Core Insights - Natural Grocers by Vitamin Cottage, Inc. reported strong first quarter results for fiscal 2025, with significant growth in sales and earnings, leading to an increased outlook for the fiscal year [2][13]. Financial Performance - Net sales increased by $28.5 million, or 9.4%, to $330.2 million compared to the first quarter of fiscal 2024, driven by a $26.7 million increase in comparable store sales and a $2.9 million increase in new store sales [3][6]. - Daily average comparable store sales rose by 8.9% in the first quarter, with a two-year growth of 15.1%, supported by a 5.3% increase in transaction count and a 3.4% increase in transaction size [3][6]. - Net income increased by 28.1% to $9.9 million, with diluted earnings per share of $0.43, compared to $7.8 million and $0.34 per share in the prior year [8][6]. Gross and Operating Margins - Gross profit increased by $10.1 million, or 11.3%, to $98.8 million, with a gross margin improvement of 50 basis points to 29.9% [4][6]. - Operating income rose by 23.6% to $13.3 million, with an operating margin of 4.0%, up from 3.6% in the previous year [8][6]. Expense Management - Store expenses increased by 8.1% to $73.5 million, primarily due to higher compensation expenses, but as a percentage of net sales, they decreased to 22.3% from 22.5% [5][6]. - Administrative expenses rose by 22.4% to $11.5 million, influenced by higher compensation and technology expenses, with administrative expenses as a percentage of net sales increasing to 3.5% from 3.1% [7][6]. Cash Flow and Capital Expenditures - The company generated $2.7 million in cash from operations and invested $9.4 million in net capital expenditures during the first quarter [10][6]. - As of December 31, 2024, the company had $6.3 million in cash and cash equivalents, with $8.9 million in outstanding borrowings on its revolving credit facility [10][6]. Growth Strategy - The company relocated two stores during the first quarter and ended with 167 stores across 21 states, with one new store opened since December 31, 2024 [12][6]. - The updated fiscal 2025 outlook includes expectations for daily average comparable store sales growth of 5.0% to 7.0% and diluted earnings per share of $1.57 to $1.65 [13][6]. Dividend Announcement - The company declared a quarterly cash dividend of $0.12 per common share, payable on March 19, 2025, to stockholders of record on March 3, 2025 [11][6].

Exhibit 99.1 Natural Grocers by Vitamin Cottage Announces First Quarter Fiscal 2025 Results Raises Fiscal 2025 Outlook Lakewood, Colorado, February 6, 2025. Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced results for its first quarter of fiscal 2025 ended December 31, 2024. Highlights for First Quarter Fiscal 2025 Compared to First Quarter Fiscal 2024 "We are very pleased with the strong start to our fiscal year 2025. Our first quarter results saw accelerating growth and a continuation ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NUMBER: 001-35608 Natural Grocers by Vitamin Cottage, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Join the celebration with giveaways, special savings, a sweepstakes, free samples and more!LAKEWOOD, Colo., Feb. 5, 2025 /PRNewswire/ -- Natural Grocers®, the leading family-operated organic and natural grocery retailer in the U.S., is thrilled to announce the opening of its newest store in Waco, TX, on Wednesday, February 19, 2025. Located at 601 N. Valley Mills Drive, Waco, TX 76710, this will be Natural Grocers' 25th store in Texas. Community members are invited to join the celebration with special givea ...

Snag up to 44% off party-pleasing essentials Feb. 6-9, 2025LAKEWOOD, Colo., Feb. 5, 2025 /PRNewswire/ -- Natural Grocers®, the nation's leading family-operated organic and natural grocery retailer, is gearing up for game day with unbeatable savings on all your must-have snacks and party essentials. Catch Natural Grocers 'Big Game Specials' Feb. 6-9, 2025. With up to 44% off Natural Grocers’ Always Affordable Prices, customers can win with big savings. And speaking of winning, one lucky customer will win ...

By staying true to its Five Founding Principles, Natural Grocers aims to create lasting, positive change. "At Natural Grocers, we see grocery stores as a vital link in the food chain — integral to the health of people and the planet," said Kemper Isely, co-president of Natural Grocers. "For nearly 70 years, Natural Grocers has been committed to driving change in how food is grown, raised and sold — and we remain as dedicated as ever. This year's sustainability report highlights our rigorous product standard ...

LAKEWOOD, Colo., Jan. 23, 2025 /PRNewswire/ -- Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) today announced that the Company will release its first quarter fiscal year 2025 financial results after the market close on Thursday, February 6, 2025. Following the release via the wire services, the Company will host a conference call with financial analysts and investors at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time). To participate in the conference call, dial 1-888-347-6606 (U.S.); 1-855-669-9657 ...

COMPATIBLE, COMPOSTABLE, & DOWNRIGHT DELICIOUSNatural Grocers' new coffee pods are compatible with most single-serve coffee makers. They're made with plant-based mesh filters and paper lids and are certified compostable at local industrial composting facilities.[i] The line is also packaged in 100% recycled paperboard boxes crafted with 30% post-consumer recycled materials. Additionally, the pods are Certified Organic and Certified Fair Trade, reflecting the company's dedication to responsible and ethical p ...

TASTE, QUALITY, FLAVOR & MORE All six styles of Natural Grocers Brand Organic Pasta begin with a single ingredient—organic durum wheat semolina, are Certified Organic, vegan, non-GMO and crafted with plant-based  and dairy-free ingredients. The new line of pasta sauces is Certified Organic, gluten-free, made without added sugar and non-GMO. Four flavors are also Demeter Certified Biodynamic—a   biodynamic farms and products standard which requires self-sustaining farming practices and 10% of the farm acreag ...

The GAP Fund is used to provide scholarship endowments to directly satisfy tuition debt of students attending Historically Black Colleges and Universities (HBCUs). Natural Grocers pledges to donate 1% of sales from its 167 stores, in honor of Martin Luther King Jr. Day to help students attending HBCUs achieve their goals.[i] Executive Director of Jack and Jill Foundation, Pier Blake states, "I am proud of our investment of $125,768 in 113 students that graduated in May 2024 - across five HBCUs, empowering t ...