---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-002375"
form_type: "8-K"
ticker: "NGVC"
cik: "0001547459"
company_name: "Natural Grocers by Vitamin Cottage, Inc."
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T11:41:24.074951+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Natural Grocers Q1 fiscal 2022 net sales up 4.6% to $277.3M; diluted EPS $0.39 vs $0.16

## Summary
- Net sales $277.3M (+4.6% YoY); daily average comp store sales +3.8% (+16.5% two-year stacked).
- Net income $8.9M (+145.5%); diluted EPS $0.39 (up from $0.16 in Q1 fiscal 2021).
- Adjusted EBITDA $19.5M, +44.7% YoY.
- Management cites strong momentum but notes risks from COVID-19, labor availability, and supply chain.

## SEC filing metadata
- accession: 0001437749-22-002375
- form_type: 8-K
- ticker: NGVC
- cik: 0001547459
- company_name: Natural Grocers by Vitamin Cottage, Inc.
- filed_at: 2022-02-03T23:59:59+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/1547459/000143774922002375/0001437749-22-002375-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1547459/000143774922002375/ngvc20220201_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-002375
- JSON: https://secwatch.observer/filing/0001437749-22-002375.json
- Plain text: https://secwatch.observer/filing/0001437749-22-002375.txt

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