---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-027081"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2021-11-18T23:59:59+00:00"
generated_at: "2026-06-28T06:58:40.521229+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Natural Grocers Q4 EPS $0.32, up 100% YoY; dividend raised 43% to $0.10

## Summary
- Q4 net sales $272.6M (+3.2% YoY); daily comparable store sales +2.5%; two-year stacked +15.7%.
- Net income $7.2M (+93.3%); diluted EPS $0.32 vs $0.16; Adjusted EBITDA $17.8M.
- Full year FY2021 net sales $1.1B record; diluted EPS $0.91 vs $0.89; 18th straight year of positive comps.
- Board declares $0.10/share quarterly dividend, a 43% increase from prior $0.07 dividend.
- Provided fiscal 2022 outlook; no specific guidance numbers included in release.

## SEC filing metadata
- accession: 0001437749-21-027081
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2021-11-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1547459/000143774921027081/0001437749-21-027081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774921027081/ngvc20211116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-027081
- JSON: https://secwatch.observer/filing/0001437749-21-027081.json
- Plain text: https://secwatch.observer/filing/0001437749-21-027081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.