Q4 sales comps due to a cybersecurity incident and a shift in consumer spending, but emphasized the resilience of health and wellness prioritization and the value of their "always affordable prices".

Nov 20, 2025, 9:30 PM

Transcript

Natural Grocers by Vitamin Cottage Declares Quarterly Dividend

NGVC

Dividends

Natural Grocers by Vitamin Cottage, Inc. (NGVC) has declared a quarterly cash dividend of $0.15 per common share.
This dividend represents a 25% increase.
The dividend will be paid on December 10, 2025, to stockholders of record at the close of business on December 1, 2025.

Nov 20, 2025, 9:11 PM

Press Release

Natural Grocers by Vitamin Cottage Announces Record Fiscal 2025 Results and Dividend Increase

NGVC

Earnings

Dividends

Guidance Update

Natural Grocers by Vitamin Cottage (NGVC) reported record full-year fiscal 2025 net sales of $1.33 billion, a 7.2% increase, and diluted earnings per share of $2.00, up 36.9% compared to fiscal 2024.
For the fourth quarter of fiscal 2025, net sales grew 4.2% to $336.1 million and diluted earnings per share increased 31.0% to $0.51.
The company announced a 25% increase in its quarterly cash dividend to $0.15 per common share.
For fiscal 2026, NGVC expects to open 6 to 8 new stores and projects diluted earnings per share of $2.00 to $2.15.

Nov 20, 2025, 9:10 PM

Press Release

Natural Grocers by Vitamin Cottage Announces Record Fiscal 2025 Results and Increases Dividend

NGVC

Earnings

Dividends

Guidance Update

Natural Grocers by Vitamin Cottage, Inc. reported record full year sales and earnings for fiscal year 2025, with net sales increasing 7.2% to $1.33 billion and diluted earnings per share reaching $2.00.
For the fourth quarter of fiscal 2025, net sales increased 4.2% to $336.1 million, and diluted earnings per share was $0.51.
The company announced a 25% increase in its quarterly cash dividend to $0.15 per common share, payable on December 10, 2025.
For fiscal year 2026, Natural Grocers by Vitamin Cottage, Inc. provided an outlook including diluted earnings per share of $2.00 to $2.15 and daily average comparable store sales growth of 1.5% to 4.0%.