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![Natural Grocers by Vitamin Cottage, Inc. [NGVC] reports $23.2M profit for year ended Sep 30, 2023](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FNGVC.png&w=1200&q=75)
Natural Grocers by Vitamin Cottage, Inc. [NGVC] has reported $23.2M profit for year ended Sep 30, 2023.
The LAKEWOOD, Colorado based company recorded net profit of $23.2M on operating income of $31.7M. Earnings per share rose to $1.0.
In the 12 months ended September 30, 2023, the company reported net sales of $1.14 billion, compared to $1.09 billion in the same period of the previous year, indicating an increase in revenue. The cost of goods sold and occupancy costs for the current reporting period was $813.6 million, while it was $784.7 million in the previous year, displaying an increase in expenses. The company's net income for the current reporting period was $23.2 million, a rise from $21.4 million in the same period last year. The earnings per share for both basic and diluted shares remained unchanged at $1.02 for the current year and the previous year.
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