<span item_type="fundamental" item_id="60f63039d6cca5215faf624999bb52f4" counter_id="ST/US/NGVC" env="prod"></span><span item_type="announcement" item_id="513928111761656065" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 335.77 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD 0.56.</p><p>EBIT: As of FY2025 Q2, the actual value is USD 25.44 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Net Sales</strong>: $335.8 million for the three months ended March 31, 2025, an increase of $27.7 million, or 9.0%, compared to $308.1 million for the same period in 2024. Net sales were $666.0 million for the six months ended March 31, 2025, an increase of $56.1 million, or 9.2%, compared to $609.8 million for the six months ended March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: $13.1 million for the three months ended March 31, 2025, an increase of $5.1 million, or 64.6%, compared to $8.0 million for the same period in 2024. Net income was $23.0 million for the six months ended March 31, 2025, an increase of $7.3 million, or 46.6%, compared to $15.7 million for the six months ended March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li><li><strong>Gross Profit</strong>: $101.7 million for the three months ended March 31, 2025, an increase of $11.4 million, or 12.6%, compared to $90.4 million for the same period in 2024. Gross profit was $200.6 million for the six months ended March 31, 2025, an increase of $21.5 million, or 12.0%, compared to $179.1 million for the six months ended March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li><li><strong>Operating Income</strong>: $17.6 million for the three months ended March 31, 2025, an increase of $6.3 million, or 55.9%, compared to $11.3 million for the same period in 2024. Operating income was $30.9 million for the six months ended March 31, 2025, an increase of $8.8 million, or 40.1%, compared to $22.1 million for the six months ended March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by Operating Activities</strong>: $36.7 million for the six months ended March 31, 2025, compared to $36.8 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: $15.9 million for the six months ended March 31, 2025, compared to $22.5 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li><li><strong>Net Cash Used in Financing Activities</strong>: $8.5 million for the six months ended March 31, 2025, compared to $21.7 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>EBITDA</strong>: $25.4 million for the three months ended March 31, 2025, an increase of $6.5 million, or 34.2%, compared to $19.0 million for the same period in 2024. EBITDA was $46.7 million for the six months ended March 31, 2025, an increase of $9.5 million, or 25.6%, compared to $37.2 million for the six months ended March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li><li><strong>Adjusted EBITDA</strong>: $26.3 million for the three months ended March 31, 2025, an increase of $6.6 million, or 33.3%, compared to $19.7 million for the same period in 2024. Adjusted EBITDA was $49.1 million for the six months ended March 31, 2025, an increase of $10.6 million, or 27.6%, compared to $38.5 million for the six months ended March 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to open three to four new stores and relocate/remodel two to four existing stores in fiscal year 2025. The company believes there are opportunities for increased leverage of costs and increased economies of scale in sourcing products.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company is evaluating the impact of new accounting pronouncements on its financial statements and expects to adopt new segment disclosure requirements for its single reportable segment.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li></ul><h3>Priority</h3><ul><li>The company emphasizes strategies with concrete projections, such as store openings and relocations, and expects the rate of new store unit growth to be dependent upon economic and business conditions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547459/000143774925015486/ngvc20250331_10q.htm"></span></li></ul>

Natural Grocers by Vitamin Cottage | 10-Q: FY2025 Q2 Revenue: USD 335.77 M